E.ON reports adjusted net income of around 1.8 billion euros for the first half of 2024, down from 2.3 billion a year earlier, and adjusted EBITDA of around 4.9 billion, below the 5.7 billion for the first six months of 2023.

The German energy group explains that its investment-driven growth and good operating performance during the period were overshadowed by the non-recurrence of positive one-off effects recorded last year.

E.ON also points out that its investments in the energy transition totaled 2.9 billion euros (around 500 million more than in the first half of 2023), of which more than 2.1 billion euros were devoted to its energy networks business.

We're on track to achieve our full-year targets," says CEO Leonhard Birnbaum, who confirms his target for adjusted net income of 2.8 to 3 billion euros (1.07 to 1.15 euros per share) and adjusted EBITDA of 8.8 to 9 billion euros.

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