Uniper writes a loss of 40 billion euros

Uniper headquarters in Düsseldorf

The minus of the group is growing every day.

(Photo: dpa)

Dusseldorf The energy company Uniper, which is about to be nationalized, made a loss of around 40 billion euros in the first nine months of 2022. The company announced this on Thursday morning as part of its presentation of the quarterly figures.

The loss of Uniper is so gigantic that an equivalent case can hardly be found in German company history. In 2002, only Deutsche Telekom was in a similar situation. But even they reported a yearly loss of “only” 25 billion euros.

At Uniper, the loss includes around ten billion euros in costs for the procurement of replacement gas. Around 31 billion euros come from expected future losses because Russia no longer supplies gas to Germany.

The loss is so high that it accounts for more than half of Uniper’s share capital. The Düsseldorf-based company had already announced last week that the loss would be “in the tens of billions”.

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