E.ON sales grow 90% YoY to €30.5B in H1

Wednesday, 12. August 2020 07:16

E.ON announced on Wednesday that its sales stood at €30.5 billion in the first half of fiscal 2020, representing a 90% surge compared to the same timeframe in 2019.

Net income rose by 1% year-on-year to reach €546 million, while earnings per share amounted to €0.14 in the first half, losing 22% on an annual basis.

"As anticipated, the COVID-19 crisis affected our EBIT in the second quarter. However, the decline relative to the first half of 2019, which resulted largely from the pandemic's repercussions, was comparatively mild. Through operating measures, E.ON was able to fully offset the reduction in sales volume in warm winter months that had adversely affected earnings in the first quarter," CFO Marc Spieker commented in a statement.

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Breaking the News / MS