E.ON's renewables, Turkey business offset weak retail profits

FILE PHOTO: Electric car is charged at the charging station at the front of the German utility E.ON headquarters in Essen, Germany, May 9, 2018. REUTERS/Wolfgang Rattay - Copyright Wolfgang Rattay(Reuters)

By Reuters

Published on 13/05/2019 - 08:04•Updated 30/04/2024 - 13:24

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FRANKFURT (Reuters) - German energy firm E.ON on Monday said that higher profits from wind parks and hydroelectric plants in Turkey offset a sharp drop in earnings at its British retail business during the first quarter.

First-quarter adjusted earnings before interest and tax (EBIT) declined 8% to 1.67 billion euros (1.44 billion pounds), beating the 1.64 billion average forecast in a Reuters poll.

(Reporting by Christoph Steitz; Editing by Thomas Seythal)

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