- E.ON (OTCPK:EONGY) says it booked a €8.3B impairment charge, mostly due to price assumptions and asset revaluations, amid a net loss of €7.25B in its Q3, but will stick to its plans to keep its €0.50/share dividend unchanged for the year.
- "The dividend is a clear signal to the owners of our company that we have the wherewithal and the strength to pay out a dividend, unlike some others in the industry," CFO Michael Sen says.
- The CFO says he is not ruling out a Q4 charge of ~€500M but does not expect further writedowns in the quarters thereafter; last year, E.ON booked total impairments of about €5B.
- E.ON also reaffirms its forecast for FY 2015, expecting EBITDA of €7B-€7.6B and underlying net income of €1.4B-€1.8B.