Uniper: shares up after solid H1 results.
(CercleFinance.com) - Uniper shares are up today as the power plant and energy trading business, which was spun off by E.
ON last year reported strong H1 results, having narrowed its FY guidance and increased its dividend.
The Düsseldorf-based company, often considered as a takeover target, said net income improved to 1.1 billion euros in the first six months of 2017, compared to a net loss of 3.9 billion euros a year ago.
Uniper has also narrowed its full year EBIT outlook from 0.9-1.2 billion euros to 1 to 1.2 billion euros.
Finally, the group has increased its guidance for 2017 dividend, aiming at 25% growth from a growth of 15% compared to the dividend paid for fiscal year 2016.
The shares - which were floated less than a year ago - are currently up 3.1% at 18.8 euros.
The Uniper shares has risen by over 43% year-to-date.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
ON last year reported strong H1 results, having narrowed its FY guidance and increased its dividend.
The Düsseldorf-based company, often considered as a takeover target, said net income improved to 1.1 billion euros in the first six months of 2017, compared to a net loss of 3.9 billion euros a year ago.
Uniper has also narrowed its full year EBIT outlook from 0.9-1.2 billion euros to 1 to 1.2 billion euros.
Finally, the group has increased its guidance for 2017 dividend, aiming at 25% growth from a growth of 15% compared to the dividend paid for fiscal year 2016.
The shares - which were floated less than a year ago - are currently up 3.1% at 18.8 euros.
The Uniper shares has risen by over 43% year-to-date.
Copyright (c) 2017 CercleFinance.com. All rights reserved.