By Nathan Allen

Germany's RWE AG (RWE.XE) raised its 2019 guidance Tuesday after a solid performance in the first half of the year, the company said.

The energy company said it now expects adjusted earnings before interest, taxes, depreciation and amortization of 1.6 billion to 1.9 billion euros ($1.78 billion-$2.12 billion) compared with an earlier range of EUR1.4 billion-EUR1.7 billion.

RWE's supply-and-trading division generated adjusted Ebitda of slightly more than EUR400 million in the first six months of the year. The division is likely to post adjusted Ebitda of significantly above EUR300 million for the full year, compared with a previous estimate of between EUR100 million and EUR300 million, RWE said.

The company left guidance for its European power, and its lignite-and-nuclear divisions unchanged.

RWE will publish complete first-half earnings on Aug. 14.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

July 30, 2019 03:34 ET (07:34 GMT)

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