Uniper holds virtual AGM and emphasizes its diversification of gas procurement sources going forward

On the basis of the COVID-19 Act, this year's Annual General Meeting of Uniper SE was held virtually again. The Annual General Meeting adopted the resolutions on the agenda items with a large majority in each case, approved the 2021 remuneration report and re-elected all shareholder representatives on the Supervisory Board. The voting results will also be available shortly on Uniper's website under Annual General Meeting 2022 | Uniper

Uniper has achieved its 2021 financial targets in a challenging market environment

In the past financial year 2021, Uniper significantly exceeded its prior-year earnings and recorded an adjusted EBIT of €1,187 million. The increase of nearly 19 percent compared to the prior-year figure was mainly attributable to a strong performance of the Global Commodities segment. Adjusted net income largely tracked adjusted EBIT and, at €906 million, was also significantly above the prior-year figure.

The Annual Shareholders Meeting approved a total dividend payment of approximately €26 million for the 2021 financial year, which corresponds to €0.07 per share. Taking the continous high volatility of the energy markets into account as well as the geopolitical situation, and the increasing momentum of the European energy transition, Uniper is placing a stronger focus on liquidity and investment capability.

Based on the assumptions for the remainder of the fiscal year 2022, Uniper expects an adjusted EBIT of €1.0 billion to €1.3 billion and adjusted net income of €0.8 billion to €1.1 billion for the full year.

Uniper CEO Klaus-Dieter Maubach says: "2021 was a successful, albeit turbulent year - in particular, the extreme price developments in the commodity and energy markets were a major challenge that we were able to overcome though."

Uniper strongly condemns Russian invasion of Ukraine

With its war against Ukraine, Russia is breaking international law and the principles of the UN Charter. Maintaining existing energy flows while finding ways and means to make the gas supply for Germany and Europe more diverse in the long term and thus less vulnerable to geopolitical risks is of relevance to the entire economy. In the short term, however, a restriction of Russian gas supplies would severely damage the industry and society as well. Uniper's objective is therefore to act in concert with the governments of the European countries in which Uniper operates-especially with the German federal government. Uniper plays a central role in supplying gas to the German and European markets. In addition to diversifying its gas procurement sources, Uniper aims to expand its renewables business.

Uniper CEO Klaus-Dieter Maubach says: "We are further accelerating the diversification of our portfolio, a process we already initiated. We are doing this by expanding our LNG portfolio and procuring additional volumes of liquefied natural gas from various sources and countries. In this way, we are helping to make Germany's energy supply more secure. Hardly any other industry is as important in the current situation as ours. More than ever, the energy industry is systemically important-and so is Uniper, Germany's largest gas supplier. We're aware of this responsibility."

About Uniper

Uniper is a leading international energy company, has around 11,500 employees, and operates in more than 40 countries. The company plans for its power generation business in Europe to be carbon-neutral by 2035. Uniper’s roughly 33 GW of installed generation capacity make it one of the world‘s largest electricity producers. The company's core activities include power generation in Europe and Russia as well as global energy trading and a broad gas portfolio, which makes Uniper one of Europe’s leading gas companies. In addition, Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply. 

The company is based in Düsseldorf and is one of Germany’s largest publicly listed energy supply companies. Together with its main shareholder Fortum, Uniper is also Europe’s third-largest producer of zero-carbon energy.