E.ON said in its financial report that its EBITDA was higher in Romania and Spain. It also said its earnings in Romania increased to due to smaller provisions, although the positive impact was limited to some extent by a new tax on special constructions.
On a group level, E.ON reported net loss of EUR14 million in the first nine months, compared to net profit of EUR2.6 billion in the same period in 2013. Its EBITDA fell 7% to EUR6.63 billion in January-September, from EUR7.13 billion in the same interval a year ago.
E.ON’s natural gas sales in Romania, Great Britain, Germany, Italy and The Netherlands decreased due to warn weather and increased competition on these markets, the report reads.
E.ON’s overall sales generated revenue of EUR81.35 billion in January-September, down 9% from EUR89.33 billion in the first nine months of 2013.
E.ON runs several gas and electricity distribution units in Romania, serving around 3 million customers in 20 counties in Transylvania and Moldova.
In April, E.ON Romania forecasted higher turnover in 2014, in the context in which the deregulation of the natural gas and electricity markets continues. E.ON also expects this year’s natural gas and power sales volumes to reach the level in 2013, namely, 29.4 Terawatts per hour (TWh), down 13% from 2012.
E.ON Romania’s consolidated turnover dropped on the year in 2013 to RON4.65 billion (EUR1.05 billion), mainly due lower gas and power sales volumes.