In a preliminary publication for fiscal year 2023, E.ON says it expects to report adjusted net income of 3.1 billion euros and adjusted EBITDA of 9.4 billion, above its target ranges of 2.7-2.9 and 8.6-8.8 billion respectively.

The positive trend in earnings for the first nine months of the year continued into the final quarter," emphasizes the German energy group, which exceeded expectations in both its energy networks and customer solutions divisions.

This strong performance for 2023 will not necessarily lead to an upward revision of consensus estimates for 2024," moderates Oddo BHF, noting that some of these results are due to favorable market conditions.

Copyright (c) 2024 All rights reserved.