The 2013 financial results released by E.ON were in line with expectations with EBITDA that declined by 14% year on year to €9.3bn, while the net income reached €2.2bn. As a consequence to low electricity consumption in Europe, high renewable energy production and high gas price, E.ON has decided to shut down about 13 GW of capacity by 2015, which is more than a quarter of its conventional fleet in Europe. The company achieved about
7.4 GW of this objective by year-end 2013. In addition, E.ON has sold assets for about €20bn, thereby surpassing its original target of €15bn. These divestments have been realised to give back E.ON financial flexibility and enable it to focus even more closely on current challenges and opportunities.
In the next few years E.ON’s business will focus in particular on expanding growth businesses like renewables and distributed-energy solutions.
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