E.ON’s Q1 adjusted net profit increased to €1.34B, but revenue fell due to weakness in Germany, offset partly by growth in Sweden.
E.ON reported a 7% year-on-year increase in adjusted net profit to €1.34B for Q1, driven by operational efficiency despite revenue challenges. Total revenue declined 7% to €5.45B, primarily due to an 11% drop in Germany to €4.31B.
The decline in Germany was partly offset by a 17% revenue rise in Sweden, reaching €406M. The company attributed the German weakness to lower energy prices and reduced demand, while Sweden benefited from higher volumes and favorable market conditions.
Shares showed muted reaction in early trading as investors weighed the mixed performance against broader sector trends.