E.ON : 2020 is an encouraging year for… 2022
>9M 2020 a shade above our expectations - E.On reported 9M 2020 earnings that were slightly higher than forecast. EBITDA came in at € 4,966m (-1% y-o-y) vs ODDO BHF’s estimate of € 4,843m and the consensus forecast of € 4,927m. EBIT was € 2,688m (-10% y-o-y), marginally below our forecast of € 2,658m. Attributable net profit was down 15% relative to 9M 2019 to € 1,089m (ODDO BHF’s estimate: € 1,045m and the consensus forecast € 1,074m). This decline in performance is ...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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