- Published: 14 November 2018 14 November 2018
At the nine-month mark E.ON remains on course operationally, financially, and strategically. Adjusted EBIT of roughly €2.4 billion was 11 percent above last year’s number (€2.1 billion), due in part to seasonal factors.
Adjusted net income of €1.2 billion surpassed the prior-year figure of around €1.0 billion by 25 percent. E.ON continues to expect the Group’s full-year adjusted EBIT to be between €2.8 billion and €3.0 billion and its full-year adjusted net income to be between €1.3 billion and €1.5 billion. E.ON now anticipates that both earnings metrics will be in the upper half of their respective forecast range.
Sales at the Renewables segment rose by 7 percent, from €1.1 billion to €1.2 billion, primarily because of higher output due to the commissioning of new offshore and onshore wind farms. This segment’s adjusted EBIT increased by 14 percent, from €248 million to €283 million.