Energy: Uniper increases profit before stock exchange listing
The nationalized energy group has doubled its profit in the first nine months of the year. This is also intended to convince investors of the upcoming stock market listing.
Uniper, a nationalized energy company, reported increased profits in the first nine months, driven by its gas business. The company's Greener Commodities division improved its adjusted EBITDA to €494 million, reversing a loss of €196 million in the same period last year. Uniper's adjusted EBITDA rose by almost 60% to €1.024 billion, and its adjusted net profit doubled to €579 million. The German government is currently exploring options for reprivatizing Uniper, either through a sale or a stock market listing.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
