Uniper Se (UNPRF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Uniper Analyst and Investor Conference Call, First Quarter Results 2026. At our request, this conference will be recorded. As a reminder, all participants will be in a listen-only mode. After the presentation, there will be an opportunity to ask questions by dialing star 1 on your telephone. May I now hand you over to the Executive Vice President, Group Finance and Investor Relations, Sebastian Veit, who will start the meeting today. Please go ahead. Thank you, operator, and good morning, everyone. I'm pleased to welcome you to our results call on the first quarter results 2026. Next to me on today's call, Michael Lewis, our Chief Executive Officer, and Christian Barr, our Chief Financial Officer. Michael will present company highlights, all of our Christian covering financial results for Q1 2026. And as usual, we will wrap up with a Q&A session at the end. And now, let me hand over to Michael Lewis, please. Thanks, Sebastian. And very good morning, everyone, from my side. And thanks very much for joining the call. And let me start by highlighting the results for the first quarter. And I'm pleased to say we had a very good start into the financial year of 2026. Our operational earnings in the first quarter matched our expectations as presented during our full year 2025 investor analysis call in March. Group adjusted EBITDA ended up with €407 million, whilst group adjusted net income reached €231 million. And this performance was achieved despite the heightened geopolitical tensions We know the conflict in the Middle East and its impact on the key global supply routes caused significant volatility in commodity prices during March. An uncertainty about the length of the conflict prevails and this continues to influence markets as a ...