Ad hoc announcement §15 WpHG
Spinoff in schedule
- German nuclear power remains with E.ON
- Impairment charges in the higher single-digit billion euro range
expected in the third quarter
- Outlook for full year 2015 reaffirmed
Today the E.ON Supervisory Board unanimously approved the management's proposal for the German nuclear business and related activities to remain at the future E.ON.
This does not affect the new corporate strategy and E.ON is planning to spin off a majority of Uniper with its businesses power generation in and outside Europe and global energy trading in 2016 to its shareholders. E.ON will focus on renewables, energy networks and customer solutions. E.ON has ceased to view its nuclear power business as a strategic asset
E.ON expects to record impairment charges in the higher single-digit billion euro range in the current quarter. This mainly reflects updated assumptions regarding persistently low wholesale prices for electricity and other commodities as well as the insufficient policy and regulatory environment and its impact on profitability. The non-cash effective impairment charges will result in E.ON reporting substantial negative net income for the 2015 financial year.
E.ON reaffirms its outlook for full-year 2015 (EBITDA of between EUR7.0 and EUR7.6 billion and underlying net income of between EUR1.4 and EUR1.8 billion).
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse EUREX; Mailand
- End of ad-hoc-announcement - 9. September 2015