E.ON Kicks Off Fiscal Year with Strong Earnings and Boosted Investments

• E.ON SE starts the financial year 2024 with robust earnings and accelerated investments, increasing investments by almost 25 percent year-over-year.
• The majority of the investments, around €1.3 billion, were made in network infrastructure.
• The company's adjusted Group EBITDA was roughly €2.7 billion, at the same level as the prior year’s quarter.
• E.ON anticipates adjusted Group EBITDA of €8.8 to €9.0 billion and adjusted Group net income of €2.8 to €3.0 billion for the full year 2024.
• E.ON invested about €1.3 billion in Europe’s energy transition in the first three months of the financial year, with most investments going towards the company’s Energy Networks business.
• The company plans to invest a total of €42 billion across Europe through 2028 to expand its investments in the sustainable transformation of Europe's energy infrastructure.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at E.ON is on 15.05.2024.

The price of E.ON at the time of the news was 13,158EUR and did not change compared to the previous day.
19 minutes after the article was published, the price was 13,163EUR this corresponds to a plus of +0,04 % since publication.
At this time, the index DAX was at 18.776,00PKT (+0,02 %).

E.ON

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ISIN:DE000ENAG999WKN:ENAG99

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