Business
Uniper : begins 2026 with a good first quarter and affirms earnings forecast
Uniper : begins 2026 with a good first quarter and affirms earnings
About this update from Uniper Se
" style="display: inline-block; line-height: 1; vertical-align: bottom; padding: 0px; margin: 0px; text-indent: 0px; text-align: center;"> Share Share 2025 H1 Download Media Kit Preparing your download... Download An error occurred while preparing your download Düsseldorf, 12 May 2026 | 07:27 Europe/Berlin Uniper begins 2026 with a good first quarter and affirms earnings forecast Summary First-quarter adjusted EBITDA of €407 million and adjusted net income of €231 million both significantly above prior-year period and in line with management's expectations Improved net financial position and net cash position supported mainly by operating cash flow Forecast for fiscal year 2026 adjusted EBITDA and adjusted net income affirmed Operating business currently demonstrates stability even amid high price volatility Uniper delivers a good first quarter of 2026 As anticipated, Uniper started fiscal year 2026 with good financial results. In the first quarter of 2026, Uniper generated adjusted EBITDA of €407 million and adjusted net income of €231 million. Adjusted EBITDA and adjusted net income in the prior-year period amounted to −€139 million and −€143 million, respectively. Uniper is now more resilient to extreme market movements. Thanks to systematic risk mitigation, its operating business currently remains stable even amid high price volatility on energy markets due to the conflict in the Middle East. The Green Generation segment posted adjusted EBITDA of €250 million, which was at the prior-year level (Q1 2025: €246 million). Uniper's hydro and nuclear power business in Sweden benefited from higher price levels, especially in northern regions. This was caused by lower wind power output and dry weather in Scandinavia. The unscheduled unavailability of the Oskarshamn 3 power plant, which led to a reduction in power production, had an adverse impact. Earnings were also negatively affected by an unanticipated decline in water flow at the company's hydropower business in Germany. The Flexible Generation segment's adjusted EBITDA of €156 million was at the prior-year level (Q1 2025: €161 million), despite a smaller portfolio and lower output. Earnings were supported in particular by higher income from the U.K. capacity market. The Greener Commodities segment's adjusted EBITDA of €66 million was significantly above the prior-year period (Q1 2025: −€492 million). This performance is mainly attributable to Uniper's gas business. Multi-year optimization activities from the past - despite their overall positive economic impact - for the last time had a significant adverse effect in 2025, whereas this negative effect no longer exists in 2026. Adjusted net income of €231 million was well above the prior-year figure of −€143 million, thereby generally tracking Uniper's adjusted EBITDA performance. Thanks in particular to strong operating cash flow of €1,588 million, Uniper's economic net cash position of €4,394 million remains at a high level. Earnings forecast for fiscal year 2026 affirmed Uniper affirms the current-year forecast it published in March 2026. It continues to expect adjusted EBITDA in a range of €1.0 billion to €1.3 billion and adjusted net income of €350 million to €600 million. Uniper CEO Michael Lewis said: "Uniper is more resilient to extreme market movements than in the past. We don't currently source any LNG from the Middle East. Our broadly diversified gas and LNG procurement portfolio is well positioned to withstand geopolitical risks and the resulting market fluctuations. This enables us to help bolster Europe's security of supply." Uniper CFO Christian Barr said: "Our performance in the first quarter of 2026 lays a good foundation for the rest of the year and for achieving our earnings forecast. Even if energy markets remain volatile due to ongoing geopolitical tensions, we're confident that we'll meet our earnings forecast for full-year 2026." Tabelle Q1 2026 en Download Media Kit Preparing your download... Download An error occurred while preparing your download About Uniper Düsseldorf-based Uniper is a European energy company with global reach and operations in more than 40 countries. It has about 7,000 employees and plays a key role in ensuring a secure energy supply in Europe, particularly in its core markets of Germany, the United Kingdom, Sweden, and the Netherlands. Uniper's 18.5 gigawatts of power generating capacity make it a mainstay of reliable power production. Uniper is a leading gas trader and one of Northwestern Europe's most important LNG importers, and its broad procurement portfolio enhances supply security. Uniper's investments in renewables, hydrogen, and other low-carbon energy carriers propel the transformation of the energy system. Uniper provides energy and services to about 1,000 municipalities and industrial companies in its home market, Germany. Uniper is also Germany's largest operator of gas storage facilities and hydropower plants. Boilerplate This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.