2013 E.ON Annual Shareholders Meeting: building the new E.ON
May 3 2013
- Successful entry into new markets
- Renewables, E&P, and Russia delivering robust growth
- Shareholders vote to pay out EUR1.10 per share dividend
- 2013 forecast confirmed: EBITDA expected to be between EUR9.2 and 9.8 billion, underlying net income between EUR2.2 and EUR2.6 billion
"We're on a path from being a traditional integrated utility toward becoming a developer of customer-centric energy solutions. This is our objective and mindset as we enter new markets and regions." This was Johannes Teyssen's overview of E.ON 's transformation as he spoke at the company's Annual in Essen.
Teyssen reminded the several thousand shareholders in attendance of the strategy the company had announced in 2010, which he said had proven to be the right one, even in a harsher business environment. E.ON is implementing the strategy swiftly and on schedule. As part of its effort to focus on businesses and markets that are viable for the future, since 2010 E.ON has reached agreements to sell assets worth more than EUR17 billion and is currently aiming for EUR20 billion. At the same time, E.ON is systematically expanding its new growth businesses. In the last three years E.ON has commissioned 26 onshore and 2 offshore wind farms in North America and Europe. Together with its existing portfolio, these additions rank E.ON among the global market leaders in offshore wind. E.ON is currently commissioning the world's largest offshore wind farm in the outer Thames estuary, installing turbines at Karehamn offshore wind farm in Sweden, and beginning installation work at Amrumbank wind farm in the German North Sea. E.ON has also established a broad and strong platform in distributed energy solutions. In the last three years it has installed numerous micro generating units for residential and business customers and is Germany's market leader in combined-heat-and-power (CHP)