March 14, 2019 / 6:04 AM / 6 months ago

RWE sees falling profits ahead of Innogy, E.ON renewables deal

FRANKFURT, March 14 (Reuters) - RWE on Thursday forecast core earnings could fall by a fifth this year, as the utility struggles to halt a decline in profitability at its coal- and gas-fired power plans.

The group, which will become Europe’s No. 3 renewables player after taking over the renewables businesses of E.ON and Innogy this year, also said it would propose a dividend of 0.70 euros ($0.79) per share for 2018.

$1 = 0.8836 euros Reporting by Christoph Steitz; editing by Thomas Seythal

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