E.ON: Upper half of FY 2018 guidance now targeted | BUY | EUR11
E.ON - BUY | EUR11(+26%)Upper half of FY 2018 guidance now targeted
9M 2018 adjusted net income up c. 25% yoy
Strong EBIT growth partly driven by one-off effects
FY-2018 guidance confirmed, the upper half now targeted
Buy recommendation maintained this morning
E.ON is an investor-owned energy company. The Generation global unit consists of all Co.'s existing (fossil and nuclear) generation assets in Europe. The Renewables unit is engaged in managing Co.'s carbonsourcing and renewables businesses. The Global Commodities unit buys and sells electricity, natural gas, liquefied natural gas, oil, coal, freight, biomass, and carbon allowances. The Exploration & Production unit is a active in the focus regions of the North Sea (U.K., Norway), Russia and North Africa. The New Build & Technology unit include Co.'s project-management and engineering operations to support the construction of new power plants and the operation of existing plants.
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