Eon's profit plummets
The German utility "unequivocally reaffirm[s]" its annual guidance despite its result having taken a steep nose dive. It was anticipated, and the EU's close inspection of the Innogy transaction is no cause for concern, the company states.
Eon's first quarter profit margin fell to 5.4 percent against 11.8 percent in 2018. The German utility booked a net result of EUR 493 million and revenue of EUR 9.162 billion in Q1 – in other words, a decline of more than 50 percent relative to the same period last year, achieved with a 5 percent lower top line, shows the company's interim report.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Uniper appoints two new executives
For subscribers
Wind boosts Statkraft's operating profit
For subscribers
RWE sets sights for 2-3 GW in annual green capacity
For subscribers
.jpg&w=384&q=75){kind=logo}
