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 the financial years 2019 to 2022

      2020e         2021e         2022e     
 in €m  Median   Max   Min   Median   Max   Min   Median   Max   Min  
 Adjusted EBITDA  1,621   1,887   1,507   1,728   2,128   1,632   1,684   2,140   1,535  
 Adjusted EBIT  926   1,155   850   1,006   1,384   935   985   1,395   848  
 Underlying Net Income  568   769   530   667   944   541   614   951   522  
 Adjusted FFO  964   1,020   909   1,129   1,186   1,072   1,094   1,131   1,057  
 FCfO  618   703   534   778   884   672   750   844   657  
 Dividend*  490   578   454   512   834   486   542   981   490  
  *with dividend payout in the subsequent year Status: as of March 4th, 2020; based on the estimates of 14 participating analysts.

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.