FRANKFURT (dpa-AFX) - Eon shares significantly extended their moderate initial losses in the afternoon on Wednesday. They again fell below the 200-day line, which is regarded as a longer-term trend indicator and had protected the shares of the electricity producer several times in recent months. Most recently, the Eon share price fell by 3.4 percent to EUR 11.97. This means that the share price balance for the year to date is again slightly negative at minus 1 percent.

The milder weather and the absence of one-off effects led to a decline in earnings for the energy supplier in the first half of the year. While operating profit in the grid business remained almost at the previous year's level, it fell significantly in energy sales. Sales fell by around a quarter.

Nevertheless, analysts were largely satisfied with the figures. In operational terms, the company met expectations, wrote analyst Olly Jeffery from Deutsche Bank. Bernstein analyst Deepa Venkateswaran emphasized the strong balance sheet and the CEO's statement that the return on equity must be raised to an international level.

Goldman expert Alberto Gandolfi wrote that the energy supplier's first half year suggests that it is well on track to meet its annual targets and also consensus expectations./edh/jsl/jha/