E.ON: adjusted earnings stable in Q1
The German energy group reports that it pursued its growth strategy over the period and increased capital expenditure by almost 25%, with the majority of investments of around €1.3 billion in network infrastructure.
In view of these results, E.ON confirms its annual targets of adjusted net income of between 2.8 and 3 billion euros (or EPS of 1.07 to 1.15 euros), adjusted EBITDA of between 8.8 and 9 billion euros, and capital expenditure of around 7.2 billion euros.
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