May 15, 2019 / 5:01 AM / 2 months ago

REFILE-RWE beats Q1 forecasts on strong trading performance

(corrects day to Wednesday in first paragraph)

FRANKFURT, May 15 (Reuters) - RWE, Germany’s largest electricity producer, on Wednesday posted higher-than-expected profits for the first quarter, boosted by its volatile power trading unit.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) surged 70 percent to 510 million euros ($571 million) in the first quarter, beating the 302 million average analyst forecast in a Reuters poll.

$1 = 0.8925 euros Reporting by Christoph Steitz Editing by Thomas Seythal

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