E.ON SE (EONGY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to our H1 2025 results call. I am here with Leo and Nadja, who will present our half-year results. As with every occasion, we will leave enough room at the end for your questions. With that, I hand immediately over to you, Leo. Thank you, Iris. Warm welcome to all of you also from my side. Today is a special reporting day. It coincides with E.ON's 25th anniversary. We are really proud how we have successfully repositioned E.ON over the last years. We are a completely different company from what we have been 25 years ago or even 10 years ago. And as a result, we can credibly claim that we are the playmakers of the energy transition. But that said, we are not making a big fuss around this birthday because what truly matters, what truly matters to you is not the past but what we deliver now and in the future. And therefore, let me get straight to my three key messages for today. First, during H125, we deliver both operationally and financially and we remain fully on track for our full year guidance. Second, we are in a crucial phase of the process for the upcoming fifth regulatory period for power in Germany. And while we acknowledge some positive aspects of what we have seen so far from the regulator overall, we see the need for significant improvement. And third, Our resilient growth story will continue well into the 2030s. And this is driven by the transformation of the energy system, not only in Germany, but across Europe. We see strong demand drivers also in our non-German markets, which all highlight the strength of our strategic growth story that we have also shown over the last years. On my first message. Our H1 results came in strongly with an adjusted EBITDA of 5.5 billion euro and an adjusted net income of 1.9 billion euro....