E.ON AG: Ad hoc announcement §15 WpHG
This does not affect the new corporate strategy and E.ON is planning to
spin off a majority of Uniper with its businesses power generation in and
outside Europe and global energy trading in 2016 to its shareholders. E.ON
will focus on renewables, energy networks and customer solutions. E.ON has ceased to view its nuclear power business as a strategic asset
E.ON expects to record impairment charges in the higher single-digit
billion euro range in the current quarter. This mainly reflects updated
assumptions regarding persistently low wholesale prices for electricity and
other commodities as well as the insufficient policy and regulatory
environment and its impact on profitability. The non-cash effective
impairment charges will result in E.ON reporting substantial negative net
income for the 2015 financial year.
E.ON reaffirms its outlook for full-year 2015 (EBITDA of between EUR7.0 and EUR7.6 billion and underlying net income of between EUR1.4 and EUR1.8 billion).
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