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In the first quarter of 2022, RWE significantly increased both revenue and profit. (Image: Andre Laaks/RWE AG)
Essen (energate) - Turning away from raw material purchases from Russia is also a key challenge for RWE. Because the Essen-based group no longer buys Russian hard coal due to sanctions, a write-down of 850 million euros is on the books for the first quarter. The group is hedging against the threat of an abrupt gas supply stop from Russia with hedging transactions in wholesale. This was made clear by CFO Michael Müller at the presentation of the balance sheet for the first q ...
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