E.ON : The energy supply market continues to act as a drag on earnings - 2019 guidance confirmed
>H1 2019 results a shade above expectations - E.ON yesterday morning reported H1 2019 results a shade above our expectations and those of the consensus, with an EBITDA of € 2.710bn (-3.2% y-o-y), compared to ODDO BHF’s estimate of € 2.605bn and the consensus forecast of € 2.70bn, EBIT of € 1.717bn (-11.6% y-o-y) vs ODDO BHF at € 1.698bn and the consensus at € 1.707bn and an adjusted net profit of € 885m (-15.9% y-o-y) vs € 866m forecast by ODDO BHF and € 872m by the c...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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