E.ON's investment programme fully financially backed, CFO says
FRANKFURT, Aug 14 (Reuters) -German utility E.ON EONGn.DE said on Wednesday that its big spending programme up to 2028 is fully covered, offering sufficient financial headroom.
"Our 42-billion euros ($46.28 billion) investment programme is fully financed by internal and external financing," said Chief Financial Officer Nadia Jacobi in a call with analysts after the company presented its earnings report for the first half of the year.
"We don't see any need for any additional equity," Jacobi said, adding recent rating confirmations and uplifts from rating agencies were done with full knowledge of E.ON's spending plans.
($1 = 0.9074 euros)
Reporting by Vera Eckert, editing by Miranda Murray
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