DGAP-Adhoc: E.ON AG: 2009 outlook, 2010 target, dividend

E.ON AG / Change in Forecast/Dividend

09.03.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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2009 outlook: adjusted EBIT at prior-year level, adjusted net income to
decline by around 10 percent

2010 target: adjusted EBIT to increase by around 10 percent to 11 billion
euros

Dividend: management to propose 1.50 euros dividend per registered share
for 2008, payout ratio remains between 50 to 60 percent of adjusted net
income


At its meeting today, the E.ON AG Board of Management, after consultation
with the Supervisory Board, adjusted the outlook for E.ON's future business
development.

For the 2009 financial year, E.ON currently expects adjusted EBIT to match
the high prior-year level. The main adverse factors are anticipated lower
electricity and gas sales volume due to the economic crisis, a price-driven
narrowing of upstream gas margins, effects from the regulation of
electricity and gas networks in Germany, and currency-translation effects.
The positive factors include improved margins in electricity generation.
E.ON expects adjusted net income to decline by around 10 percent relative
to the prior year due to higher interest expenses resulting from increased
indebtedness. For the dividend for 2009 financial year, E.ON intends to
stand by its current payout ratio of 50 to 60 percent of adjusted net
income.
For the 2010 financial year, E.ON thinks it is possiblefrom today's
perspective and based on its current portfolioto increase adjusted EBIT by
around 10 percent to about 11 billion euros. In May 2007, the company had
expected to increase 2010 adjusted EBIT to 12.4 billion euros. The
following represents the main changes compared with the company's
assumptions from May 2007: anticipated positive effects from wider margins
in the power generation business will be partially mitigated by anticipated
lower electricity and gas sales volume due to the economic crisis, adverse
effects from the regulation of electricity and gas networks in Germany,
negative currency-translation effects, and lower anticipated earnings
contributions from the company's new market units.



Dr. Jens Schreiber
Vice President Media Relations
+49-211-4579-544
jens.schreiber@eon.com










DGAP 09.03.2009 
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Language:     English
Issuer:       E.ON AG
              E.ON-Platz 1
              40479 Düsseldorf
              Deutschland
Phone:        +49 (0)211 4579-0
Fax:          +49 (0)211 45 79-5 01
E-mail:       investorrelations@eon.com
Internet:     www.eon.com
ISIN:         DE000ENAG999
WKN:          ENAG99
Indices:      DAX, EURO STOXX 50
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              Hannover, Düsseldorf, Stuttgart, München, Hamburg;
              Terminbörse EUREX; Foreign Exchange(s) Mailand
End of News                                     DGAP News-Service
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DGAP-Adhoc: E.ON AG: 2009 outlook, 2010 target, dividend 2008
