E.ON posts 8% sales growth in H1 at €33B

Wednesday, 11. August 2021 07:04

E.ON revealed on Wednesday that its sales amounted to €33.04 billion in the first half of fiscal 2021, marking an 8.3% jump compared to the same period the year prior.

Net income skyrocketed 727% year-on-year to reach €2.77 billion, while earnings per share came in at €0.98 in the first half, soaring more than 1500% on an annual basis.

"Cost savings in the U.K. sales business had a positive impact on second-quarter earnings. In addition, cooler weather relative to the prior year led to higher gas sales volume. Also, in the first six months of 2021 E.ON largely offset the Covid-19 pandemic's economic repercussions, which had a significant adverse impact on E.ON's operations in the first half of 2020," CFO Marc Spieker commented.

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