The German energy supply company E.On, the largest European network operator, obtained an attributed net profit of 801 million euros in the first three months of 2021, compared to losses of 438 million in the same period of 2020, reported the business.
The German company’s revenues between January and March 2021 totaled 18,402 million euros, 4.2% more, including a 2.4% increase in its network business, up to 4,780 million euros, while the customer area invoiced 14,836 million, 3% more.
In this regard, E.On highlighted that in the United Kingdom all npower clients have been migrated to the company’s new digital client platform, which is why the German company hopes to exceed 100 million pounds (116 million euros) of earnings for the year, reaching this goal one year ahead of schedule.
On the other hand, E.On’s net debt stood at 40,800 million euros at the end of the quarter, in line with the figure at the end of fiscal year 2020.
“We have had a successful start to the year,” said E.On CFO Marc Spieker, underscoring the utility’s confidence for the rest of the year.
In this way, the company has confirmed its annual expectations and is confident of reaching an adjusted gross operating result (Ebitda) of between 7,200 and 7,500 million.