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Uniper Q3 loss widens 52.2% YOY

Uniper SE said its third-quarter normalized net income amounted to a loss of 61 euro cents per share, compared with the S&P Capital IQ consensus estimate of €7.46 per share.

The per-share loss increased 52.4% year over year from 40 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €223.4 million, compared with a loss of €146.8 million in the prior-year period.

The normalized profit margin fell to negative 1.4% from negative 1.0% in the year-earlier period.

Total revenue climbed 6.7% year over year to €15.67 billion from €14.69 billion, and total operating expenses increased 7.5% year over year to €16.03 billion from €14.92 billion.

Reported net income totaled a loss of €284.0 million, or a loss of 78 cents per share, compared with a loss of €361.0 million, or a loss of 99 cents per share, in the year-earlier period.