E.on released a positive set of results for the second quarter, offsetting the weak performance posted in the first quarter. H1 revenues were down by 3% to €19.58bn, adjusted EBITDA decreased by 6.4% to €2.7bn and adjusted EBIT fell by 12% to €1.8bn. Net profit rose by 46% to €881m, beating market expectations. Cash generation for the first half was strong with a threefold increase in operating cash flow to €4,88bn. This was mainly due to the refund of the nuclear-fue
09 Aug 2017
Debt reduction means room for growth opportunities (and dividends)
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Debt reduction means room for growth opportunities (and dividends)
E.ON SE (EOAN:WBO) | 0 0 1.3% | Mkt Cap: 17,847m
- Published:
09 Aug 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
E.on released a positive set of results for the second quarter, offsetting the weak performance posted in the first quarter. H1 revenues were down by 3% to €19.58bn, adjusted EBITDA decreased by 6.4% to €2.7bn and adjusted EBIT fell by 12% to €1.8bn. Net profit rose by 46% to €881m, beating market expectations. Cash generation for the first half was strong with a threefold increase in operating cash flow to €4,88bn. This was mainly due to the refund of the nuclear-fue