E.ON SE (OTCPK:EONGY) Q3 2024 Results Conference Call November 14, 2024 5:00 AM ET Company Participants Björn Siggemann - IR Nadia Jakobi - Chief Financial Officer Conference Call Participants Harry Wyburd - Exane Wanda Serwinowska - UBS Alberto Gandolfi - Goldman Sachs James Brand - Deutsche Bank Pujarini Ghosh - Bernstein Meike Becker - HSBC Piotr Dzieciolowski - Citi Ahmed Farman - Jefferies Rob Pulleyn - Morgan Stanley Ingo Becker - Kepler Cheuvreux Björn Siggemann Hello, everyone, and welcome to our Nine Months '24 Results Call. Thank you for taking the time to join us.
Britain's second-largest energy supplier E.ON has reported a slump in profit over the first nine months of the year as benefits from consumer bill hikes wore off. Adjusted pre-tax earnings fell by 30% to €582 million (£484 million) in E.ON's UK energy retail arm, the company reported on Thursday.
E.ON , Europe's largest operator of energy grids, on Thursday stuck to its full-year targets after reporting a 14%drop in nine-month core earnings, citing one-offs in the year-earlier period that were not repeated.
E.ON SE (EONGY) Q2 2024 Earnings Call Transcript
Private sector investments in Germany's electricity networks must be incentivised by better returns, the chief executive of utility E.ON , Europe's leading operator of energy networks, said on Wednesday.
E.ON , Europe's biggest operator of energy networks, on Wednesday confirmed its 2024 outlook after posting a 14% drop in first-half core profit, adding regulators in Germany should ensure higher returns for much-needed grid investments.
E.ON (EONGY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.