E.ON’s renewables, Turkey business offset weak retail profits
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First-quarter adjusted earnings before interest and tax (EBIT) declined 8% to 1.67 billion euros ($1.88 billion), beating the 1.64 billion average forecast in a Reuters poll
FRANKFURT: 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 ($1.88 billion), beating the 1.64 billion average forecast in a Reuters poll.
Source: reuters
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E.ON
