Adjusted EBIT at around €1.6 billion
Adjusted net income at around €0.4 billion
innogy SE closed fiscal 2019 below the previous year, as anticipated, and achieved the outlook amended in November 2019. The company recorded adjusted EBIT amounting to €1,615 million, which was around 23 percent below the previous year's figure. Adjusted net income amounted to €427 million, a reduction of around 39 percent. The main reasons for the decline in results were regulatory interventions in the British retail business in relation to introducing the price cap for standard tariffs and intense competitive pressure. Furthermore, higher grid fees and wholesale prices
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