E.ON (EOAN.DE) Q1 Profit Rises as German Industrial Demand Strengthens

E.ON said May 13, 2026, that first-quarter adjusted group EBITDA rose 2% to 3.3 billion euros, supported by stronger industrial demand in Germany and higher retail energy prices. Adjusted net income increased 7% to 1.34 billion euros. The German utility reaffirmed full-year guidance for adjusted EBITDA of 9.4 billion euros to 9.6 billion euros and adjusted net income of 2.7 billion euros to 2.9 billion euros. Frankfurt-listed shares rose in early trading after the results. Energy Infrastructure Solutions EBITDA climbed 16% to about 240 million euros, driven by German industrial customer growth and delayed passthrough effects from higher procurement costs in Scandinavia. Energy Retail earnings also improved, though U.K. performance weakened after older industrial and commercial contracts expired. E.ON invested 1.4 billion euros in the quarter, including 1.1 billion euros in energy networks, as cold weather delayed some German grid work. The results follow E.ON’s plan to acquire British retailer Ovo Energy.