E.ON Unveils New Targets for 2026; Extends Dividend Policy
22 Novembro 2021 - 2:52PM
Dow Jones News
By Giulia Petroni
E.ON SE on Monday unveiled new earnings and growth targets for
its core business as well as extended its current dividend policy
until 2026.
The German energy company said that it expects adjusted earnings
before interest, taxes, depreciation and amortization to grow at a
compound annual rate of about 4% from 2021 to 2026 to reach around
7.8 billion euros ($8.80 billion) in 2026. Adjusted earnings per
share are expected to grow at a compound annual rate of 8% to 10%
in the same period to reach about EUR0.90 in 2026.
E.ON said its total investment volume in the 2022-26 period
should be of approximately EUR27 billion. The company's core
business includes energy networks, customer solutions and corporate
functions.
The company added that it will extend its current dividend
policy with an annual growth rate of up to 5% until 2026. For
fiscal year 2021, the dividend is foreseen at EUR 0.49 per
share.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
November 22, 2021 12:37 ET (17:37 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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