12.11.2014
E.ON SE DE000ENAG999
DGAP-News: E.ON SE: E.ON affirms 2014 forecast
DGAP-News: E.ON SE / Key word(s): Interim Report
E.ON SE: E.ON affirms 2014 forecast
12.11.2014 / 07:30
---------------------------------------------------------------------
E.ON affirms 2014 forecast
* Adjusted for portfolio and currency-translation effects, EDITDA above
prior-year level
* Renewables' share of earnings rises to 17 percent
* Economic net debt reduced by EUR1.2 billion
E.ON today reported nine-month earnings that were in line with its
expectations. It therefore continues to anticipate full-year 2014 EBITDA of
EUR8 to 8.6 billion and underlying net income of EUR1.5 to EUR1.9 billion.
Nine-month EBITDA declined by seven percent year on year to EUR6.6 billion.
The absence of earnings streams from divested companies and adverse
currency-translation effects were the main factors. On a like-for-like
basis-that is, adjusted for portfolio changes and currency-translation
effects-E.ON's EBITDA was above the prior-year level.
EBITDA at the Renewables segment is growing continually and this year has
again surpassed EUR1 billion. Renewables' share of E.ON's total EBITDA,
which was 17 percent at nine months, is rising. The Generation segment,
which encompasses conventional and nuclear power generation in Germany and
other European markets, posted higher EBITDA thanks to non-recurring
effects such as the savings in nuclear-fuel taxes resulting from the
planned early decommissioning of Grafenrheinfeld nuclear power station.
Earnings were also higher at the Exploration & Production segment, which
delivered EBITDA of EUR0.9 billion.
"Our nine-month results have us on course for our full-year forecast," E.ON
CFO Klaus Schäfer said. "We're working continually to improve our
performance and to optimize our portfolio. Our cost-cutting program is
making very good progress, and we've already met our full-year target of
achieving EUR1.2 billion in lasting savings. At the nine-month mark we also
reduced our debt by EUR1.2 billion, in particular because of the positive
development of our operating cash flow."
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.
---------------------------------------------------------------------
12.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP 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
---------------------------------------------------------------------
296615 12.11.2014
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
E.ON SE ISIN: DE000ENAG999 können Sie bei EQS abrufen
Stromversorger , ENAG99 , EOAN , XETR:EOAN