EBITDA for the company’s operations included in the category “other regional divisions” grew by EUR21 million, to EUR119 million due to high profits at the Connecting Energies division in Romania and the Netherlands, the company said in a report Thursday.
“Earnings in Romania benefited from positive effects from tariff increases in the gas distribution business instituted in 2014 and efficiency enhancements; these effects were partially mitigated by lower compensation payments for earlier gas procurement costs,” the company report notes.
At the end of last year, E.ON had 6,523 employees in Romania, where it supplies and distributes electricity and natural gas, serving around 3 million customers in the northern half of the country.