EON SE, Germany’s largest utility, said first-half profit fell 21 percent on lower wholesale power prices.
Underlying net income decreased to 1.17 billion euros ($1.3 billion) from 1.48 billion euros a year earlier, the Dusseldorf- based company said in a statement on Wednesday. That beat the 1.15 billion-euro average of seven estimates compiled by Bloomberg.
The company reiterated its 2015 forecast for underlying net income of 1.4 billion euros to 1.8 billion euros.
Recommended for you
