Eon Reports €9 Billion Profit, Calls for Energy Policy Overhaul

Germany's largest energy provider pushes for higher returns on network investments and announces increased spending on infrastructure through 2028.

Eon achieved a €9 billion operating profit in 2024, slightly lower than the previous year but exceeding analyst expectations.
The company plans to invest €43 billion by 2028, with €35 billion allocated to expanding its energy distribution networks.
CEO Leonhard Birnbaum urged the incoming German government to revise energy policies, including higher regulated returns for network investments.
Eon criticized Germany's approach to smart meter rollouts, advocating for simpler, cost-effective solutions compared to other European countries.
Shareholders are set to benefit from a proposed dividend increase to €0.55 per share, reflecting Eon's strong financial performance.