E.ON SE (PNK:EONGY) Q4 2023 Earnings Call Transcript

Leonhard Birnbaum: But I would also argue maybe Rob, becomes a little bit philosophical now. The peak of unbundling somehow is over. And it’s like if you look at it, where is the smart meter? Is it networks? Or is it customer business? Where is the wallbox? The wallbox is clearly a customer solution, but in reality, will be monetized by flexibility provides to the grid, where are flexible tariffs. You look at the U.K., where we have now IDNO, we have competitive business on the last mile, yes. So some of the customer solutions business creeping into the network business. So I’m not a friend of these simple categories, we have AOB. I think we have an evolvement and in the future integrated world being so much decentralized, being so much more complex, I’m wondering whether the most efficient system is really the one that we slice a complicated, interconnected, decentralized system into 25 different roles, which optimize themselves individually.

So I actually feel that indeed, we are not only happy with the setup. The setup also makes sense for our customers.

Iris Eveleigh: Thank you very much. Thanks, Leo. Thanks, Marc. Thanks, everyone, for joining the call. If there’s anything, and you still would like to ask us. The IR team is around to take your questions or to go a bit into certain aspects in a more depth. Thank you very much and talk to you hopefully soon. With that, we close the call.

Leonhard Birnbaum: Thank you.