EON Climbs as Focus Turns to Full Year After Quarterly Miss
- Utility to increase profit this year, confirms outlook
- Brokdorf reactor poised for return in May after February halt
EON CFO Looks to Full-Year Earnings Target After 1Q Miss
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EON SE rose the most in two weeks as Germany’s biggest renewable energy company underlined its full-year earnings target after reporting first-quarter figures that missed estimates.
Adjusted net income is on track to increase almost 50 percent this year after one-time factors dented earnings in the first three months, Chief Financial Officer Marc Spieker said in a Bloomberg Television interview on Tuesday. Profit for the quarter through March dropped 20 percent on rebounding power and gas costs in Germany and the U.K., higher network fees and a nuclear reactor that is still offline after halting in February.