“The Romania regional unit’s EBITDA (earnings before interest, taxes, depreciation and amortization) was significantly higher because of wider gross margins in the retail business reflecting reimbursement for gas procurement costs from earlier periods along with price effects relating to the liberalization of the power and gas market,” E.ON said in its financial report.
E.ON runs several gas and electricity distribution units in Romania, serving around 3 million customers in 20 counties.
The Germany’s biggest utility said its nine-month consolidated EBITDA fell 19% on the year to EUR7.1 billion. Excluding Germany, the group’s EBITDA in the EU countries was EUR1.71 billion, up 10% year-on-year.