Germany’s Uniper Expects Higher Profits For 2023 After Successful Hedging ...Middle East

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Germany’s energy major Uniper expects to book a higher profit for 2023 than previously anticipated thanks to hedging bets the company made for its power generation and natural gas distribution businesses. Per a Bloomberg report citing the company, Uniper expects to book between $6.4 billion and $7.4 billion, or 6-7 billion euros, in earnings before interest, tax, and depreciation. The net figure is seen at between 4 and 5 billion euros, equal to some $4.24 billion to $5.3 billion. Germany had to nationalize Uniper last year to avoid its collapse…

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Last updated : 25 October 2023 clock 10:40 AM

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Germany’s Uniper Expects Higher Profits For 2023 After Successful Hedging ...Middle East

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