SHARE IN FOCUS: Eon strong by numbers – ‘Later profit-taking possible’

FRANKFURT (dpa-AFX) – Preliminary figures, which were better than expected by analysts, gave the energy company Eon (EON SE) pre-market price gains on Wednesday. On the Tradegate trading platform, the titles rose in price by almost two percent to EUR 9.950 and were thus again approaching the EUR 10 mark, below which they had slipped due to the recent losses.

Eon also benefited from higher revenues from nuclear power last year and announced adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of about eight billion euros – before that management had expected 200 million euros less even in the most optimistic scenario. Adjusted net income should also exceed the upper end of the forecast at EUR 2.7 billion.

Goldman analyst Alberto Gandolfi spoke of strong numbers that exceeded consensus estimates. First of all, the shares should benefit from the solid numbers, said a trader. However, the positive surprise is primarily due to the non-core business and is therefore only of a temporary nature. In the further course of the day, profit-taking is therefore possible./gl/jha/

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