German utilities face uncertainty ahead of spinoffs
E.On solar generation in Pellwom, Germany. (E.On)
Germany’s two biggest utilities posted contrasting financial results for the first half of 2016 this week, but analysts are reserving judgement on the long-term prospects of E.On and RWE, with both companies set to undergo significant restructuring in the coming months.
E.On reported a net loss of €3 billion ($3.3 billion) in the six months to the end of June as a result of impairment charges on two power stations, gas-storage facilities and provisions for contingent losses amounting to €3.8 billion.