E.ON : H1 2021 performance encouraging ahead of the CMD in November
>H1 results ahead of expectations - E.ON yesterday reported better-than-expected H1 2021 results. EBITDA came in 30% higher y-o-y at € 4,780m vs € 4,420m est. (consensus at € 4,701m). EBIT also beat expectations at € 3,163m (+45% y-o-y), vs € 3,120m forecast by ODDO BHF and € 3,103m by the consensus. As expected, the group posted significant growth across all its divisions. See the details on page 2. Adjusted attributable net profit was € 1,765m, up 86% y-o-y, compa...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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