E.ON: share edges up after FY results
(CercleFinance.com) - The E.
ON share is up 1% in Frankfurt following the publication of 2020 adjusted net profit of 1.6 billion euros and adjusted operating profit of 3.8 billion euros, both of which are up and in line with the target ranges that it revised last August.
The German energy group announced synergies that are in line with its 2020 guidance, enabling it to confirm its target of 780 million euros in recurrent savings by 2024, as well as a turnaround in the UK that is ahead of plan.
E.ON is proposing a dividend of 0.47 euro per share for 2020, aiming to increase it by 5% per year by 2023. For 2021, it is targeting adjusted net profit of between 1.7 to 1.9 billion euros, with operating profit of 3.8 to 4 billion euros.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
ON share is up 1% in Frankfurt following the publication of 2020 adjusted net profit of 1.6 billion euros and adjusted operating profit of 3.8 billion euros, both of which are up and in line with the target ranges that it revised last August.
The German energy group announced synergies that are in line with its 2020 guidance, enabling it to confirm its target of 780 million euros in recurrent savings by 2024, as well as a turnaround in the UK that is ahead of plan.
E.ON is proposing a dividend of 0.47 euro per share for 2020, aiming to increase it by 5% per year by 2023. For 2021, it is targeting adjusted net profit of between 1.7 to 1.9 billion euros, with operating profit of 3.8 to 4 billion euros.
Copyright (c) 2021 CercleFinance.com. All rights reserved.