DGAP-News: E.ON AG: E.ON in strong position
(firmenpresse) - E.ON AG / AGM/EGM/AGM/EGM
06.05.2010 10:15
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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- Stable earnings in 2009
- Divestment target of at least EUR10 bn exceeded faster than planned
- Dividend proposal: EUR1.50 per registered share
- Second highest dividend yield of all DAX 30 companies
- From 2011, EUR1.5 bn annual savings through group-wide efficiency
programme
'In a crisis it becomes clear who has the necessary stamina and inner
stability. E.ON coped well last year. Thanks to our broad international
position and our competitiveness we were able to limit the effect of the
economic crisis for E.ON. We also remain an attractive investment for our
shareholders' - with these words the new CEO Johannes Teyssen, speaking at
E.ON's annual shareholders meeting, stressed the strength of E.ON over the
past business year. 'Our investment programme launched in 2007 focuses on
organic growth. We are building new power stations, gas storage facilities
and networks. And we will stick to this approach. Anyone who is focused on
looking after his customers, and through good service gains new ones, might
not expand as quickly as he would with acquisitions but in the final
analysis this growth is more sustainable,' Mr. Teyssen added.
Stable earnings in 2009 and second highest dividend yield in DAX 30
2009 was again a successful business year for E.ON. In a very difficult
environment E.ON was able to stay at the high level reached in the previous
year. Its adjusted EBITDA (earnings before interest, tax, depreciation and
amortisation) reached EUR13.5bn and was thus about 1% higher than in
2008; its adjusted EBIT amounted to EUR9.6 bn and was 2.3% lower than a
year earlier. Sales fell by 6% in 2009 to just under EUR82 bn. Given these
stable earnings, the Board of Management and the Supervisory Board are
proposing to today's shareholders meeting in Essen a dividend at the
prior-year level of EUR 1.50 per share. At 5.5%, E.ON thus offers the
second highest dividend yield of all DAX 30 companies.
Divestment target exceeded faster than planned
E.ON has made decisive steps in adjusting its investment portfolio by
divesting the extra-high voltage electricity grid, selling power station
capacities and Thüga and recently divesting the power and gas business of
E.ON US. By selling E.ON US, E.ON has already exceeded faster than planned
its target of achieving at least EUR 10 bn by the end of 2010 from the
divestment of interests.
From 2011, EUR 1.5 bn annually through the group-wide efficiency programme
In 2009, E.ON also implemented numerous efficiency measures as part of its
group-wide PerformtoWin programme. In particular, they include cost
reductions in the operation of the power station fleet as well as
improvements in the sale of power and gas products. As this programme
evolves further,E.ON will be able to tap into an earnings potential of
EUR1.5 bn annually from 2011 onwards.
Future position secured by a wide range of projects
Today, nobody can say what our energy supply will look like in 50 or 100
years time. E.ON is therefore committed to a broad range of energy
technologies that help to ensure a climate-friendly, reliable and
affordable energy supply. With forward-looking projects for the expansion
of renewables, modern gas, cleaner coal and nuclear power stations, smart
power grids and electric cars, E.ON is pursuing an open strategy in order
to meet the challenges of the future.
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This press release may contain forward-looking statements based on current
assumptions and forecasts made by E.ON Group management and other
information currently available to E.ON. Various known and unknown risks,
uncertainties and other factors could lead to material differences between
the actual future results, financial situation, development or performance
of the company and the estimates given here. E.ON AG does not intend, and
does not assume any liability whatsoever, to update these forward-looking
statements or to conform them to future events or developments.
Contact:
E.ON AG
Dr. Peter Blau
T. +49-211-4579-628
peter.blau(at)eon.com
Carsten Thomsen-Bendixen
T. +49-211-4579-544
carsten.thomsen-bendixen(at)eon.com
06.05.2010 10:15 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: E.ON AG
E.ON-Platz 1
40479 Düsseldorf
Deutschland
Phone: +49 (0)211 4579-0
Fax: +49 (0)211 45 79-5 01
E-mail: investorrelations(at)eon.com
Internet: www.eon.com
ISIN: DE000ENAG999
WKN: ENAG99
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Düsseldorf, München, Hannover, Stuttgart, Hamburg;
Terminbörse EUREX; Foreign Exchange(s) Mailand
End of News DGAP News-Service
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Datum: 06.05.2010 - 10:15 Uhr
Sprache: Deutsch
News-ID 20360
Anzahl Zeichen: 0
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Kategorie:
Business News
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