2008 key figures at a glance


  • All major financial goals achieved
  • Recurrent net income up 13  %
  • Efficiency-enhancement target doubled to €1.2 billion
  • Proposed dividend of €4.50 per share at record level

RWE Group

 

2008

20071

+/–
in %

1

Figures partially adjusted (see commentary).

2

Net income excluding the non-operating result and excluding non-recurrent effects in the financial result, in the tax expense and in income from discontinued operations.

3

Discontinued operations are still included in figures for 2007, but not in figures for 2008.

4

Cash flows from operating activities minus capital expenditure on property, plant and equipment.

5

Dividend proposal for RWE AG’s 2008 fiscal year, subject to approval by the April 22, 2009, Annual General Meeting.

6

Also includes provisions for pensions and similar obligations and provisions for nuclear waste management and mining damage. The capitalized surplus of plan assets over benefit obligations is netted against this.

7

Converted to full-time positions.

External revenue

€ million

48,950

42,507

15.2

Germany

€ million

30,694

24,840

23.6

Outside Germany

€ million

18,256

17,667

3.3

EBITDA

€ million

8,314

7,915

5.0

Operating result

€ million

6,826

6,533

4.5

Income from continuing operations before tax

€ million

4,866

5,246

-7.2

Net income

€ million

2,558

2,667

-4.1

Recurrent net income2

€ million

3,367

2,985

12.8

Return on capital employed (ROCE)

%

17.2

16.5

Weighted average cost of capital (WACC) before tax

%

8.5

9.0

Value added

€ million

3,453

2,970

16.3

Capital employed

€ million

39,809

39,710

0.2

Cash flows from operating activities3

€ million

8,853

6,085

45.5

Capital expenditure3

€ million

5,693

4,227

34.7

Property, plant and equipment

€ million

4,454

4,065

9.6

Financial assets

€ million

1,239

162

664.8

Free cash flow3,4

€ million

4,399

2,020

117.8

Number of shares outstanding (weighted average)

thousands

538,364

562,373

-4.3

Earnings per share

4.75

4.74

0.2

Recurrent net income per share2

6.25

5.31

17.7

Dividend per share

4.505

3.15

42.9

 

 

Dec 31, 08

Dec 31, 07

 

Net debt of the RWE Group6

€ million

18,659

16,514

13.0

Workforce7

 

65,908

63,439

3.9