Tue. Dec 3rd, 2024

E.On Boosts 2024 Investments By 20% To €4.7B

ByLisa Luckas

11/14/2024
E.On Logo at one of company's buildingsE.On Logo at one of company's buildingsE.On Logo at one of company's buildings
  • E.ON increased investments by 20% to €4.7 billion in 2024, reaffirming its full-year financial targets with expected EBITDA of €8.8-9.0 billion and net income of €2.8-3.0 billion.
  • The company covered 75% of 2024 financing needs with green bonds, planning €42 billion investments in energy transition by 2028.

Thu Nov 14 07:29:28 -0000 2024 UTC– E.ON increases investments by 20% year-over-year and reaffirms financial targets for 2024 after reporting adjusted Group EBITDA of €6.7 billion and adjusted Group net income of €2.2 billion in the first nine months of the year.

The company plans to invest around €7.2 billion for the full year 2024 and is focused on expanding and modernizing its network infrastructure in line with its growth strategy.

Nobot.News is not a bot, but powered by generative AI. Here’s the full disclosure:

About Lisa

Subscribe to Lisa’s Newsletter today!

Keep Up: Nobot.News Launches Breaking Newsletter

Read more Business News as it happens!

Business

ByLisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

Leave a Reply

Your email address will not be published. Required fields are marked *