E.ON Backs Guidance as Energy Infrastructure Investments Continue
By Dominic Chopping
E.ON backed its guidance for the year as it continues to boost its investments across Europe's energy infrastructure.
The Germany-based electric utility group booked third-quarter adjusted net profit of 278 million euros, equivalent to $310.4 million, down from the 291 million euros it booked in the same period last year and above the 268 million euros expected in a Vara consensus.
Adjusted earnings before interest, taxes, depreciation and amortization slipped to 1.7 billion euros from 1.76 billion euros, in line with the 1.7 billion euros expected in a Vara consensus.
Investment-driven growth in assets across regulated energy networks in Germany and other European markets, along with an accelerated smart-meter rollout, continued to support earnings, it said. The commissioning of new projects for industrial and commercial customers was a key growth driver in energy infrastructure, the company added.
E.ON invested 5.2 billion euros in the first nine months of the year as it continued to focus on the expansion, modernization and digitalization of energy networks.
"The next phase of the energy transition requires high-performing networks, greater flexibility in the energy system and even more intelligent solutions for customers," said Chief Financial Officer Nadia Jakobi.
It still expects to invest around 8.7 billion euros this year, with adjusted Ebitda between 9.4 billion and 9.6 billion euros and adjusted net income of between 2.7 billion and 2.9 billion euros.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 11, 2026 01:53 ET (06:53 GMT)
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