Wednesday, March 15, 2017

E.ON Stock Dips On Wider Loss; Sees Higher FY17 Adj. Earnings; Plans To Cut Debt

Shares of E.ON AG declined around 3 percent in the morning trading in Germany after the utility reported Wednesday a sharply wider loss in its fiscal 2016, attributable to Uniper spinoff and nuclear energy. For fiscal 2017, the company projects higher adjusted earnings as well as increased dividend. Further, E.ON plans to reduce economic net debt.

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