Ad-hoc | 5 March 2003 13:31

E.ON AG english

E.ON Reports Improved Earnings and Higher Dividend Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– E.ON Reports Improved Earnings and Higher Dividend In 2002, the E.ON Group generated sales of 37.1 billion euros (2001: 37.3 billion euros). The Group’s consolidated internal operating profit increased by 23 percent to 3,890 million euros(2001: 3,157 million euros), due mainly to the improvement of the internal operating profit of E.ON Energie by 28 percent to 2,855 million euros (2001: 2,231 million euros). At 2,777 million euros, the Group’s consolidated net income was 8 percent higher than in the previous year (2,570 million euros). Due to the record internal operating profit and book gains of approximately 3.8 billion euros on the sale of shareholdings, E.ON was able to absorb one-off charges of approximately 4.8 billion euros. The cash flow from continuing operations amounted to 3.7 billion euros, which was 39 percent higher than in the previous year (2.7 billion euros). At the annual shareholders meeting on April 30, 2003, E.ON will propose that the dividend for fiscal 2002 should be increased by 0.15 euros or approx. 9.4 percent to 1.75 euros per dividend-bearing individual share. In spite of operational improvements in all the business segments, E.ON’s consolidated internal operating profit in 2003 will probably not quite reach the 2002 level because Degussa’s profit will only be included at equity, i.e. in accordance with E.ON’s share of 46.5 percent. For the Group’s consolidated net income a further rise is expected, especially due to high gains on disposals. From today’s perspective, E.ON does not anticipate one-off charges comparable to those in 2002. In order to make it easier to compare the company’s performance in 2001 with 2002, the 2001 earnings figures were brought in line with a new US accounting standard and accordingly scheduled goodwill amortization has been eliminated. end of ad-hoc-announcement (c)DGAP 05.03.2003 ——————————————————————————– WKN: 761440; ISIN: DE0007614406; Index: DAX, EURO STOXX 50 Listed: Amtlicher Markt in Berlin, Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; Eurex; Swiss Exchange; New York 051331 Mär 03