DÜSSELDORF (dpa-AFX) - Good business with electricity generation and energy trading have brought the energy group Uniper millions in profits in the first quarter. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 885 million euros in the first three months (same period last year: 991 million euros), as the company, which was nationalized in the wake of the energy crisis, announced in Düsseldorf on Tuesday. The adjusted net profit climbed from 458 million to 570 million euros, mainly due to a good interest result.

Uniper confirmed its earnings forecast for the year as a whole. Accordingly, adjusted EBITDA of 1.5 to 2 billion euros is still expected. In terms of adjusted net income, the company expects to end the year with EUR 0.7 to 1.1 billion.

"Uniper has made a good start to 2024, in line with our expectations," explained CFO Jutta Donges. She emphasized that the capital market is rewarding the positive development of recent months. For example, the rating agency S&P confirmed the long-term credit rating of "BBB-" with a "stable outlook" at the beginning of March./tob/DP/stk