DGAP-Adhoc: Uniper SE: Uniper raises earnings outlook for financial year 2021 in light of preliminary results for the first nine months

2021. október 21., csütörtök, 14:52

DGAP-Ad-hoc: Uniper SE / Key word(s): Preliminary Results

Uniper SE: Uniper raises earnings outlook for financial year 2021 in light of preliminary results for the first nine months

21-Oct-2021 / 14:52 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Uniper expects adjusted earnings before interest and taxes (Adjusted EBIT) for the first nine months of 2021 amounting to approximately EUR 600 million (previous year: EUR 405 million). The increase in earnings reflects mainly a higher contribution from the gas mid-stream business within the Global Commodities Segment.

Following the expected positive earnings development after nine months and taking into consideration the expectations for the remainder of the financial year, Uniper raises its Adjusted EBIT outlook for the full-year 2021 to now EUR 1,050 - 1,300 million (previously: EUR 800 - 1,050 million). The expected Adjusted Net Income for the full-year 2021 amounts now to EUR 850 - 1,050 million (previously: EUR 650 - 850 million).

Furthermore, for the first nine months of 2021 Uniper expects currently a negative IFRS Net Income of approximately EUR -4.8 billion. This is primarily the result of temporary losses from hedge derivative valuation under IFRS, amounting to roughly EUR -7 billion before tax, which are partly offset by compensating effects. The background for these valuation losses is the fact that Uniper is hedging its natural asset positions with forward sales. In many cases, the hedge deals are subject to "mark-to-market" accounting under IFRS, while the underlying assets, like power plants, are not. Accordingly, in times of rising commodity prices Uniper"s IFRS Net Income reflects unrealized losses from hedges now, while the offsetting gains on the underlying (hedged) assets are not recognized until delivery. This IFRS driven accounting mismatch is only temporary and will resolve over time as the positions settle. Uniper neutralizes those effects within its key performance indicators Adjusted EBIT and Adjusted Net Income in order to better reflect Uniper"s operational development.

All published figures and statements are preliminary and unaudited. The detailed results for the first nine months of 2021 will be published on 5 November 2021, as announced.

The key figures used are explained in Uniper SE"s 2020 annual report. Uniper SE"s 2020 annual report is available at www.uniper.energy.


Person making the notification:

Dr. Sascha Fehlemann

Senior Vice President Corporate Legal Affairs

Contact for investors and analysts:

Stefan Jost

Executive Vice President

Group Finance & Investor Relations

Uniper SE

Holzstraße 6

40221 Düsseldorf

Telefon +49 211 4579 8200

Telefax +49 211 4579 2022

Email ir@uniper.energy

Media contact:

Fabienne Twelemann

Executive Vice President

Corporate Communications & Governmental Affairs

Uniper SE

Holzstraße 6

40221 Düsseldorf

Telefon +49 211 4579 3570

Mobile +49 171 563 92 42


21-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Uniper SE

Holzstraße 6

40221 Dusseldorf

Phone: +49 211 73275 0
Fax: +49 211 4579 2022
E-mail: info@uniper.energy
Internet: www.uniper.energy
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1242578

End of Announcement DGAP News Service

1242578  21-Oct-2021 CET/CEST

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