August 7, 2019 / 5:33 AM / 4 months ago

E.ON's Q2 retail profits slide as Britain continues to weigh

FRANKFURT, Aug 7 (Reuters) - German energy group E.ON on Wednesday posted a 75% drop in operating profit at its retail unit, as a price cap in Britain continues to squeeze margins of local utilities.

Second-quarter adjusted earnings before interest and tax (EBIT) declined to 21 million euros ($23.54 million) at the division. “The market in Great Britain is currently particularly challenging,” Chief Financial Officer Marc Spieker said. ($1 = 0.8921 euros) (Reporting by Christoph Steitz Editing by Ludwig Burger)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below