E.ON Posts Increases for First Half 2010

15 August 2010 (Last Updated August 15th, 2010 18:30)

E.ON has recorded significant increases in its key financial figures for the first half of 2010. The firm's sales were up about 7% year-on-year to about €44bn and its earnings before interest and taxes increased by 11% to €6.1bn. E.ON has improved its operating perfo

E.ON has recorded significant increases in its key financial figures for the first half of 2010.

The firm's sales were up about 7% year-on-year to about €44bn and its earnings before interest and taxes increased by 11% to €6.1bn.

E.ON has improved its operating performance across all its business areas including gas E&P and power generation to retail sales in almost all its markets.

Among its markets, Pan-European Gas's adjusted EBIT was significantly higher, climbing by 17% to about €1.3bn.

The positive factors included higher gas sales volume and positive effects in the upstream business, mainly the inclusion of the Yuzhno Russkoye gas field.

E.ON CEO Johannes Teyssen said that E.ON remains, despite increasing competitive pressure, one of the strongest international energy companies today.

"As the federal government stated, Germany needs a non-ideological, technology-neutral, and market-based energy strategy, which includes an environmentally and economically sensible decision on the future of nuclear energy in this country," Teyssen said.