Ad-hoc | 3 July 2012 11:29
E.ON AG / Key word(s): Change in Forecast/Agreement
03.07.2012 11:29
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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E.ON reaches settlement with Gazprom on long-term gas supply contracts and
raises Group outlook for 2012
E.ON and Gazprom have reached an agreement in the negotiations of their
long-term gas supply contracts. The settlement includes an retroactive
adaptation of pricing conditions for the price review period since Q4/2010.
E.ON expects the settlement to have a positive impact of about EUR1 bn on
the Group's half-year results.
In connection with the settlement reached with Gazprom, E.ON has also
raised its outlook for 2012. For the full year 2012 E.ON now expects an
EBITDA between EUR10.4 and 11.0 bn (until now: EUR9.6 to 10.2 bn) and an
underlying net income between EUR4.1 and 4.5 bn (until now: EUR2.3 to 2.7
bn). Apart from the higher EBITDA, one-off effects on taxes and net
interest expenses as well as a generally lower tax rate have a positive
impact on group earnings.
03.07.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: E.ON AG
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: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX; Mailand
End of Announcement DGAP News-Service
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