E.ON confirms full-year outlook and timetable for transformation

• As anticipated, EBITDA and underlying net income below prior-year figures
• Already-announced impairment charges of €8.3 billion recorded in third quarter
• Economic net debt reduced by more than €5 billion

E.ON’s planned transformation is on schedule. At the release of the company’s nine-month report today, CEO Johannes Teyssen stated: “E.ON’s and Uniper’s leadership teams are ready, and our employees know where they will be working. We reached agreement with employee representatives on a Reconciliation of Interests. The separation of our company into two operationally independent entities is entering the final phase.” …