E.ON SE

M&A Activity • Sep 9, 2015

News Details

Ad-hoc | 9 September 2015 21:58

E.ON SE: Spinoff in schedule

E.ON SE / Key word(s): Strategic Company Decision/Forecast

09.09.2015 21:58

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Spinoff in schedule

• German nuclear power remains with E.ON

• Impairment charges in the higher single-digit billion euro range
  expected in the third quarter

• Outlook for full year 2015 reaffirmed

Today the E.ON Supervisory Board unanimously approved the management's
proposal for the German nuclear business and related activities to remain
at the future E.ON.

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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Language: English
Company: E.ON SE
E.ON-Platz 1
40479 Düsseldorf
Germany
Phone: +49 (0)211 4579-0
Fax: +49 (0)211 45 79-5 01
E-mail: investorrelations@eon.com
Internet: www.eon.com
ISIN: DE000ENAG999
WKN: ENAG99
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse
EUREX; Mailand

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