CFO Spieker continues to expect strongly fluctuating influences on the electricity supplier’s business.
(Photo: dpa)
A leap in earnings in the first quarter means that the Eon board is somewhat more optimistic about the year as a whole. He currently expects to reach the upper end of the forecast range for adjusted operating profit, adjusted net income and earnings per share, the energy supplier announced on Wednesday in Essen when presenting the quarterly figures.
The expected range for adjusted group cash flow before taxes (Ebitda) is between 7.8 and eight billion euros and for adjusted group net income between 2.3 and 2.5 billion euros.
CFO Marc Spieker expects the business to continue to fluctuate. Compared to the current market environment, the forecast therefore also takes into account the possibility of a further deterioration in the further course of the year, he said according to the announcement. In the first three months of the year, Eon benefited from the higher electricity prices passed on to its customers, among other things.
Earnings before interest, taxes, depreciation and amortization adjusted for non-operating effects rose in the first quarter by 30 percent to just under 2.72 billion euros, more than analysts had expected.
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