E.on finally has something to show for its major transition

German energy company E.on is now making a profit on its renewables strategy after several disappointing financial reports.

After years of crimson bottom lines in crimson and sizeable impairments, it now seems that the drastic shift in strategy is paying off for German energy major E.on.

In the first half of 2017, the company booked clear growth on all significant parameters. Revenue for the half-year period came to EUR 19.6 billion which resulted in EBIT of EUR 1.8 billion, with an adjusted net income of EUR 881 million.

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