EON Emerging Markets Foray to Cut Profit as Russia Slows

Germany’s largest utility sought relief from upheaval in the energy industry at home by investing in emerging markets. It’s not gone to plan.

EON SE reports first-half earnings tomorrow and ventures in Brazil, Turkey and Russia are expected to contribute to a 24 percent drop in profit from last year, according to analysts including B. Metzler Seel Sohn & Co. KGaA.