EnergyWatch

E.on brings down debt but struggles with UK wind

After a horrible 2016, this year looks set to be much more positive for Germany utility E.on.

German energy company E.on boosted its net earnings in this year's first nine months by 51 percent to EUR 965 million, up from EUR 641 million in the same period of the year before.

The result has been adjusted for one-off items. The reported net profit in the period was EUR 3.9 billion relative to a loss of EUR 9.3 billion in the same period last year, shows E.on's interim report, released Wednesday morning, in which the company confirmed its target for the full year of an adjusted net income in the range of EUR 1.2-1.4 billion.

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