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MarketScreener Homepage  >  Equities  >  Xetra  >  Innogy SE    IGY   DE000A2AADD2

INNOGY SE (IGY)
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Innogy : to put electric vehicle business into separate company

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12/27/2018 | 06:28am EST
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 2018 39 276 M
EBIT 2018 2 674 M
Net income 2018 1 171 M
Debt 2018 15 221 M
Yield 2018 3,90%
P/E ratio 2018 19,11
P/E ratio 2019 19,41
EV / Sales 2018 0,96x
EV / Sales 2019 0,97x
Capitalization 22 494 M
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Mean consensus HOLD
Number of Analysts 18
Average target price 37,1 €
Spread / Average Target -8,3%
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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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