E.ON : Good set of results and very encouraging guidance
>2023 was a very good year - E.ON this morning released a good set of results for 2023 and a very strong message for the 2024-2028 outlook. In 2023 EBITDA was up 16% to € 9,370m vs € 8,794m expected, boosted by the performance in the energy networks and customer solutions divisions. EBIT was up 23% to € 6,387m vs € 5,946m expected. Adjusted net income came in at € 3,068m (+12%) vs € 2,879m expected, giving EPS of € 1.18 vs € 1.10 expected. All the divisions contribute...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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