innogy re-iterates financial discipline targets and strategic direction for the future

(lifePR) ( Essen, )

- Target leverage factor of around 4.0x net debt to adjusted EBITDA and payout ratio of 70-80% of adjusted net income confirmed
- Investment programme 2018-2020 subject to financing capacity and innogy’s hurdle rate framework
- Growth focused on core activities and expansion of e-mobility, broadband and solar business
- Implementation of further cost discipline measures underway


innogy SE re-iterates its financial discipline targets as a core building block for the implementation of the '4P' strategy towards 2025.

"A leverage factor of around 4.0x net debt to adjusted EBITDA and a payout ratio of 70-80% of adjusted net income continue to be the key financial metrics that we apply in our business. Delivering sustainable bottom line growth in line with innogy's financial targets is the key driver for the implementation of our strategy. We are fully aware of the importance the capital market attributes to a stable and attractive dividend and reasonable leverage" says Bernhard Günther, Chief Financial Officer.

Focus of the investment programme 2018 to 2020 remains on innogy's core activities in the Renewables, Grid & Infrastructure and Retail segments. In addition, the Executive Board is convinced that the areas of e-mobility, broadband and solar provide attractive growth opportunities.

The execution of additional growth opportunities is subject to the company's strict investment framework and funding capacity. innogy will review the funding of growth projects by assessing all options regarding ownership and financing structure in order to maximise value for the company and its shareholders. innogy currently does not see the necessity for any additional equity measures.

The innogy Executive Board is currently reviewing discretionary spending across all segments for the potential to deliver further cost reductions. innogy will provide additional transparency with its full year results announcement on March 12, 2018.

Legal disclaimer

This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management, and are based on information currently available to the management. Forward-looking statements shall not be construed as a promise for the materialisation of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. Neither the Company nor any of its affiliates assumes any obligations to update any forward-looking statements.
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