E.ON : Q1 2023 preview: promising start to the year
>Set for a good start to the year - E.ON is due to report its Q1 2023 results on 10 May. Excluding nuclear energy, EBITDA is set to show growth of 39% at € 2.631bn. In the quarter, the group should benefit from a good contribution from grid operations which are expected to come in 25% higher at € 1.83bn while customer solutions should be boosted by a marked catch-up in all divisions at € 800m (+93%). Group EBIT is forecast at € 1.971bn (+42%) and adjusted profit at € ...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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