RWE plays down expected profit plunge
- From: Vol 4, Issue 1 (January 2003)
- Category: Companies
- Region: Europe
- Country: Germany
- Related Companies: American Water Works, Innogy, PricewaterhouseCoopers and Transgas
But owns up to some hefty goodwill charges.
Germany multi-utility group RWE ended 2002 with a warning that net profits would fall and debts rise this year.
In a surprise move, the company decided to bring forward a statement planned for March about expected business developments in 2003. The move followed press reports warning of a dramatic fall in profits this year.
News magazine Der Spiegel had reported ...
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