RWE Aktiengesellschaft (OTCPK:RWEOY) Q1 2022 Earnings Conference Call May 12, 2022 7:00 AM ET
Company Participants
Markus Krebber – Chief Executive Officer
Thomas Denny – Head-:Investor Relations
Michael Muller – Chief Financial Officer
Conference Call Participants
Peter Bisztyga – Bank of America Securities
Deepa Venkateswaran – Bernstein
Alberto Gandolfi – Goldman Sachs
Rob Pulleyn – Morgan Stanley
Vincent Ayral – JPMorgan
Olly Jeffery – Deutsche Bank
Piotr Dzieciolowski – Citi
Tancrede Fulop – Morningstar
Lueder Schumacher – Societe Generale
Martin Tessier – Stifel
Thomas Denny
Good afternoon, ladies and gentlemen. Thank you for joining the RWE Investor Analyst Conference Call. Our CFO, Michael Muller, will provide you through our performance for the first quarter and the outlook for the current year. Before we start, let me thank you for the strong support at our recent AGM. We received tremendous positive feedback on our strategy in the weeks leading up to the event. And your vote at the AGM shows that the company is on the right path.
Now without further delay, over to you, Mike.
Michael Muller
Yes. Thanks, Thomas, and also good afternoon to all of you. Russia has been in war with the Ukraine since February 24. We're all deeply shocked and condemn Russian's actions. In this situation, it is important that Western countries and companies stand together. At RWE, we are providing humanitarian support, for example, by accommodating refugees in housing in the [indiscernible] region by donating money to aid organizations and by releasing employees for aid services. And we also advertising vacancies for Ukrainian refugees. Above all, we support the German government in becoming independent from fossil fuel from Russia and strengthening security of supply in Germany in the short term.
On behalf and in the name of the government, we have chartered two FSRUs. These ships can
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