on E.ON SE (isin : DE000ENAG999)
E.ON Increases Investments and Reaffirms 2024 Outlook
E.ON SE has reported a solid performance for the first nine months of 2024, with investments up by 20% year-over-year, totaling €4.7 billion. The company remains on track to meet its full-year financial targets, expecting an adjusted Group EBITDA between €8.8 and €9.0 billion and net income between €2.8 and €3.0 billion.
Investment focus was on expanding and modernizing energy networks, improving customer service, and advancing e-mobility infrastructure. A significant portion was dedicated to enhancing network infrastructure and acquiring a share in a UK battery storage project.
E.ON issued over €4.8 billion in bonds, covering 75% of 2024's financing needs with green bonds, showing commitment to sustainable practices. This aligns with a broader investment of €42 billion planned for the energy transition in Europe between 2024 and 2028.
R. P.
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