HALISTER: EON Plans to Pay Out 40%-60% of Underlying Net Income

EON Plans to Pay Out 40%-60% of Underlying Net Income

(Bloomberg) -- EON plans to pay out dividend of 40%-60% of underlying net income.
  • Forecasts 2016 underlying net income of EU600m-EU1b, excluding Uniper
    • Sees Ebita of EU4.6b-EU5b
    • Sees Ebit EU2.7b-EU3.1b
  • Intends to list ~53% of Uniper shares on stock market later this year
  • Spinoff is “logical response” to two energy worlds
  • NOTE: EON to host capital markets day in London today for itself and Uniper, the power company it is spinning off
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
EOAN GR (E.ON SE)

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