E.ON says Q1 adjusted earnings up 18% on boost from network investments

FRANKFURT (Reuters) -E.ON, Europe’s largest operator of energy networks, said on Wednesday its first-quarter core profit, or adjusted EBITDA, rose 18% to 3.2 billion euros ($3.58 billion), as network investments paid off.

The company also reaffirmed its previous full-year outlook, which was for adjusted earnings before interest, tax, depreciation and amortisation of 9.6 billion to 9.8 billion euros.

($1 = 0.8933 euros)

(Reporting by Christoph Steitz and Ludwig Burger; Editing by Muralikumar Anantharaman)

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