Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

E.ON SE

(EOAN)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 04/09 03:59:42 pm
8.906 EUR   +2.13%
04/07EON AG : UBS sticks Neutral
MD
04/07EON AG : Kepler Chevreux sticks Neutral
MD
04/07EON AG : Bernstein gives a Buy rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

E ON : banks on networks to weather coronavirus crisis

share with twitter share with LinkedIn share with facebook
share via e-mail
03/25/2020 | 04:22am EDT
E.ON headquarters in Essen

FRANKFURT/DUESSELDORF, Germany (Reuters) - E.ON forecast a jump in profit this year sending its shares up more than 11% as Europe's largest energy network operator looks to ride out the coronavirus crisis supported by revenue from its regulated grids.

"E.ON can and will deal with this downturn better than most other energy companies," CEO Johannes Teyssen told journalists at the group's annual news conference on Wednesday, pointing to its changed strategy following the break-up of rival Innogy.

It expects adjusted earnings before interest and tax (EBIT) to rise by as much as 28% this year -- to 3.9-4.1 billion euros ($4.22-4.44 billion) from 3.2 billion -- buoyed by grids and retail operations it acquired from Innogy.

Between 2020 and 2022 EBIT is expected to grow 7-9% per year, the company said. It forecast adjusted net income for this year at 1.7-1.9 billion euros, up from 1.5 billion.

The company, which supplies about 50 million customers in Europe, said dividends are expected to grow by 5% annually up to 2022. It is paying 0.46 euros per share for 2019.

Teyssen said the pandemic was having an impact on energy demand across the continent and would have a temporary impact on the group's network and sales business, adding there could be delays in its ability to deliver energy infrastructure projects. He did not quantify the expected impact.

But he reiterated that about 80% of the group's operating profit was regulated.

Financially vulnerable clients will not be disconnected from supply for the time being, Teyssen said. Across the group confirmed coronavirus cases currently stand at 37, he said.

"A reassuring and supporting strong investment case," said a local trader while analysts at Bernstein and Jefferies called the outlook encouraging.

Shares in E.ON, which said it would invest about 13 billion euros over the next three years, were up 11% at the top of Germany's blue-chip index.

(Additional reporting by Vera Eckert; editing by Scot W. Stevenson and Jason Neely)

By Christoph Steitz and Tom Käckenhoff

Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE 2.27% 8.918 Delayed Quote.-8.44%
INNOGY SE 0.69% 43.54 Delayed Quote.-3.05%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on E.ON SE
04/07EON AG : UBS sticks Neutral
MD
04/07EON AG : Kepler Chevreux sticks Neutral
MD
04/07EON AG : Bernstein gives a Buy rating
MD
04/07EON AG : RBC lowers his opinion and switches to Neutral
MD
04/06EON AG : Kepler Chevreux remains Neutral
MD
04/06OVO Energy launches coronavirus hardship scheme for customers
RE
04/06UK energy suppliers E.ON UK, Npower furlough staff due to coronavirus restric..
RE
04/06E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
04/03EON AG : Deutsche Bank reiterates its Neutral rating
MD
04/02RWE enters Taiwanese offshore wind market
RE
More news
Financials (EUR)
Sales 2020 63 690 M
EBIT 2020 3 871 M
Net income 2020 1 166 M
Debt 2020 24 611 M
Yield 2020 5,31%
P/E ratio 2020 22,8x
P/E ratio 2021 16,7x
EV / Sales2020 0,75x
EV / Sales2021 0,75x
Capitalization 23 253 M
Chart E.ON SE
Duration : Period :
E.ON SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends E.ON SE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 10,60  €
Last Close Price 8,92  €
Spread / Highest target 45,8%
Spread / Average Target 18,8%
Spread / Lowest Target -10,3%
EPS Revisions
Managers
NameTitle
Johannes Teyssen Chairman-Management Board
Karl-Ludwig Kley Chairman-Supervisory Board
Karsten Wildberger Chief Operating Officer-Commercial
Marc Spieker Chief Financial Officer
Teresa Marie Jäschke Head-Digitization, IT, HR & Diversity
Sector and Competitors
1st jan.Capitalization (M$)
E.ON SE-8.44%24 724
ORSTED A/S-5.86%40 063
NATIONAL GRID PLC-7.64%37 998
SEMPRA ENERGY-19.43%35 687
ELECTRICITÉ DE FRANCE-22.86%25 805
ENGIE-34.57%24 724