E.ON reported net profit of 2.5 billion euros last year and made record investments in the transition

E.ON ended fiscal year 2024 with strong financial results and record investments in modernising energy infrastructure. As expected, the company achieved adjusted EBITDA of 9.2 billion euros and adjusted net profit of 2.5 billion euros. CEO Leonhard Birnbaum pointed to the result as evidence of the company’s stable position in the sector.

Last year, E.ON invested a record 7.5 billion euros, a year-on-year increase of 15%.

The largest share of the investment (5.8 billion euros) went towards expanding, modernising and digitalising the transmission and distribution network across Europe. This was a year-on-year increase of 700 million euros.

In retail energy sales, investment rose by 25% to 550 million euros in total. These investments focused primarily on digitalising electricity sales and introducing flexible energy solutions for households and businesses.

E.ON also increased investment in energy infrastructure development and decarbonisation projects by more than 30% to almost one billion euros. These include, for example, investments in battery storage, interval metering and decarbonisation solutions for industrial customers.

Higher dividend and positive outlook for 2025

In light of the results, the company’s board proposed increasing the dividend to 0.55 euros per share, up 4% on the previous year. The move reflects E.ON’s strong financial position and its commitment to providing shareholders with stable returns.

For 2025, the company expects further growth, with adjusted EBITDA projected at between 9.6 and 9.8 billion euros and net profit between 2.85 and 3.05 billion euros.

E.ON plans to continue making substantial investments in energy infrastructure, digitalisation and the development of smart grids, enabling more effective integration of renewable sources and strengthening the resilience of Europe’s energy sector.