UPDATE 1-Uniper raises payouts as group transformation takes hold [Reuters]
FORTUM OYJ CP UNSP/ADR (FOJCY)
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Source: Reuters
UPDATE 1-Uniper raises payouts as group transformation takes hold * Now targets div increase of 28% in 2019 vs 18.5% * Expects 2020 EBIT of 750 mln eur to 1 bln eur * Sees 2020 dividend of 1.37 eur per share (Recasts, adds CEO quote, details) FRANKFURT, March 10 (Reuters) - Uniper on Tuesday exceeded dividend forecasts for 2019 and this year, increasing its appeal to investors as top shareholder Fortum moves closer to taking control of the German energy group. Uniper, whose operations span coal, gas and hydro plants, said payouts would rise by 28% in 2019 and 18.8% in 2020, adding that it aimed for climate-neutral power production in Europe by 2035. “Between now and 2040, global energy demand will increase significantly. At the same time, carbon emissions must be permanently reduced and the energy supply become climate-friendlier,” CEO Andreas Schierenbeck said. “Uniper’s unique portfolio enables it to be part of the solution to this global challenge.” The group, which said it would s
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