E.ON SE reports Q1 results; reaffirms FY2024 guidance and FY2028 targets

E.ON SE Q1 Financials:

• Q1 Revenue was €22.64B, a decrease of 32.5% Y/Y.
• Adjusted net income reported as €1,047M.
• Operating cash flow before interest and taxes (OCFbIT) stood at -€682M.

E.ON SE Future Projections:

• FY 2024 guidance and FY 2028 targets confirmed, including dividend policy.
• Investment ramp-up progressing well, with plans to boost European investments to €42B by 2028.

Financial Projections:

• EBITDA for Energy Networks, Energy Infrastructure Solutions, and Energy Retail expected to increase by FY 2028.
• Adjusted net income and EPS projected to rise by FY 2028.

Dividend and Capex Plans:

• Dividend expected to increase up to 5% annually.
• Capital expenditure (Capex) aligned with EU Taxonomy, aiming for over 95% alignment by FY 2028.

Financial Metrics:

• Return on capital employed (ROCE) target set at 8-9%.
• Debt factor aimed to be maintained at or below 5.0x.