E.ON : Good set of figures but poorly interpreted
>To upgrade estimates or not to upgrade them … that is the question - The stock closed down 0.8% yesterday and yet the group’s figures beat expectations, which prompted us to seriously consider upgrading our estimates for 2023 above the official guidance issued by the group. In the end, we chose to leave them unchanged for now at the top of the guidance range, as we do not at this stage have sufficient reason to fine-tune our profitability assumptions for 2024-2027, t...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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