Issu de la fusion de Viag et Veba, E.ON est le 1er groupe privé d'énergie en Allemagne et le n°2 mondial

More than EUR37 billion in sales and roughly 108,000 employees, E.ON is Europe's largest investor-owned energy service provider. Get detailed information about our Group structure.

In conjunction with its announced takeover offer for Endesa, E.ON today disclosed preliminary, unaudited (1) results for the 2005 financial year. 
E.ON grew sales by 21 percent, from EUR46.7 billion to EUR56.4 billion. The main drivers were the passthrough of power procurement costs pursuant to Germany’s Renewable Energy Law, higher average power and gas prices, higher sales volumes, and the consolidation of newly acquired companies.

Adjusted EBITDA (2) of EUR10.3 billion was 5 percent higher than the prior year’s EUR9.7 billion. Adjusted EBIT (2) rose by 8 percent to EUR7.3 billion (prior year: EUR6.8 billion). The earnings improvement is mainly attributable to higher wholesale electricity prices and increased hydroelectric generation in Scandinavia. 
 

E.ON’s net income (after taxes and minority interests) considerably surpassed the high prior-year figure thanks to the book gains on the disposals of Viterra and Ruhrgas Industries. At EUR7.4 billion, net income was 71 percent above the previous year’s EUR4.3 billion.

In 2005 E.ON again increased its returns. Its ROCE (3) of 12.1 percent (prior year: 11.5 percent) was significantly above of its cost of capital of 9 percent.

E.ON’s cash provided by operating activities of EUR6.6 billion was 13 percent higher than the prior-year figure of EUR5.8 billion.

At the E.ON Annual Shareholders Meeting on May 4, 2006, the Board of Management will propose to the Supervisory Board that E.ON to pay a cash dividend of EUR7.00 per ordinary share. This includes a special dividend of EUR4.25 per ordinary share, by which E.ON realizes the transfer of the equivalent value of its Degussa shareholding to its shareholders as the company announced last year.