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E.ON SE Q2 profit falls YOY

E.ON SE said its second-quarter normalized net income amounted to 10 euro cents per share, a decline of 25.8% from 13 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €214.4 million, a decrease of 17.9% from €261.0 million in the year-earlier period.

The normalized profit margin fell to 2.3% from 2.9% in the year-earlier period.

Total revenue increased on an annual basis to €9.22 billion from €9.09 billion, and total operating expenses decreased 5.7% from the prior-year period to €8.95 billion from €9.49 billion.

Reported net income rose 1,616.4% on an annual basis to €3.24 billion, or €1.50 per share, from €189.0 million, or 10 cents per share.