- E.On’s first-quarter adjusted Ebitda beats estimates, coming in at EU2.75 billion, a 1.1% year-on-year increase. The estimate was EU2.69 billion.
- Adjusted Ebit was EU2.01 billion, a 1.5% year-on-year decline, well above the estimate of EU1.26 billion.
- Sales for the period were EU22.64 billion, showing a 33% year-on-year drop.
- Adjusted net income rose by 1.6% year-on-year to hit EU1.05 billion, exceeding the estimate of EU1.01 billion.
- The annual forecast for adjusted net income remains unchanged, expected to be between EU2.8 billion and EU3 billion. This aligns with the estimate of EU2.86 billion.
- Similarly, the company continues to forecast an adjusted Ebitda between EU8.8 billion and EU9 billion for the year, compared to the estimate of EU8.76 billion.
- E.ON confirms its outlook for the full year 2024 and is projecting an EPS between €1.07 and €1.15.
- The Group plans to significantly ramp up its investments in 2024 to about €7.2 billion, a substantial rise from the total investments of €6.4 billion in financial year 2023.
- In a broader perspective, E.ON has planned to invest a massive total of €42 billion across Europe through to 2028.
A look at E.ON Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, E.ON has a positive long-term outlook. With above-average scores in Dividend and Momentum, the company is demonstrating strong performance in rewarding shareholders and overall market momentum. Additionally, E.ON scores above average in Value and Growth, indicating a solid foundation for future growth and value creation. However, the company’s Resilience score is below average, suggesting potential vulnerabilities in withstanding adverse market conditions.
E.ON, as one of Europe’s largest operators in energy networks and infrastructure, with a focus on providing innovative customer solutions for millions of customers, is poised for continued growth and value creation. The company’s emphasis on dividends and momentum is likely to attract investors seeking stable returns and growth potential in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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