DGAP-News: E.ON SE / Key word(s): Interim Report E.ON SE: E.ON's first-quarter results in line with expectations 08.05.2013 / 07:30 --------------------------------------------------------------------- E.ON's first-quarter results in line with expectations * As anticipated, EBITDA(1) and underlying net income below prior-year figures * Significant reduction in debt * Forecast confirmed: EBITDA expected to be EUR9.2 - EUR9.8 billion, underlying net income EUR2.2 - EUR2.6 billion E.ON SE recorded EBITDA of roughly EUR3.6 billion in the first quarter of 2013, EUR0.2 billion below the prior-year figure. Divestments reduced E.ON's earnings by EUR0.2 billion, lower output and narrower margins in fossil-fueled generation by EUR0.1 billion compared to the prior-year period. Earnings were positively affected by EUR0.1 in cost savings delivered the E.ON 2.0 efficiency-enhancement program and by higher earnings at the Renewables segment, which resulted mainly from an increase in installed generating capacity. E.ON's underlying net income declined from EUR1.7 billion in the prior-year period to EUR1.4 billion. Alongside the above-described EBITDA effects, this reflects a normalization of the company's tax rate. The decline was partially counteracted by slightly lower depreciation charges and interest expenditures. The E.ON Group's first-quarter investments declined by 21 percent year on year to EUR0.9 billion. Its operating cash flow of EUR1.6 billion was considerably higher than the prior-year figure of EUR0.4 billion. E.ON's economic net debt stood at EUR31.6 billion at March, 31, 2013, a decline of EUR4.3 billion from the figure at year-end 2012. The main reason for the improvement was that divestment proceeds and positive operating cash flow significantly surpassed investment expenditures. Net financial debt declined to EUR10.4 billion as of the first-quarter balance-sheet date. E.ON expects its full-year 2013 EBITDA to be between EUR9.2 and EUR9.8 billion. This forecast factors in the loss of earnings streams through asset sales under the company's ongoing divestment program. E.ON expects its 2013 underlying net income to be between EUR2.2 and EUR2.6 billion. (1)Adjusted for extraordinary effects. ---------------------------------------- This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments. End of Corporate News --------------------------------------------------------------------- 08.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: E.ON SE E.ON-Platz 1 40479 Düsseldorf Germany Phone: +49 (0)211 4579-0 Fax: +49 (0)211 45 79-5 01 E-mail: [email protected] Internet: www.eon.com ISIN: DE000ENAG999 WKN: ENAG99 Indices: DAX, EURO STOXX 50 Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse EUREX; Mailand End of News DGAP News-Service --------------------------------------------------------------------- 210196 08.05.2013