E.ON posts stable Q1 profits, raises investments by a quarter
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2024
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Should l Buy ?
Source: reuters
- E.ON's First-Quarter Performance: E.ON reported stable first-quarter profits with a 1% increase in adjusted core profit (EBITDA) at 2.745 billion euros and a 2% rise in adjusted net profit at 1.047 billion euros.
- Increased Investments: The company noted that investments rose by approximately 25% as it focuses on expanding spending on energy grids.
- Financial Outlook: E.ON confirmed its financial outlook for the year, expecting adjusted EBITDA to be between 8.8 billion and 9 billion euros and adjusted net profit to range from 2.8 billion to 3.0 billion euros.
- Analysts' Expectations: Analysts, according to a poll provided by the company, had anticipated slightly higher figures with an average expectation of 8.9 billion euros for adjusted EBITDA and 2.9 billion euros for adjusted net profit.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
