E.ON Reports Slight Rise in First Quarter Core Profit
The European energy network operator posted a 2% increase in core earnings to 3.3 billion euros during the first quarter. Growth was supported by German industrial demand and retail pricing while the company maintained its full-year profit guidance.
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E.ON SE grew core profit 2% to 3.3 billion euros ($3.87 billion) in the first quarter, meeting analyst expectations. Shares rose 1.5% in early trade on May 13 as the utility confirmed its full-year earnings guidance. Resilient industrial demand in Germany offsets infrastructure delays caused by cold weather, stabilizing the company's growth trajectory.
