FRANKFURT (Reuters) -Uniper, which may be sold or partially listed this year, on Thursday said its core profit may fall by as much as two thirds in 2025, as the German state-owned energy firm released
Uniper Projects Significant Core Profit Decline by 2025
FRANKFURT (Reuters) -Uniper, which may be sold or partially listed this year, on Thursday said its core profit may fall by as much as two thirds in 2025, as the German state-owned energy firm released preliminary results for the past financial year.
The group, which was bailed out during Europe's energy crisis, expects its adjusted core profit (EBIT) to fall to 0.9 billion euros to 1.3 billion euros ($936 million to $1.35 billion) in 2025, down from 2.6 billion euros in 2024.
Adjusted net income in the current year is expected between 250 million and 550 million euros, down from 1.6 billion last year, the company, which is scheduled to release full-year results later this month, said.
Thinly traded shares in the company, which sources said may be sold fully or partially in the course of the year as Berlin weighs options for its 99.12% stake, were 2.2% higher after the news.
($1 = 0.9616 euros)
(Reporting by Christoph Steitz, Editing by Friederike Heine)
