“Great Britain slows down green RWE subsidiary”

A decline in earnings in the Retail UK segment weighs heavily on German renewable energy company and RWE carve-out innogy, writes Jürgen Flauger in Handelsblatt. This was due to “fierce competition and tough regulation”, writes Flauger. For the first half of 2017, innogy posted adjusted earnings before interest and taxes (EBIT) of about 1.7 billion euros, an increase of 4 percent compared to the same period last year. “Business performance during the first half of the year developed in line with our outlook for fiscal 2017, which we can confirm at both a Group and a divisional level from today’s perspective,” said innogy CEO Peter Terium in a press release.

Read the Handelsblatt article in German here and the innogy press release in English here.