Germany: E.ON Expects EBITDA Rise

For the first 6 months of 2012 E.ON expects its group EBITDA to be around EUR 6.7 billion (prior year: around EUR 4.3 billion) and its underlying net income to be around EUR 3.3 billion (prior year: around EUR 0.9 billion), the company said in a statement.

The extraordinary increase results from the positive effect published with E.ON’s ad-hoc announcement as of July 3, 2012, i.e. mainly the settlement with Gazprom, and the discontinued 2011 negative one-off-effects from the German nuclear phase-out, the company said.

These effects will also continue to show in the quarters to come.

E.ON confirms its increased outlook for 2012, already announced on July 3, 2012, expecting full year EBITDA to be between EUR 10.4 and EUR 11 billion and full year underlying net income to be between EUR 4.1 and 4.5 billion, E.ON added.

[mappress]
LNG World News Staff, August 07, 2012; Image: E.ON