E.ON : A decent publication but a turbulent environment
>Interim publication in line with consensus expectations - Yesterday morning, E.ON published satisfactory results, broadly in line with the consensus expectations, although a shade below our own forecasts. Group EBITDA was down by 14% at €4,868m, compared with the € 5,018m expected (ODDO BHF), but in line with the consensus at € 4,861m. Adjusted EBIT fell by 22% to € 3,351m, compared with the € 3,468m expected by ODDO BHF, and adjusted net profit to € 1,754m, compared...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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