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E.ON SE (EONGY) Q4 2025 Earnings Call February 25, 2026 6:00 AM EST
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
Wierzbicka Serwinowska – UBS Investment Bank, Research Division
Julius Nickelsen – BofA Securities, Research Division
Alberto Gandolfi – Goldman Sachs Group, Inc., Research Division
Pavan Mahbubani – JPMorgan Chase & Co, Research Division
Harry Wyburd – BNP Paribas, Research Division
Deepa Venkateswaran – Bernstein Institutional Services LLC, Research Division
Louis Boujard – ODDO BHF Corporate & Markets, Research Division
Robert Pulleyn – Morgan Stanley, Research Division
James Brand – Deutsche Bank AG, Research Division
Ahmed Farman – Jefferies LLC, Research Division
Piotr Dzieciolowski – Citigroup Inc., Research Division
Presentation
Iris Eveleigh
Head of Investor Relations
[Audio Gap] our full year results. As with every occasion, we will leave enough room at the end for your questions. With that, over to you, Leo.
Leonhard Birnbaum
CEO & Chairman of the Management Board
Yes. Good morning, everybody. Thank you, Iris, for the introduction also from my side. The past financial year has once again proven one thing. We at E.ON deliver on our promises, and we at E.ON are exceptionally well positioned to not only be the playmaker of the energy transition, but also a beneficiary of this transition. In a year that has been characterized by geopolitical instability and macroeconomical challenges, E.ON is a safe haven. One has to admit that our business is facing a secular growth opportunity. It has no U.S. dollar exposure. It’s largely inflation protected. It’s unaffected by U.S. tariff policy, and it’s even largely shielded against the latest fear of an AI disruption. What more can you ask for in terms of resilience. But that doesn’t mean that we are without challenges.
