E.On has released its half year results which revealed a difficult half of the year with revenues falling 11% yoy to €20.254m, adjusted EBITDA -13.5% to €2,901m and adjusted operating profit decreasing to €2,001m (-6% yoy), which are in line with expectations. However, due to impairment charges on power stations, gas storage facilities and contingent charges of €3.8bn on Uniper, net income fell into negative territory once again with a reported loss of -€3,034m (compa
10 Aug 2016
Equity levels under pressure; additional writedown on Uniper likely
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Equity levels under pressure; additional writedown on Uniper likely
E.ON SE (EOAN:WBO) | 0 0 1.3% | Mkt Cap: 17,847m
- Published:
10 Aug 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
E.On has released its half year results which revealed a difficult half of the year with revenues falling 11% yoy to €20.254m, adjusted EBITDA -13.5% to €2,901m and adjusted operating profit decreasing to €2,001m (-6% yoy), which are in line with expectations. However, due to impairment charges on power stations, gas storage facilities and contingent charges of €3.8bn on Uniper, net income fell into negative territory once again with a reported loss of -€3,034m (compa