Rwe Ag Ord S/Adr (RWEOY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the RWE conference call. Markus Krebber, CEO of RWE AG and Michael Muller, CFO of RWE AG, will inform you about the developments in the first half of fiscal 2026. I will now hand over to Thomas Denny. Please go ahead. Thank you, Laura, and good afternoon, everyone. Welcome to RWE's conference call on our results for the first half of 2026. Thank you for joining us today. Markus Krebber, our CEO, and Michael Muller, our CFO, will start by taking you through the presentation. After that, we'll open the call for questions. Markus, over to you. Thank you, Thomas, and a warm welcome to everyone. This year to date has been quite decisive and successful for us. I'm very happy with the continued progress we are making in strengthening our portfolio as well as in delivering our operational and financial targets. And with that, let's jump into the presentation. We have delivered an excellent financial and operational performance in the first half of 26 and therefore raised our earnings expectations for the current year and for 2027. For 2031, we had already elevated our guidance when we announced the Amprion transaction. Market fundamentals continue to remain strong. Structural demand growth, energy sovereignty, and the necessary grid build-out provide significant investment opportunities for us. We are best positioned to capitalize on these market fundamentals. We have further strengthened our platform through the increase in our stake in the German electricity TSO Amprion to 55%. Our strong project pipeline and our portfolio of attractive sites perfectly position us to capitalize on the further growth catalyst ahead of us and to deliver upside to our current plan. Our agenda is clear. Disciplined investments Based on financial strengths, we'll deliver long-term se...