November 14, 2018 / 11:46 AM / a month ago

E.ON mid-term outlook not dependent on British recovery - CFO

FRANKFURT, Nov 14 (Reuters) - E.ON does not depend on a full recovery of the British retail market to reach its mid-term outlook, Chief Financial Officer Marc Spieker told analysts on Wednesday.

The group in March forecast its adjusted earnings before interest and tax (EBIT) to increase by an average of 3-4 percent a year through 2020, while earnings per share are seen growing by an average 5-10 percent annually.

Spieker also said that profit would be “flattish” in 2019.

According to Refinitiv estimates, E.ON’s EBIT is expected to grow by 2.6 percent in 2019 and by 3.4 percent in 2020. (Reporting by Christoph Steitz, editing by Tassilo Hummel)

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