Innogy takeover boosts E.ON's first-quarter results

FRANKFURT (Reuters) - German energy firm E.ON on Tuesday reported that operating profit rose by nearly a quarter in the first quarter, helped by the takeover of the energy grids and retail assets of Innogy .The group also stuck to its outlook for the current year, but said that falling electricity demand caused by the coronavirus pandemic would result in a hit of up to 99 million euros ($107 million) in 2020.