E.ON : Good set of results in the first quarter. All guidance confirmed
>Results a shade above our forecast - E.ON released this morning Q1 2024 figures a shade above our forecast. EBITDA came in at € 2,745m (+1% y-o-y) vs € 2,640m expected by ODDO BHF and € 2,585m by the consensus. EBIT totalled € 2,005m (-2% y-o-y), above expectations at € 1,890m and adjusted net income came in at € 1,047m (+2%y-o-y) (vs ODDO BHF at € 1,011m / Css at € 983m). By division, the Energy networks business stood at € 1,783m (-6%) vs ODDO BHF at € 1,715m and ...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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