Uniper posts profit drop at Global Commodities segment

Stock SectorMay 8, 20181min9
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FRANKFURT (Reuters) – Energy group Uniper <UN01.DE> on Tuesday said operating profit at its global commodities segment fell 42 percent in the first quarter, hit by a cold spell in Europe that came after the group had already hedged energy prices.

The company, in which Fortum <FORTUM.HE> is seeking a 47 percent stake, said adjusted earnings before interest and tax (EBIT) came in at 134 million euros (118 million pounds) at the unit.

(Reporting by Christoph Steitz; Editing by Maria Sheahan)

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