E.ON's Q1 Earnings Increase by 18% Due to Network Investments
FRANKFURT (Reuters) -E.ON, Europe's largest operator of energy networks, said on Wednesday its first-quarter core profit, or adjusted EBITDA, rose 18% to 3.2 billion euros ($3.58 billion), as network investments paid off.
The company also reaffirmed its previous full-year outlook, which was for adjusted earnings before interest, tax, depreciation and amortisation of 9.6 billion to 9.8 billion euros.
($1 = 0.8933 euros)
(Reporting by Christoph Steitz and Ludwig Burger; Editing by Muralikumar Anantharaman)
