- E.ON increases planned investments across Europe from €33 billion to €42 billion for the years 2024 to 2028, focusing on energy networks and energy infrastructure solutions
- The company continues its successful growth path and surpasses forecast for the financial year 2023: Adjusted Group EBITDA increased to €9.4 billion, adjusted Group net income to €3.1 billion
- CEO Leonhard Birnbaum: 'This strong result is proof of our operating performance and the success of our investment and growth strategy.'
- About 3,000 additional employees hired
- Outlook: Adjusted Group EBITDA of €8.8 to €9.0 billion and adjusted Group net income of €2.8 to €3.0 billion expected for the financial year 2024
- Increased dividend of €0.53 per share proposed for 2023
E.ON consistently continued its successful growth path in 2023. Both of the Group’s business areas—Energy Networks and Customer Solutions—delivered full-year results that were significantly above prior-year level. E.ON will boost its future growth by again expanding its mid-term investment plan by about 30 percent relative to its previous five-year plan. From 2024 through 2028, the Group plans to invest €42 billion in Europe’s energy transition and thus in a secure, competitive, and sustainable energy system. About 70 percent of the investments will be made in Germany.
CEO Leonhard Birnbaum affirmed at today’s annual press conference: 'We again defied challenging circumstances in the financial year 2023. And we again delivered very good results that exceeded our expectations. For this, we owe our employees a big thank you. This result is proof of our operating performance and the success of our investment and growth strategy. It also shows that we increasingly benefit from our consistent strategic focus on energy networks and sustainable energy infrastructure and customer solutions. This makes E.ON one of the leading companies for the energy transition in Europe.'
Birnbaum spoke positively about E.ON’s future business outlook: 'What Europe needs now is intelligent energy infrastructure for sustainable, secure, and affordable energy. This is exactly what E.ON delivers, and we continue to systematically pursue this course. This means that we will continue to make massive investments to meet the rapidly growing demand for energy infrastructure. But it also means that we’re leading the way where others are hesitating. Playing a pioneering role in the energy transition makes E.ON strong.'
Click here for full announcement
Source: E.ON
