Uniper holds first Annual Shareholders Meeting and draws positive balance on 2016 financial year
DGAP-News: Uniper SE / Key word(s): AGM/EGM
At Uniper SE's first Annual Shareholders Meeting, CEO Klaus Schäfer today drew a positive balance on the 2016 financial year. Speaking to the company's shareholders at the Grugahalle in Essen, Germany, Schäfer said that "Uniper is on a good course. We achieved all of our financial targets for 2016 and implemented numerous measures to enhance Uniper's competitiveness, just as we said we would. We intend to maintain this approach and to continue to do everything we can to remain a reliable and successful energy company."
Uniper achieved its earnings targets for the 2016 financial year. Adjusted EBITDA of EUR2.1 billion (2015: EUR1.7 billion) was at the upper end of the guidance range. Adjusted EBIT, which has been Uniper's key metric for operating earnings since the start of 2017, improved by EUR0.6 billion to EUR1.4 billion (2015: EUR0.8 billion). Uniper strengthened its balance sheet in 2016 by reducing its economic net debt by EUR2.5 billion. So that shareholders benefit from this solid operating performance, management will propose to the Annual Shareholders Meeting that the company pay a dividend of EUR0.55 per share for the 2016 financial year.
Uniper share, which began trading at EUR10.015 at its listing on September 12, 2016, closed yesterday at EUR17.88, a more than 75-percent increase.
Good start to the 2017 financial year
First Sustainability Report published
Uniper is a leading international energy company with operations in more than 40 countries and around 13,000 employees. Uniper's business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.
This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.
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|End of News||DGAP News Service|