(Finance) – E.ONa German energy giant, closed the 2023 with a Adjusted EBITDA equal to 9.4 billion euros, higher than the previous forecast of 8.6-8.8 billion euros. In particular, it recorded an adjusted EBITDA for the Energy Networks segment of 6.6 billion euros (forecast: 6.3-6.5 billion euros) and an adjusted EBITDA for the Customer Solutions segment of 2.8 billion euros (forecast: 2.3-2.5 billion euros).
L’adjusted net profit is 3.1 billion euros (forecast: 2.7-2.9 billion euros), while theadjusted earnings per share is 1.18 euros (forecast: 1.03-1.11 euros)
“The positive development of adjusted EBITDA and adjusted net income for the first nine months of 2023 is continued into the last quarterexceeding forecasts”, we read in a note.
“In the Energy Networks segment, financial results were once again above expectations in the fourth quarter, mainly due to operational effects in almost all countries – it is explained – Furthermore, in the fourth quarter the positive temporary effects in Germany, which will be returned to customers in subsequent years, and one-off regulatory effects in Slovakia. In the Customer Solutions segment, the guidance included a contingency against possible negative effects (at the end of the year) arising from a possible deterioration of the energy market environment, which did not materialize.”