E.ON bounced back to profitability in 2012, reporting a net income of €2.6bn ($3.4bn) compared to a deficit of €1.86bn last year, when it was crushed by falling European power prices and the impact of Germany’sdecision to phase out nuclear energy within a decade.
Yet despite emphasising its aggressive plans to consolidate its business, E.ON dynamited recent press reports suggesting it may spin off its renewables division.
