German energy firm E.ON forecast on Wednesday largely stable operating earnings for 2019, expecting rising profits at its networks and renewables units to offset a decline in retail, where fierce competition is squashing margins.
div > div.group > p:first-child"> E.ON, which is taking over Innogy's grid and customers businesses as part of an asset swap with Innogy's owner RWE, said adjusted earnings before interest and tax would come in at between 2.9 billion and 3.1 billion euros this year, compared with 3 billion euros in 2018.
E.ON said it was confident of securing regulatory approval for the takeover of Innogy's customer portfolio of 21.73 million, which is subject to further investigation by the European Commission. Speaking to CNBC's Julianna Tatelbaum, Teyssen said the deal is in the interest of the consumers because it will bring more efficiency, better products, and better services.
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