Uniper SE Foresees Earnings Decline in Early 2025

Uniper SE announced expectations of a significant drop in earnings for the first quarter of fiscal year 2025, though the overall earnings outlook for the year remains unchanged. Preliminary figures show an Adjusted EBITDA of EUR -139 million, a stark contrast to EUR 885 million in the previous year. Adjusted Net Income is projected at EUR -143 million, down from EUR 581 million.

The primary causes for this decline include diminished earnings from hedging in the Flexible Generation segment and adverse impacts on the Greener Commodities segment due to past gas portfolio optimization activities. Non-delivery of gas from Russia also contributed to reduced revenues. Despite these challenges, Uniper maintains its annual earnings forecast.

Final results for Q1 2025 will be disclosed on 6 May 2025. All figures are currently unaudited.