innogy Plans to Invest Billions of Euros Next Year

innogy steps up growth initiatives – capex budget planned for 2018 rises by more than 25 per cent to over 3.0 billion euros / Adjusted net income of above 1.1 billion euros forecast for 2018 / innogy expects 2017 adjusted EBITDA and adjusted EBIT to be slightly lower than anticipated so far / Adjusted net income still expected to be above 1.2 billion euros in 2017

Today, the Executive Board and the Supervisory Board of innogy SE agreed on the budget for fiscal 2018. With this, innogy is setting the course for the future. The Executive Board released its forecast for 2018 on this basis. Development in the coming fiscal year will be characterised above all by increased ramp-up costs for strategically important projects such as digitisation and by substantially higher investments... ... More: Official Press Release innogy

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innogy, investment, Triton Knoll, onshore, offshore