DGAP-Adhoc: E.ON AG: E.ON posts an impairment charge

| Source: EQS Group AG EQS Group AG 

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.

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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.


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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
 
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