German utility E.ON AG (EONGY.PK) reported first-quarter earnings before interest, tax, depreciation and amortization or EBITDA, adjusted for extraordinary effects, of nearly 3.58 billion euros, down 5% from the prior-year figure of 3.77 billion euros. According to the company, divestments reduced the firm's earnings by 0.2 billion euros, lower output and narrower margins in fossil-fueled generation by 0.1 billion euros versus last year. Earnings were positively affected by 0.1 euros in cost savings delivered the E.ON 2.0 efficiency-enhancement program and by higher earnings at the Renewables unit, which resulted mainly from a growth in installed generating capacity, E.ON added.
On the other hand, quarterly net income attributable to shareholders advanced to 2.15 billion euros, or 1.13 euros a share, from 1.71 billion euros, or 0.90 euros a share, reported a year back. However, E.ON's underlying net income dropped year-on-year to 1.4 billion euros, from 1.7 billion euros. Alongside the EBITDA effects, this reflects a normalization of the company's tax rate. The decline was partially counteracted by slightly lower depreciation charges and interest expenditures.
Sales for the three-month period reached 35.88 billion euros, versus 35.73 billion euros in the previous year.
Further, the company confirmed its 2013 earnings forecast, still projecting EBITDA in the range of 9.2 billion euros - 9.8 billion euros and underlying net income of 2.2 billion euros - 2.6 billion euros.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.