Dow Jones Newswires: E.On posts profit fall, but lifts full-year guidance

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German energy company E.ON SE on Friday reported a fall in nine-month adjusted net income and raised its full-year view following the completion of the acquisition of Innogy.

Adjusted net income fell 3% to 1.18 billion euros ($1.29 billion) in the first nine months of the year from EUR1.21 billion a year earlier, while adjusted earnings before interest and taxes decreased 6% to EUR2.21 billion.

“As anticipated, as the year has moved forward E.ON has made up for its weak start in the first quarter,” it said.

For 2019 as a whole, E.ON EOAN, +0.66%  now expects adjusted net income between EUR1.45 billion and EUR1.65 billion, compared with a previous forecast of between EUR1.4 billion and EUR1.6 billion. The forecast for adjusted EBIT has also been raised for the year to between EUR3.1 billion and EUR3.3 billion, compared with previous estimates of EUR2.9 billion to EUR3.1 billion.

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