E.ON鈥檚 spin-off Uniper satisfies shareholders
The prospect of an improving performance has given the shares of E.ON鈥檚 conventional energy spin-off Uniper a boost, the Reuters news agency reports. Uniper expects an adjusted 鈥榚arnings before interest, taxes, depreciation and amortization鈥� of 1.9 billion to 2.2 billion euros this year, the company said in a press release on its report on the first nine months 2016. Uniper continued a 鈥渟olid operating performance鈥�, especially in the gas business, but reports a nine-month net loss of 4.2 billion euros. This was 鈥渁ttributable to non-cash effective valuation effects鈥�. This figure was largely already disclosed in the results for the first half of 2016 and 鈥渕ore than offset鈥� adverse effects caused by 鈥渟ignificantly lower achieved power prices鈥� in Europe, writes Uniper in the release.
Uniper鈥檚 parent company E.ON recently announced a loss of 9.3 billion euros, caused by the spin-off鈥檚 unexpectedly low market capitalisation.
Read the Reuters article in German and Uniper鈥檚 press release in English .
For background on the creation of Uniper, see the 威力彩玩法 factsheet E.ON shareholders ratify energy giant's split.