Innogy cuts outlook for retail unit on British market

FRANKFURT (Reuters) – German energy group Innogy (DE:) on Thursday cut the outlook for its retail division, which will soon be part of E.ON (DE:), as a price cap in the British market continued to weigh on profits.

The group now expects adjusted earnings before interest and tax (EBIT) of 200-300 million euros ($220-$331 million) at its retail unit in 2019, down from a previous outlook of 300-400 million.

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