FRANKFURT, May 12 (Reuters) - German state-owned utility Uniper is keeping its outlook for 2026 after turning a core profit in the first quarter, it said on Tuesday, adding it was well-shielded against energy price swings against the backdrop of the Iran war.
"Uniper is more resilient to extreme market movements than in the past. We don't currently source any LNG from the Middle East," Chief Executive Michael Lewis said.
"Our broadly diversified gas and LNG procurement portfolio is well positioned to withstand geopolitical risks and the resulting market fluctuations," he added.
Reporting by Christoph Steitz, Editing by Friederike Heine
Source: Reuters