E.ON : Cost-saving plan and encouraging restructuring initiatives for npower
>9M 2019 results in line with expectations - E.ON's 9M 2019 results, reported last Friday, were in line with our expectations and those of the consensus, with EBIT down 6% y-o-y at € 2. 208bn vs € 2.211bn expected, and adjusted net income of € 1.176bn vs € 1.055bn expected. The group benefited from a performance in line with forecasts for the network business where electricity hikes in Sweden and the good performance in CEE/Turkey more than offset the negative regulat...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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