E.ON AG: Adjusted EBIT 20 percent increase on prior-year figure, pro forma outlook for 2010 unchanged
The Düsseldorf-based energy company E.ON increased its adjusted EBIT by 20 percent to about € 3.7 billion in the first quarter of 2010 (prior year: € 3.1 billion). This increase in earnings is mainly due to success in the retail business and improved results at E.ON Energy Trading. Furthermore, the first prior-year quarter was affected by the financial and economic crisis.
For 2010 as a whole, an increase in the adjusted EBIT of between 0 and 3 percent and an adjusted net income for the Group at the prior-year level are expected as before.
Details of the results for the first quarter of 2010 will be published by E.ON on May 11, 2010. The results will be first examined by the audit and risk committee of the Supervisory Board.
E.ON AG E.ON-Platz 1 40479 Düsseldorf Deutschland / Germany ISIN: DE000ENAG999 (DAX) WKN: 761440 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München and Stuttgart; Eurex – End of ad hoc announcement – May 4, 2010