E.ON: stock down after 2026 targets unveiled
(CercleFinance.com) - E.
ON shares are down nearly 3% in Frankfurt after the energy group presented its 2026 targets, including adjusted EPS growth of 8%-10% p.a. to 0.90 euro, whilst RBC analysts expected 0.94 euro.
Its core business EBITDA would grow by an average of 4% a year to around 7.8 billion euros in 2026. Intending to propose a dividend of 0.49 euro per share for 2021, the German company is targeting growth of up to 5% p.a. by 2026.
E.ON adds that it will invest 27 billion euros (against RBC's expectation of 27.7 billion euros) in energy transition through to 2026, of which 22 billion euros will be spent on expanding the energy networks and 5 billion euros on expanding its customer solutions business.
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