EnergyWatch

Innogy books significantly weaker result

German utility Innogy maintains its full-year guidance after an anticipated weak start, shows the company's first quarter report.

Photo: Innogy

German utility Innogy's first quarter financial statement, published Tuesday morning, shows a substantial decline in both profit and earnings before interest and taxes compared to the same period last year.

Innogy's renewable energy division, on the other hand, went forward, driven by higher prices and better weather conditions. The Q1 2019 operating result lands at EUR 299 million against EUR 230 million from the same period last year.

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