RWE opts for stability before growth
- From: Vol 6, Issue 3 (March 2005)
- Category: Companies
- Region: Europe
- Country:
- Related Companies: American Water Services and RWE/Thames (Water)
The German utility’s water business was slow going in 2004; but it is still committed to a big investment plan.
The RWE group is unperturbed by a 4% drop in revenue – to €4.065 billion – at subsidiary RWE Thames Water in 2004. Currency effects, mainly resulting from the weaker US dollar, reduced sales by €148 million, it says.
Furthermore, some of RWE Thames Water’s continental European water activities, which had contributed €100 million to revenues in 2003, were transferred ...
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