German energy giant EON said yesterday it was confident of hitting its full-year targets after a strong set of third-quarter results as it pushes on with a complex restructuring.

The Essen-based group—which in recent years has suffered massive losses linked to the restructuring and to Germany’s retreat from nuclear power—reported a net profit of 247 million euros ($279 million) between July and September, compared with a loss in the same quarter last year.

Adjusted operating, or underlying profit grew 17 percent year-on-year, to 410 million euros, although revenues fell 13 percent to 7.3 billion.

Over the first nine months to September, adjusted operating profit rose 11 percent to 2.4 billion euros as EON booked higher sales and brought new wind farms online.

The group also managed to shrink its debt mountain by 3.9 billion euros, to 15.4 billion, after selling its stake in former fossil fuels subsidiary Uniper to Finland’s Fortum.