EnergyWatch

E.on finally has something to show for its major transition

German energy company E.on is now making a profit on its renewables strategy after several disappointing financial reports.

After years of crimson bottom lines in crimson and sizeable impairments, it now seems that the drastic shift in strategy is paying off for German energy major E.on.

In the first half of 2017, the company booked clear growth on all significant parameters. Revenue for the half-year period came to EUR 19.6 billion which resulted in EBIT of EUR 1.8 billion, with an adjusted net income of EUR 881 million.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Glencore books huge profit from gas crisis

The exorbitant natural gas prices have led several countries to reverse course on coal. This has served to benefit mining company Glencore, which, unlike competitors, has decided not to cut down on coal production.

Pelosi's Taiwan visit could impact Tesla's battery supplies

According to Bloomberg, the Chinese government has interfered with Chinese battery manufacturer CATL’s plans to build a factory in the US. A decision on where to build the factory has reportedly been postponed due to Nancy Pelosi’s visit to Taiwan. Updated.

Further reading

Related articles

Latest News

See all jobs