E.ON : Solid profitability in H1 2020
>H1 2020 results a shade above expectations - Yesterday morning, E.ON reported H1 2020 earnings that were in line with expectations. EBITDA was € 3,656m (+0.2% y-o-y), stable but a shade above expectations (ODDO BHF at € 3,545m and the consensus at € 3,611m). EBIT was € 2,162m (-7% y-o-y) compared to € 2,109m forecast (ODDO BHF/consensus). Adjusted net income was down 11% y-o-y to € 933m, but slightly ahead of expectations, at € 872m forecast by ODDO BHF and € 905m b...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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