Consequences of the gas crisis: further capital injections for Uniper?

Consequences of the gas crisis: further capital injections for Uniper?

The energy group Uniper made a profit in the first quarter. Nevertheless, the board of directors considers further capital increases by the federal government to be very likely in the future.

The nationalized energy company Uniper will probably continue to need fresh money from the federal government in the future. The Uniper Management Board considers the implementation of further capital increases to be “very likely”, according to the quarterly report published in Düsseldorf.

At the moment, however, Uniper does not need any additional equity from the federal government. The energy supplier has already received over 13 billion euros in state aid. A further 19.5 billion euros can still be accessed if required.

Last year, due to the lack of deliveries from Russia, Uniper had to buy a lot of gas at higher prices on the market, which led to enormous losses and ultimately required the federal government to get involved in order to avert a collapse.

The preliminary figures for the first three months of the year, which were presented at the end of April, have now been confirmed. Accordingly, the Uniper shareholders accounted for a profit of 6.7 billion euros in the first quarter. In addition to the lower energy prices, the reversal of provisions for anticipated losses also had a positive effect. The largest shareholder is the federal government with over 99 percent.

Source: Stern

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