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Aug. 10, 2022, 1:48 a.m. EDT

E.ON backs 2022 view

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By Giulia Petroni

E.ON SE said Wednesday that profit dipped in the second quarter but confirmed the outlook for the full year.

The German utility company /zigman2/quotes/206607864/delayed XE:EOAN +1.60% said it booked a quarterly net profit of 1.43 billion euros ($1.46 billion), down from EUR1.75 billion in the year-earlier period.

Adjusted earnings before interest and taxes were EUR1.28 billion compared with EUR1.51 billion the previous year, while sales for the quarter rose to EUR23.34 billion from EUR14.64 billion.

E.ON backed guidance for the full year and reaffirmed its targets through 2026, including the dividend policy.

Write to Giulia Petroni at giulia.petroni@wsj.com

/zigman2/quotes/206607864/delayed
XE : Germany: Xetra
8.25
+0.13 +1.60%
Volume: 4.88M
Oct. 4, 2022 6:30p
P/E Ratio
4.88
Dividend Yield
5.94%
Market Cap
€21.16 billion
Rev. per Employee
€1.35M
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