- Published: 10 August 2016 10 August 2016
E.ON concluded the first half of the year with solid operating results in its core business. Adjusted EBIT in the core business (Energy Networks, Customer Solutions, and Renewables) of just under € 1.7 billion was € 200 million, or 15 per cent, above the prior-year figure (€ 1.5 billion).
Adjusted Group EBIT, which includes the Non-Core Business segment and discontinued operations, declined by 6 per cent to € 2 billion. Adjusted net income declined by € 232 million, or 28 per cent, to € 604 million. E.ON affirms its forecast for full-year 2016. Renewables’ adjusted EBIT rose by € 53 million to € 254 million. Although Onshore Wind/Solar’s adjusted EBIT decreased primarily owing to negative price effect and positive one-offs in the prior year. Offshore Wind/Other’s adjusted EBIT rose by € 150 million, mainly because Amrumbank West and Humber Gateway wind farms were fully operational for the entire period in the current year. The company expects Group adjusted EBIT of € 2.7 to € 3.1 billion and adjusted net income of € 0.6 to € 1 billion.