E.ON AG / Key word(s): Final Results 12.12.2011 20:09 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- E.ON posts an impairment charge In accordance with IAS 36, E.ON is required to carry out impairment tests on a regular basis or for specific reasons. In connection with the preparation of 2011 annual report, E.ON has identified a group wide impairment charge of approximately EUR 3 billion. In Italy and Spain a more pessimistic view on long-term power prices, regulatory interventions and reduced load hours for gas and coal power stations, lead to a total impairment charge of EUR 2.1 billion, mainly on spread generation assets in both countries. Further impairment charge has been identified in Hungary and Slovakia with respect to spread generation assets as well as in Central Europe, mainly in Benelux. The impairments reduce the Group's net income. There is no impact on adjusted EBIT and adjusted Group net income (assessment basis for dividend payments). Furthermore, the impairments are not cash effective either. 12.12.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: E.ON AG E.ON-Platz 1 40479 Düsseldorf Germany 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, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse EUREX; Mailand End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: E.ON AG: E.ON posts an impairment charge
| Source: EQS Group AG