Innogy Maintains Guidance After 1st Half Earnings Fall
09 August 2019 - 07:45AM
Dow Jones News
By Nathan Allen
Innogy SE (IGY.XE) confirmed its guidance Friday after
first-half earnings fell, due in part to the sale of its Czech
gas-grid business and retail price caps in the U.K.
Net profit at the German utility fell to 671 million euros
($751.7 million) from EUR850 million a year earlier.
Revenue slipped to EUR19.03 from EUR19.36 billion.
"Overall, business performance in the first half-year was in
line with our forecast. We confirm our outlook for 2019," Chief
Financial Officer Bernhard Guenther said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
August 09, 2019 01:30 ET (05:30 GMT)
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