RWE adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose €200m in the first nine months of compared with the same period last year.
The company recorded EBITDA of €1.5bn in the three quarters of 2019, up from €1.3bn in 2018.
Adjusted net income totalled €854m in the first nine months, against €645m for the same period in 2018.
RWE is raising its full-year earnings outlook for fiscal 2019, due to the reinstatement of the UK capacity market and the continued strong trading performance in the first nine months of this year.
RWE chief financial officer Markus Krebber (pictured) said: “Both the business performance to date as well as the prospects provided by our new strategy give us reason to be very confident.
“The positive development of the group’s operating activities in the first half of the year continued in the third quarter. Furthermore, the reinstatement of the British capacity market will have a positive impact on earnings in the European Power segment. This had not been considered in the earlier outlook for RWE standalone.”
RWE’s reported EBITDA does not include income from the operations acquired from Eon.
The company anticipates that adjusted EBITDA from September through to the end of the year will total between €200m and €300m.
The company stated, “RWE’s renewable energy business has continued to develop dynamically in recent weeks. RWE has embarked on new wind and solar projects in the USA, UK and Poland and signed new contracts with partners.
“The current portfolio, which has a size of over 9GW, is set to be expanded up to €1.5bn in net investments every year. Around 2.6GW is under construction, supplemented by a project pipeline with a current capacity of approximately 20GW.”