E.ON has announced its results for the first half of 2018. Adjusted EBIT in the company’s core business of € 1.7 billion was 10% above the weak prior-year figure (€ 1.6 billion).
Adjusted EBIT for the E.ON Group as a whole likewise rose by 10% to € 1.9 billion (prior year: € 1.8 billion). Adjusted net income of € 1,052 million surpassed the prior-year figure of € 881 million by € 171 million, or 19%. Sales at the Renewables segment rose from € 710 million to € 741 million, primarily because of higher output due to the commissioning of new offshore and onshore wind farms. This segment’s earnings increased by 15%, from € 205 million to € 236 million. E.ON continues to expect the Group’s full-year adjusted EBIT to be between € 2.8 and € 3 billion and its full-year adjusted net income to be between € 1.3 and € 1.5 billion.
