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MarketScreener Homepage  >  Equities  >  Xetra  >  Innogy SE    IGY   DE000A2AADD2

INNOGY SE

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Innogy : to put electric vehicle business into separate company

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12/27/2018 | 07:28am EDT
Innogy logo before the company's annual news conference in Essen

FRANKFURT (Reuters) - German utility Innogy is putting its business serving the electric car industry into a standalone company, separate from its main business as an energy supplier.

"This pooling of our eMobility business is our response to the current challenges of an increasingly fast-growing market", Innogy manager Martin Herrmann said in a statement on Thursday.

The new company, Innogy eMobility Solutions, will cater to the automotive industry, charge point operators, fleet operators and energy providers seeking technologies for their electronic vehicle projects, and will include the recently acquired firms BTC Power and Recargo.

(Reporting by Arno Schuetze; Editing by Mark Potter)

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Financials (€)
Sales 2019 38 577 M
EBIT 2019 2 428 M
Net income 2019 1 000 M
Debt 2019 15 569 M
Yield 2019 3,58%
P/E ratio 2019 22,14
P/E ratio 2020 20,61
EV / Sales 2019 0,99x
EV / Sales 2020 0,99x
Capitalization 22 778 M
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Mean consensus HOLD
Number of Analysts 20
Average target price 36,7 €
Spread / Average Target -10%
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Managers
NameTitle
Uwe Tigges Chairman-Executive Board & Chief Executive Officer
Erhard Walter Schipporeit Chairman-Supervisory Board
Hildegard Müller Chief Operating Officer-Grid & Infrastructure
Martin Friedrich Herrmann Chief Operating Officer-Retail
Hans Friedrich Bünting Chief Operating Officer-Renewables
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