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Uniper Q1 profit climbs 464.1% YOY

Uniper SE said its first-quarter normalized net income came to €1.70 per share, an increase of 457.5% from 30 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €622.6 million, a gain of 464.1% from €110.4 million in the prior-year period.

The normalized profit margin increased to 2.8% from 0.6% in the year-earlier period.

Total revenue rose 13.8% on an annual basis to €22.27 billion from €19.57 billion, and total operating expenses rose 10.0% on an annual basis to €21.26 billion from €19.33 billion.

Reported net income grew 12.4% on an annual basis to €733.0 million, or €2.00 per share, from €652.0 million, or €1.80 per share.