Germany’s Uniper Upgrades Guidance After Strong 1H

Uniper raised its guidance for the year after what it called “extraordinarily strong results” for the first half based on preliminary figures, sustained by hedging transactions in coal and gas-fired power generation as well as in the gas midstream business.

The bailed-out German utility said late Tuesday that it now expects an adjusted net profit and adjusted earnings before interest and taxes of a mid-single digit billion euro amount this year, as opposed to just positive results previously.

“Uniper…