Consensus

Analysts‘ Estimates

The forecasts published here are based on independent estimates by domestic and international financial analysts who conduct evaluations of Uniper SE's business performance.

For your convenience, we have compiled summaries of analyst estimates for principal reference indicators.

References to recommendations and ratings is for informational purposes only. Uniper SE accepts no liability for the selection, currency, completeness or accuracy of analyst recommendations and estimates. None of the information shall be construed as an offer to buy Uniper shares. Uniper SE accepts no liability for damages incurred by third parties arising from the information obtained.

Consensus estimates of principal indicators for Uniper SE

Estimates for Jan - Sep 2018

         9M 2018
 in €m        Median   Max   Min  
 Adj. EBITDA        886   937   865  
 Adj. EBIT        391   448   355  
 Underlying Net Income        258   283   211  
   Status: as of November 05, 2018; based on the estimates of 10 participating analysts.

Estimates for the financial years 2018 to 2020

   2018e 2019e 2020e
 in €m  Median   Max   Min   Median   Max   Min   Median   Max   Min  
 Adjusted EBITDA  1,583   1,655   1,511   1,527   1,802   1,435   1,805   2,319   1,706  
 Adjusted EBIT  941   1,027   860   873   1,135   777   1,147   1,632   1,013  
 Underlying Net Income  674   709   564   586   790   491   777   1,182   639  
 Adjusted FFO  674   785   150   738   870   488   1,002   1,163   843  
 FCfO  289   494   (195)   425   494   131   648   763   486  
 Dividend*  311   318   310   390   493   326   512   1,017   460  
 *with dividend payout in the subsequent year Status: as of November 05, 2018; based on the estimates of 15 participating analysts. 
Note:

This report was prepared by Vara Research GmbH for informational purposes only and is not intended to provide investment advice. It is based on an evaluation of past and an estimation of future earnings and performance of the relevant company by various market analysts. Owing to their subjective character, such estimates and forecasts cannot be independently verified. Despite careful review, Vara Research GmbH cannot provide any guarantee, assurance or warranty as to completeness or accuracy; responsibility and liability is therefore excluded.