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Strong power retail business lifts E.ON's Q1 profit

Tue, 11th May 2021 06:00

FRANKFURT, May 11 (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.
($1 = 0.8236 euros)
($1 = 0.8235 euros)
(Reporting by Christoph Steitz; Editing by Maria Sheahan)

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