RWE AG 1st Half 2016 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for RWE AG (RWE.XE) 1st half-year results, based on a poll of eight analysts conducted by Dow Jones Newswires (figures in million euros and target price in euro, according to IFRS). Earnings figures are scheduled to be released August 11.

=== 
                           Operating  Net income 
1st half-year      EBITDA     result    adjusted 
AVERAGE             3,183      2,035         632 
Prev. Year          3,186      2,030         543 
+/- in %             -0.1       +0.2         +16 
 
MEDIAN              3,171      2,027         626 
Maximum             3,279      2,169         764 
Minimum             3,094      1,879         530 
Amount (a)              6          8           8 
 
Barclays            3,094      1,879         597 
Commerzbank         3,166      2,002         530 
Jefferies              --      2,038         614 
Kepler Cheuvreux       --      2,149         764 
LBBW                3,175      2,016         594 
Morgan Stanley      3,267      2,049         637 
Societe Generale    3,279      2,169         662 
 
 
                   Target price  Rating 
AVERAGE                   14.74  positive 2 
Prev. Quarter             13.80  neutral  6 
+/- in %                   +6.8  negative 1 
 
MEDIAN                    15.25 
Maximum                   20.00 
Minimum                   10.00 
Amount                        8 
 
Barclays                  12.40  Equalweight 
Berenberg                 16.00  Hold 
Commerzbank               11.00  Hold 
Independent Research      17.00  Hold 
Jefferies                 17.00  Buy 
Kepler Cheuvreux          10.00  Reduce 
LBBW                      14.50  Hold 
Morgan Stanley               --  Equalweight 
Societe Generale          20.00  Buy 
===

Year-earlier figures are as reported by the company.

(a) Including estimates from analysts who want to remain anonymous.