Eon plans to tap new growth opportunities in its core businesses, which includes renewable energy.
The rest of 2016 will continue to be a transitional phase as the company completes the spin off of Uniper, which is pending shareholder approval on 8 June.
The new Uniper business is taking control of the company’s conventional power generation assets and trading.
“Our objective is to make Eon into a leading company of the distributed, renewable and digital energy world,” said Eon chief executive officer Johannes Teyssen.
Chief financial officer Michael Sen said the “first step will be to lay the foundation for stable and profitable growth for the long term”.
“As we weigh investments, we’ll focus more on value creation and always keep our eye on the implications for our balance sheet.”
Image: Eon
