- **E.On’s Adjusted EBIT (Earnings Before Interest and Taxes) for the first half of 2024** is €3.35 billion, meeting estimates of €3.32 billion. This is a 22% decrease year over year.
- **Sales for the first half of 2024** total €39.53 billion, down 25% from the previous year.
- **Adjusted Net Income for the first half of 2024** is €1.75 billion, slightly below the estimate of €1.85 billion. This is a 24% decrease year over year.
- **Year-End Forecast** still predicts adjusted net income between €2.8 billion and €3 billion, with current estimates at €2.87 billion.
- **Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)** is forecasted to be between €8.8 billion and €9 billion for the year, in line with the estimate of €8.95 billion.
- **Investments in the energy transition** increased to €2.9 billion in the first half of 2024, which is about €500 million more than the same period last year.
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 shows a solid overall outlook with a strong dividend and momentum score. E.ON’s focus on providing innovative energy solutions to its large customer base positions it well for long-term growth. While the company has room for improvement in the areas of value and resilience, its robust dividend and momentum scores suggest a positive trajectory in the future. E.ON’s status as one of Europe’s major players in energy networks and infrastructure further underlines its potential for sustained success in the long run.
E.ON, as a key player in Europe’s energy landscape, has a diversified business model that encompasses energy networks and customer solutions. The company’s above-average scores in dividend and momentum factors indicate a promising outlook for investors looking towards the long term. With a focus on innovation and a vast customer base, E.ON is well-positioned to capitalize on evolving energy needs and market trends. While there are areas for improvement, such as value and resilience, E.ON’s strong presence in the industry sets a solid foundation for future growth and sustainability.
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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