E.On soars in Frankfurt, data above estimates and guidance confirmed

(Il Sole 24 Ore Radiocor) - Brilliant session for E.On which, with a rise of even more than 4 points, is among the best of the DAX 40 in Frankfurt, after accounts above market expectations and the confirmation of guidance (the group continues to expect adjusted Ebitda of between EUR 9.4 billion and EUR 9.6 billion and adjusted net profit of between EUR 2.7 billion and EUR 2.9 billion). "We fully reaffirm our forecasts for the full year and our medium-term targets up to 2030," said Nadia Jakobi, Cfo of E.On. The German multinational utility company's share price rose to a day's high of EUR 18.95, bringing to 16 per cent the gain put in so far in 2026.

E.On reported adjusted EBITDA of EUR 3.3 billion (+2%) and adjusted net profit of EUR 1.3 billion (+7%), driven bygood performance across all business areas. The Energy Networks division reported adjusted EBITDA of EUR 2.1 billion, the Energy Infrastructure Solutions division saw adjusted EBITDA rise 16% to around EUR 240 million, and the Energy Retail division saw the figure rise to around EUR 940 million. The group invested EUR 1.4 billion in the quarter in response to the significant infrastructure needs of the energy system.

"We have started 2026 at full speed. Our strategy is paying off, our investments are producing positive results andour operational performance is solid. The strength of our business model is particularly evident in an unstable geopolitical environment," Jakobi said, emphasising that the group is "aggressively expanding Europe's energy infrastructure, contributing significantly to the success of the energy transition and creating lasting value, for customers and shareholders alike.

"First-quarter figures signal a solid and better-than-estimated start to the year," say Citi analysts, pointing out that "based on the quarter's numbers and the confirmation of 2026 guidance and considering the fact thatthe first quarter was better than expected we believe market expectation remains unchanged." Experts point out that, looking ahead, 'the central theme will be the acquisition of Ovo in the UK and the regulatory review in Germany, which remains a key factor for E.On's future'.

In fact, the German group announced in recent days the acquisition of the British energy supplier Ovo, a deal that could lead it tobecome the largest electricity distributor in the UK. With this transaction, the Essen-based company will increase its customer base in the UK from 5.6 million to around 9.6 million, representing a fast-growing market.