FRANKFURT – E.ON on Wednesday posted first-quarter profits that were roughly stable year-on-year, adding that investments were up by around a quarter as Europe’s biggest operator of energy grids is massively ramping up spending on grids.
First-quarter adjusted core profit (EBITDA) was up 1% at €2.745 billion, while adjusted net profit was up 2% at 1€.047 billion, the company said, confirming its outlook for the current financial year.
The group said it still expects adjusted EBITDA of €8.8 billion to €9 billion and adjusted net profit of €2.8 billion to €3.0 billion.
According to a poll provided by the company, analysts on average expected adjusted EBITDA of €8.9 billion and adjusted net profit of €2.9 billion.
