FRANKFURT (dpa-AFX) - A profit warning from the Austrian energy company Verbund put pressure on the entire sector in Europe on Friday. RWE and Eon shares were also hit early in the morning, losing around one percent each in line with the European sector index Stoxx Europe 600 Utilities.

The energy giant Verbund had previously surprised investors with the news that its own earnings outlook deviated significantly from current market expectations. Among other things, the rapid decline in wholesale prices for electricity and a more difficult grid business are reportedly putting pressure on the Austrian company's results. RWE also pointed out the significant drop in wholesale prices at the end of January and therefore predicted a lower result for 2024 than in the strong previous year./tav/men