E.ON 2021 Adjusted Earnings Rose; Issues 2022 Guidance

   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 [e-mail]

(END) Dow Jones Newswires

March 16, 2022 02:47 ET (06:47 GMT)

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