E.ON : Q1 in Line with expectations
>Results in line with expectations - EON released this morning 1Q20 figures in line with expectations. EBITDA came in at € 2,184m (stable) vs € 2,086m expected (€ 2,167m consensus). EBIT was slightly higher than expected to €1,460m (-5.7%) vs € 1,450m expected (ODDO BHF) and € 1,424m (consensus). Net income is in line with expectations to € 69m (-8.1%). The ND came from € 39.4bn last year to € 40.2bn at the end of the Q1 mainly impacted by the seasonal weak operating ...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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