āUniper first-quarter operating profit beats estimates on cost cutsā
Uniper / Reuters
German utility Uniperās operating earnings in the first quarter 2017 fell by 41 percent compared to the same period 2016, due primarily to , the company announced in a press release.
This was less than what had been anticipated by analysts, as cost cuts at its power plant division helped the group offset weaknesses at its hydroelectric plants, writes Christoph Steitz in an article for Reuters. E.ONās fossil spin-off Uniper generated adjusted earnings before interest and taxes of 514 million euros in the first quarter of 2017.
Read the Reuters article in English and find Uniperās press release in English .
Find background in the Ā鶹ĪŽĀė°ę factsheet E.ON shareholders ratify energy giantās split.
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