E.ON Exceeds Guidance on Adjusted Earnings, Income

By Mauro Orru

E.ON SE exceeded its own guidance on adjusted earnings and income for the year, according to preliminary figures.

The German energy company said Tuesday that adjusted earnings before interest, taxes, depreciation and amortization should come in at roughly 8 billion euros ($8.58 billion) for 2022, above its forecast of EUR7.6 billion to EUR7.8 billion.

Adjusted net income amounts to about EUR2.7 billion, above its forecast of EUR2.3 billion to EUR2.5 billion.

"Especially due to the addition effect of the segment results and the higher-than-expected development in the non-core business segment in the past financial year, the preliminary financial results for the group are above expectations," the company said in a statement.

E.ON said it would publish full results on March 15.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

February 07, 2023 12:38 ET (17:38 GMT)

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