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E.ON Unveils New Targets for 2026; Extends Dividend Policy

11/22/2021 | 12:37pm

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

11-22-21 1237ET

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