ESSEN, Germany – German energy groups E.ON and RWE on Tuesday fleshed out their plans to break up RWE’s Innogy business, predicting higher profits and dividends as a result of a more focused corporate structure. E.ON forecast annual operating profit to rise by an average 3 to 4 percent over the next three years, while […]
E.ON, RWE get fresh boost from dividend, profit outlook
ESSEN, Germany – German energy groups E.ON (EONGn.DE) and RWE (RWEG.DE) on Tuesday fleshed out their plans to break up RWE’s Innogy (IGY.DE) business, predicting higher profits and dividends as a result of a more focused corporate structure. E.ON forecast annual operating profit to rise by an average 3 to 4 percent over the next […]