E.ON: reduces FY targets
(CercleFinance.com) - E.
ON has announced that it is reducing its FY 2020 estimates, now anticipating adjusted net income of 1.5-1.7 billion euros, vs. 1.7-1.9 billion euros previously, with adjusted operating profit of 3.6-3.8 billion euros, vs. 3.9-4.1 billion euros previously.
The German energy group explains that these new forecasts take into account "the effects of the COVID-19 pandemic that are already foreseeable today". E.ON nevertheless reaffirms its medium-term targets and its dividend policy.
For the first six months of 2020, E.ON posted an adjusted net profit of 933 million euros, compared to 1.05 billion euros a year earlier, as well as an adjusted operating profit of around 2.2 billion euros, compared to 2.3 billion euros in the first half of 2019.
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ON has announced that it is reducing its FY 2020 estimates, now anticipating adjusted net income of 1.5-1.7 billion euros, vs. 1.7-1.9 billion euros previously, with adjusted operating profit of 3.6-3.8 billion euros, vs. 3.9-4.1 billion euros previously.
The German energy group explains that these new forecasts take into account "the effects of the COVID-19 pandemic that are already foreseeable today". E.ON nevertheless reaffirms its medium-term targets and its dividend policy.
For the first six months of 2020, E.ON posted an adjusted net profit of 933 million euros, compared to 1.05 billion euros a year earlier, as well as an adjusted operating profit of around 2.2 billion euros, compared to 2.3 billion euros in the first half of 2019.
Copyright (c) 2020 CercleFinance.com. All rights reserved.