E.ON's EPS fall 19% to €1.49 in 2018

Wednesday, 13. March 2019 07:33

Earnings per share (EPS) of the German-based energy utility holding company E.ON SE declined by 19% for the whole of 2018 compared to 2017, standing at €1.49, it said in a report on Wednesday. Adjusted earnings before interest and tax (EBIT) was 3% lower for the same period, at €2.99 billion. The company also reported lower net income of €3.22 billion for the last year, which is 16% lower than in 2017. Net income attributable to shareholders fell from € 1.84 billion to €1.49 billion.

E.ON said its dividend per share increased by 43% to reach €0.43 in 2018. According to the financial release, the company's market capitalization contracted by 5% and totaled €18.7 in the reported period.

"We delivered an outstanding operating and financial performance for the third year in a row. As anticipated, our 2018 adjusted EBIT of roughly €3 billion was slightly lower than in the prior year and at the upper end of our forecast range. Adjusted net income of €1.5 billion actually surpassed the prior-year figure and was likewise at the upper end of our forecast range. What makes me particularly optimistic for the future is that 2018 was again a strong year operationally: our earnings were driven predominantly by the improvement of our business," said Chairman of the Management Board Johannes Teyssen.

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