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E.ON sees Innogy deal boosting earnings in coming years

Reuters  |  FRANKFURT 

(Reuters) - , Germany's second-largest group, forecast its underlying net profit would remain broadly flat in 2018 but said that its joint plan with peer to carve up would help boost earnings in the coming years.

Adjusted net income will come to 1.3 to 1.5 billion euros ($1.60-1.85 billion) this year, compared with 1.4 billion in 2017, said on Monday.

The group said its bottom line would grow by 5 to 10 percent per year through 2020 but that the deal would help it surpass that target.

(Reporting by Maria Sheahan; Editing by Christoph Steitz)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 00:09 IST