The Essen-based group had a net loss of €2.76 ($3.8bn) lastyear, reversing a €1.31bn net profit a year earlier. Earnings beforeinterest, taxes, depreciation and amortisation (Ebitda) were down 6% to €8.8bn.
Losses were heightened by a €4.8bn impairment the companyrecognised from its fossil generation business. Without the one-off effect,RWE’s recurrent net income would have fallen 6% to €2.31bn last year.
The utility has already said it will mothball over 5GW ingas- and hard coal-fired power plants across Europe.
