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MarketScreener Homepage  >  Equities  >  Xetra  >  E.ON    EOAN   DE000ENAG999

E.ON (EOAN)
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E.ON CEO won't renew contract beyond 2021 - Manager Magazin

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06/21/2018 | 01:13pm CEST
FILE PHOTO:  Chief Executive of German utility E.ON Teyssen attends annual shareholders meeting in Essen

FRANKFURT (Reuters) - E.ON Chief Executive Johannes Teyssen will step down after his current contract expires at the end of 2021, he told a German magazine in an interview.

Teyssen said he will be busy over the next three years with integrating the networks and retail assets of Innogy, E.ON's German rival which it agreed to break up with RWE earlier this year.

"And then I will stop. I have decided not to renew my contract again, eleven years as CEO are enough," Teyssen was quoted as saying by monthly Manager Magazin in an interview published on Thursday.

(Reporting by Christoph Steitz; Editing by Ludwig Burger)

Stocks mentioned in the article
ChangeLast1st jan.
E.ON 3.64% 8.992 Delayed Quote.-4.25%
INNOGY SE 0.55% 38.4 Delayed Quote.16.88%
RWE -0.56% 21.34 Delayed Quote.26.24%
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Financials (€)
Sales 2018 36 261 M
EBIT 2018 2 919 M
Net income 2018 1 465 M
Debt 2018 15 066 M
Yield 2018 4,99%
P/E ratio 2018 12,22
P/E ratio 2019 12,21
EV / Sales 2018 0,94x
EV / Sales 2019 0,94x
Capitalization 19 097 M
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 10,9 €
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Johannes Teyssen Chairman-Management Board & CEO
Karl-Ludwig Kley Chairman-Supervisory Board
Karsten Wildberger Chief Operating Officer-Commercial
Marc Spieker Chief Financial Officer
Ulrich Lehner Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
E.ON-4.25%22 501
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ENGIE-13.46%35 595
NATIONAL GRID PLC-10.65%35 245
SEMPRA ENERGY6.92%31 262
ORSTED21.64%27 365