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Germany's E.ON 9M adjusted EBITDA flat; keeps forecast

By Reuters News


Overview

  • Europe's largest energy grid operator's 9M adjusted EBITDA was flat yr/yr at €7.1 bln

  • Adjusted net income for 9M rose 4% to €2.2 bln

  • Company reaffirmed 2026 guidance and mid-term outlook through 2030


Outlook

  • E.ON reaffirms 2026 adjusted EBITDA guidance of EUR9.4-9.6 bln

  • Company maintains 2026 adjusted net income forecast of EUR2.7-2.9 bln

  • E.ON reaffirms mid-term outlook through 2030


Result Drivers

  • NETWORK INVESTMENTS - Growth in regulated asset base and smart-meter rollout supported earnings, partly offset by deconsolidation and asset sales

  • NEW PROJECTS - Commissioning of projects for industrial and commercial customers drove Energy Infrastructure Solutions earnings

  • UK MARKET EFFECTS - Expiration of legacy contracts and temporary effects weighed on UK industrial/commercial earnings, partly offset by gains in residential business


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Adjusted Net Income

EUR 2.20 bln

9M Adjusted EBITDA

EUR 7.10 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the multiline utilities peer group is "buy"

  • Wall Street's median 12-month price target for E.ON SE is €21.00, about 9.7% above its November 10 closing price of €19.15

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago


Reuters Recommended Reads

  • Nov 11 - E.ON meets nine-month forecasts as grid investment ramps up

  • Nov 11 - RWE posts 9-month core earnings above expectations on favourable conditions

  • Nov 10 - Uniper reports 60% increase in nine-month core profit


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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