E.ON isn’t slowing down. The energy giant closed 2024 with strong earnings, record investments and a clear focus—expanding Europe’s energy infrastructure.
“In 2024, we delivered again,” said E.ON CEO Leonhard Birnbaum. “Our investments of €7.5 billion set a new benchmark for our financial strength and operational performance.”
Earnings for the year hit €9.0 billion, with net income at €2.9 billion. That’s slightly lower than last year’s numbers but E.ON is looking ahead.
The company plans to pump €43 billion into energy infrastructure by 2028, with €35 billion dedicated to modernizing and expanding the grid.
The investment surge is critical. As more renewables come online and demand for electricity grows—driven by EVs, heat pumps and even AI-powered data centres—Europe needs a more robust and digitalised grid.
But there’s a catch. While the company remains committed to expansion, Birnbaum warned that unclear regulations in Germany could impact future spending. “The prerequisite for this in Germany is a return on our network investments that’s competitive by international standards,” he said.
In 2025, E.ON expects earnings between €9.6 and €9.8 billion, alongside a planned €8.6 billion investment push. The company is also rewarding shareholders, proposing a dividend increase to €0.55 per share.
