“E.ON at rock bottom – loss of 9.3 billion euros”
Handelsblatt
Spinning off its fossil operations into Uniper is costing German utility E.ON dear, reports Jürgen Flauger in business daily Handelsblatt. Because Uniper’s market capitalisation is much lower than the figure on E.ON’s books, the company had to post a net loss of 9.3 billion euros for the first nine months of the year. Things are going well in E.ON’s new core renewables, grids and retail business, where the company increased operating profit by 13 percent to 1.9 billion euros, writes Flauger. But the nuclear deal with the government will cost the company more money, making a fresh start even more difficult for E.ON.
Read the article in German here.
Find E.ON’s press release in English here.
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