Uniper posts a net loss of around 12 billion euros for the first half of 2022.

Uniper: Procurement crisis brings double-digit billion loss

Düsseldorf - The war-related gas crisis is causing Uniper a loss of billions. Due to drastic supply cuts from Russia, the company incurred a net loss of 12.4 billion euros in the first half of the year. The precarious situation makes Uniper the biggest beneficiary of the coming gas levy. At the same time, the management hopes to be back in the black in 2024...
  • Excess profits tax could raise up to 100 billion euros annually

    Berlin - An excess profits tax could bring the German treasury between 30 and 100 billion euros annually, depending on the design and tax rate. This is the result of a study by the Netzwerk Steuergerechtigkeit (Tax Justice Network) commissioned by the Rosa-Luxemburg-Stiftung...
  • Udo Engel leaves ailing utilities company

    Bad Säckingen - The managing director of the financially troubled Stadtwerke Bad Säckingen, Udo Engel, will resign from his post at the end of the year...
  • Bankruptcies feared: Industry and consumer protection groups criticise gas levy

    Berlin - Germany's competitiveness and jobs are coming under further pressure due to the planned special levy on gas. Stakeholders beliebe it is "massively endangering" Germany as a business location and call on the federal government to reconsider quickly. The government defends the step as "necessary"...
  • Nordex remains deep in the red

    Hamburg - Wind turbine manufacturer Nordex has reported losses for the first half of 2022. Earnings before interest, taxes, depreciation and amortisation came to minus 173.3 million euros. In the first half of the previous year, the Hamburg-based company had been in the black...
  • Vattenfall wins Rheinenergie for "VLINK"

    Cologne - With Cologne-based Rheinenergie, the energy group Vattenfall has gained a renowned new customer for the digital sales platform "VLINK". In future, the Cologne-based energy supplier will work with the white-label platform for its heating and charging infrastructure products....
  • Anja Lemke becomes new managing director of Stadtwerke Sondershausen

    Sondershausen - Supervisory board members and shareholder representatives of Stadtwerke Sondershausen have unanimously appointed Anja Lemke as the new managing director of the municipal utility company Stadtwerke Sondershausen...
  • New Managing Director for EWE Trading

    Oldenburg/Bremen - The northern German energy supplier EWE is making new appointments to the management of its trading subsidiary. Thomas Rupp will join the management team of EWE Trading on 15 August...