Uniper has demonstrated a strong financial performance for the first nine months, supported by a solid cash position and progress in decarbonization efforts. However, there are notable challenges, including a decline in Gas Midstream earnings, a cautious transition to a hydrogen economy, and a less favorable commodity price environment for the remainder of the year.
Company Guidance
During the Uniper Analyst and Investor Conference Call for the nine-month results of 2024, CFO Jutta Donges provided detailed guidance on the company's financial performance and outlook. Uniper reported a robust adjusted EBITDA of nearly 2.2 billion Euros and an adjusted net income of approximately 1.3 billion Euros for the first nine months of 2024. The company maintained a strong net cash position of around 5.6 billion Euros. Donges noted temporary effects, such as a positive carbon phasing effect of 140 million Euros on the adjusted EBITDA, which are expected to reverse by year-end. Despite a decreasing momentum in the market environment, Uniper confirmed its full-year outlook with adjusted EBITDA projected between 1.9 billion and 2.4 billion Euros, and adjusted net income expected to range from 1.1 billion to 1.5 billion Euros. Donges also highlighted the company's ongoing transition strategy towards de-carbonization, including the decommissioning of coal-fired power plants and investments in flexible power generation, while emphasizing the need for regulatory support to achieve political targets.
Strong Nine-Month Financial Performance
Uniper's operating business performed well, with an adjusted EBITDA of almost 2.2 billion Euros and adjusted net income of nearly 1.3 billion Euros. The company's financial base is solid with a net cash position of around 5.6 billion Euros.
Progress in Decarbonization Efforts
Uniper has decommissioned 2.9 gigawatts of coal-fired power capacity, moving closer to carbon neutrality by 2040. The company remains on track to achieve a 55% reduction in carbon emissions for Scope 1 and 2 by 2030 compared to 2019 levels.
Solid Cash Flow and Economic Position
Uniper reported an operating cash flow of 2.6 billion Euros, reflecting a strong cash conversion rate above 100%, and maintains a substantial economic net cash level of approximately 5.6 billion Euros.
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Uniper (DE:UN0) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:UN0 Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 05, 2024
€44.54
€45.49
+2.13%
Aug 08, 2024
€42.38
€40.14
-5.29%
May 07, 2024
€51.00
€51.22
+0.43%
Feb 28, 2024
€59.42
€55.36
-6.83%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Uniper (DE:UN0) report earnings?
Uniper (DE:UN0) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Uniper (DE:UN0) earnings time?
Uniper (DE:UN0) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.