Eon Reports Multi-Billion Euro Profits Despite Decline in Earnings

Germany's largest energy provider announces increased investment plans and higher dividends for shareholders.

Eon achieved a €9.0 billion EBITDA in 2024, a 3% drop from the previous year but better than analysts' expectations.
Net income decreased by 7% to €2.9 billion, with CEO Leonhard Birnbaum praising the company's 'strong performance.'
The company plans to invest €43 billion between 2024 and 2028, focusing €35 billion on improving its electricity grid infrastructure.
Shareholders are set to benefit from a proposed dividend increase to €0.55 per share, up from €0.53 in 2023.
Eon, which serves 12 million electricity and 2 million gas customers in Germany, retains its position as the country's largest electricity distribution network operator.