E.ON 2021 Adjusted Earnings Rose; Issues 2022 Guidance
March 16 2022 - 2:02AM
Dow Jones News
By Giulia Petroni
E.ON SE on Wednesday said its adjusted earnings rose in the
full-year 2021 and issued guidance for 2022, though the impact of
the war in Ukraine can't be fully estimated at this time.
The German energy company said it recorded adjusted net income
of around 2.5 billion euros ($2.7 billion), up 53% on year.
Adjusted earnings before interest, taxes, depreciation and
amortization were about EUR7.9 billion, mainly driven by the
customer segment.
The company said it will start investigating its strategic
options for its district heating businesses in Norrkoping and
Orebro, Sweden, including the possibility of divestment.
Looking at the current year, E.ON said it expects adjusted net
income of between EUR2.3 billion and EUR2.5 billion and adjusted
Ebitda of EUR7.6 billion to EUR7.8 billion.
The company said its dividend proposal for 2021 is EUR0.49 a
share, and it aims to increase its dividend by up to 5% annually
through 2026.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 16, 2022 02:47 ET (06:47 GMT)
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