The economy German energy group Eon with dipping profits
Germany's largest energy group, Eon, achieved lower sales and earnings last year. Turnover fell by 1.8 percent to 78.7 billion euros.
25.02.2026, 09:03
SDA
The main reason for this was the drop in energy deliveries to corporate and private customers, Eon announced in a press release on Wednesday. The company is Germany's largest electricity distribution network operator and also Germany's largest supplier with around 12 million electricity and 2 million gas customers. Eon is also present in several other countries from Sweden to Turkey.
Adjusted earnings before interest, taxes, depreciation, amortization and special items (adjusted EBITDA) climbed by 9 percent to 9.8 billion euros. However, due to declines in commodity derivatives and higher personnel costs, earnings from continuing operations before interest and taxes fell by more than half to 4.1 billion euros.
At the bottom line, consolidated net profit slumped from 5.6 billion to 2.3 billion euros. In contrast, consolidated net profit adjusted for non-operating effects increased from 2.9 billion to 3.0 billion euros. This means that the company has reached the upper end of its own forecast, explained Eon. The dividend is to rise from 55 to 57 cents per share.
Investments expanded
"We are investing massively in our grids and the modernization of the energy infrastructure, because this is precisely where the energy transition will be decided," explained CFO Nadia Jakobi. Eon announced that it would be expanding its investment program for the coming years. Investments of around 48 billion euros are planned for the period from 2026 to 2030.
Eon had previously expected to invest €43 billion between 2024 and 2028. As a result, Eon expects a significant increase in profits in the medium term. Adjusted Group EBITDA is expected to rise to around 13 billion euros in 2030 and adjusted Group net profit to around 3.8 billion euros.
