Strong power retail business lifts E.ON's Q1 profit | WSAU News/Talk 550 AM · 99.9 FM

By Syndicated Content
May 11, 2021 | 2:57 AM
FRANKFURT (Reuters) – E.ON, Europe’s largest energy networks operator, on Tuesday posted a 14% rise in first-quarter operating earnings after its British power retail division swung to a profit following a major overhaul.
The company stuck to its 2021 outlook, still expecting adjusted core profit (EBITDA) of 7.2 billion to 7.5 billion euros ($8.7-9.1 billion) and adjusted operating profit (EBIT) of 3.8 billion to 4 billion euros.
“We’re off to a successful start in the new year. All our businesses delivered a strong operational performance in the first quarter,” Chief Financial Officer Marc Spieker said. “This gives us a lot of confidence for the remainder of the year.”

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