E.ON : Resilience to the health crisis
>Q1 in line with expectations - E.ON yesterday morning reported Q1 2020 results broadly in line with forecasts. EBITDA was stable at € 2,184m (ODDO BHF € 2,086m and consensus € 2,150m). EBIT came in at € 1,460 (ODDO BHF € 1,450m and consensus € 1,419m). Adjusted net profit amounted to € 691m versus € 700m forecast. Economic net debt was in line with forecasts at € 40.2bn. By division, we do not note any particular deviation from our estimates (see table page 2)....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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