Uniper expects volatile earnings in 2023 as gas price swings remain uncertain | – #Uniper #expects #volatile #earnings #gas #price #swings #remain #uncertain

FRANKFURT, Feb 17 (Reuters) – Out of bail gas trader Uniper (UN01.DE), gas It expects profits to bounce back in 2023 from a record loss last year, warning that any volatility in its prices will be filtered out directly. Russian volumes substitute continues to do.

Uniper, which became the biggest victim of Europe’s energy crisis and was nationalized by the state, gas falling prices reduced the amount of losses, as well as its derivatives positions, which fell by about two-thirds between September and December, he said.

“We should be aware that Uniper’s earnings in future quarters will also be significantly dependent on the amount of gas replacement purchase costs,” CFO Tiina Tuomela said in a statement.

These costs, in turn, depend more on the price of gas.”

Reporting by Christoph Steitz Editing by Miranda Murray

Our standards: Thomson Reuters Trust Principles.

2023-02-17 11:01:05
Source – reuters

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