The earnings call presented a mixed picture. While the company reported solid financial results and investment-driven growth, there were notable challenges related to regulatory issues, reduced EBITDA due to one-offs, and weather-related impacts on specific segments. The balance sheet remains healthy, but future economic net debt levels are a concern.
Company Guidance
During the Q3 2024 earnings call, E.ON executives provided comprehensive financial guidance and updates. The company reported a 9-month EBITDA of EUR 6.7 billion and an adjusted net income of EUR 2.2 billion, which covers 75% of the full-year guidance midpoints. Investment-driven earnings growth and operational execution were highlighted as key drivers, with planned investments increasing by 20% year-over-year. E.ON's economic net debt stood at approximately EUR 41 billion, supported by a year-to-date cash conversion ratio of 73%. The company confirmed its full-year guidance and emphasized its commitment to meeting mid-term targets. The Energy Networks segment showed significant growth, while Energy Retail achieved an EBITDA of over EUR 1.7 billion for the first 9 months. Despite temporary effects in the Energy Infrastructure Solutions segment, E.ON remains confident in achieving the midpoint of its group guidance range for the full year.
Solid Financial Performance
The company achieved an EBITDA of EUR 6.7 billion and an adjusted net income of EUR 2.2 billion for the first 9 months, covering 75% of the full-year guidance midpoint, confirming expectations.
Investment-Driven Growth
Investments increased by 20% year-over-year, with a focus on securing supply chains and meeting CapEx targets.
Energy Networks Segment Growth
Significant EBITDA growth was driven by accelerated investments and positive inflation indexation in Germany, with similar trends in Sweden and South Eastern Europe.
Healthy Balance Sheet
Economic net debt remained stable, with a strong cash conversion ratio of 73%, aiming for 90% by year-end.
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EON SE (EONGY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EONGY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 14, 2024
$12.42
$12.45
+0.24%
Aug 14, 2024
$13.57
$13.27
-2.21%
May 15, 2024
$13.70
$13.95
+1.82%
Mar 13, 2024
$12.51
$13.29
+6.24%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does EON SE (EONGY) report earnings?
EON SE (EONGY) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is EON SE (EONGY) earnings time?
EON SE (EONGY) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.