E.on sees boost in the first quarter

German energy giant E.on is taking small but steady steps in a year which the company describes as one marked by tough competition.

German utility E.on saw a boost in the first quarter of 2018 compared to the same period last year.

While the quarterly report doesn't reveal any groundbreaking progress, the company's EBIT increased to EUR 1.2 billion against EUR 1 billion over the same period last year. The adjustment of the result means that currency fluctuations on derivatives are excuded. The company has stated that the boost is partly attributed to better margins on energy sales in Sweden, while the new rules for the company's investments in Turkish utility Enerjisa Enerji has led to higher returns.

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