After a down (but in line) in H1, the group showed a recovery in Q3. E.On’s adjusted EBIT was up 20% to €491m. Thanks to this and a more optimistic view of the conditions for Innogy’s integration, E.On slightly increased its EBIT annual guidance. The mid-point is up by 6%, to €3.1-3.3bn. The dividend remains unchanged, but the stock is already trading at an attractive yield of ~5%. Positive view confirmed.
29 Nov 2019
Q3: Re-assuring
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Q3: Re-assuring
E.ON SE (EOAN:WBO) | 0 0 1.3% | Mkt Cap: 17,847m
- Published:
29 Nov 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
After a down (but in line) in H1, the group showed a recovery in Q3. E.On’s adjusted EBIT was up 20% to €491m. Thanks to this and a more optimistic view of the conditions for Innogy’s integration, E.On slightly increased its EBIT annual guidance. The mid-point is up by 6%, to €3.1-3.3bn. The dividend remains unchanged, but the stock is already trading at an attractive yield of ~5%. Positive view confirmed.