German E.ON is raising its investment guidance for the next four years by approximately 30% to EUR 42bn, with a focus on energy networks and energy infrastructure solutions.

This is an increase for the period 2024-28 from the previous forecast of EUR 33bn, according to the annual report released on Wednesday morning.

Last year, adjusted EBITDA earnings amounted to EUR 9.4bn, which was above the analyst consensus of EUR 9bn gathered by Bloomberg News.

In the current financial year, adjusted EBITDA earnings are expected to fall to the level of EUR 8.8-9.0bn, which is also above analyst expectations of EUR 8.51bn.

By 2028, this item is expected to increase to more than EUR 11bn.

(Translated using DeepL with additional editing by Catherine Brett)