April 26, 2016, 03:09:00 AM EDT By RTT News Comment
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(RTTNews.com) - E.ON (EONGY.PK) announced, for 2016, the company expects EBITDA to be between 4.6 and 5 billion euros, and EBIT to be between 2.7 and 3.1 billion euros. Underlying net income is expected to be between 0.6 and 1 billion euros.
E.ON said 2016 will be a transitional year in which the company plans to complete the spinoff of Uniper pending the approval of the Annual Shareholders Meeting on June 8, 2016. It also intends to list about 53 percent of Uniper shares on the stock market later in the current year.
Going forward, E.ON will focus on highly profitable, stable, and largely regulated businesses: energy networks, customer solutions, and renewables. The new E.ON's objective is to use this platform to tap new growth opportunities in its core businesses.
Read more: www.nasdaq.com/article/...k-facts-20160426-00092#ixzz46uoQOiJI
www.nasdaq.com/article/...-outlook--quick-facts-20160426-00092