E.ON SE (EONGY) Q2 2025 Earnings Call Transcript

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E.ON SE (OTCPK:EONGY) Q2 2025 Earnings Conference Call August 13, 2025 6:00 AM ET

Company Participants

Iris Eveleigh – Head of Investor Relations
Leonhard Birnbaum – CEO & Chairman of the Management Board
Nadia Jakobi – CFO & Member of the Board of Management

Conference Call Participants

Ahmed Farman – Jefferies LLC
Alberto Gandolfi – Goldman Sachs Group, Inc.
Deepa Venkateswaran – Sanford C. Bernstein & Co., LLC.
James Brand – Deutsche Bank AG
Louis Boujard – ODDO BHF Corporate & Markets
Piotr Dzieciolowski – Citigroup Inc.
Wierzbicka Serwinowska – UBS Investment Bank

Iris Eveleigh

Good morning, everyone, and welcome to our H1 2025 results call. I am here with Leo and Nadia, 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.

Leonhard Birnbaum

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 3 key messages for today.

First, during H1 ’25, we delivered 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

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