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  >  Innogy SE    IGY   DE000A2AADD2

INNOGY SE

(IGY)
  Report
SummaryQuotesNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

innogy : sells its offshore installation vessel to Hong Kong based leasing company

share with twitter share with LinkedIn share with facebook
04/22/2020 | 02:53am EDT
  • Divestment fits innogy's strategic decision to exit the offshore service vessel market
  • Installation vessel 'Seabreeze II' successfully delivered to new owner

innogy's offshore installation vessel 'Seabreeze II' has a new owner: innogy has sold and handed over the installation vessel and related equipment to SPIC Ronghe International Financial Leasing Co. Ltd. A corresponding agreement between innogy and the Hong Kong based company had previously been signed in February.

Richard Sandford, Director of Offshore Investment & Asset Management at innogy SE explains:
'A decade ago innogy took the decision to eliminate an important bottleneck in the construction of offshore wind farms via the ownership and operation of its own installation vessels. However, since that time, such bottlenecks have eased through the availability of a range of state of the art installation vessels that are available worldwide in innogy's current and future core markets. As ownership and operation of offshore service vessels is not considered as a core business activity of innogy, and following on from the sale of the sister vessel 'Seabreeze I' ('Victoria Mathias') in 2015, we are convinced that selling our remaining offshore installation vessel 'Seabreeze II' is now the right step for innogy. Nevertheless, the vessel meets the requirements of the currently rapidly growing Asian offshore markets and is a great asset to her new owner. The transaction can be considered as a win-win situation for all stakeholders. I would like to thank the dedicated team that has attended to the vessel over the years for its commitment and the successful realization of this transaction.'

The vessel 'Seabreeze II' (formerly named 'Friedrich Ernestine', currently sailing under the name 'Tuo Peng') was previously under long-term charter to a Chinese joint venture.

Disclaimer

Innogy SE published this content on 22 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2020 06:52:05 UTC

share with twitter share with LinkedIn share with facebook
Latest news on INNOGY SE
06/22INNOGY : chooses 14 MW turbines for its 1.4 GW Sofia Offshore Wind Farm
PU
06/18INNOGY : sells US wood pellet plant to Enviva
PU
06/03GLOBAL MARKETS LIVE: Google and Facebook in trouble
06/02Innogy shares to be delisted as E.ON completes takeover
RE
05/28E.ON sees no pickup in power demand after 'dramatic' decline - CEO
RE
05/28E.ON expects Innogy squeeze-out to be completed soon
RE
05/18German parties end row over onshore wind turbines, lift solar energy cap
RE
05/12GLOBAL MARKETS LIVE: Boeing’s dire prediction
05/12E.ON expects hit from coronavirus pandemic, keeps 2020 outlook
RE
05/12INNOGY : operations perform as expected in the first quarter of 2020
PU
More news
Financials
Sales 2020 38 343 M 43 274 M 43 274 M
Net income 2020 926 M 1 045 M 1 045 M
Net Debt 2020 - - -
P/E ratio 2020 27,0x
Yield 2020 3,22%
Capitalization 24 222 M 27 370 M 27 337 M
EV / Sales 2019
Capi. / Sales 2020 0,63x
Nbr of Employees 34 523
Free-Float -
Chart INNOGY SE
Duration : Period :
Innogy SE Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 36,87 €
Last Close Price 43,60 €
Spread / Highest target -1,79%
Spread / Average Target -15,4%
Spread / Lowest Target -28,9%
EPS Revisions
Managers
NameTitle
Leonhard Birnbaum Chief Executive Officer
Johannes Teyssen Chairman-Supervisory Board
Bernhard Günther Chief Financial & Human Resources
Frank Bsirske Deputy Chairman-Supervisory Board
Robert Leyland Member-Supervisory Board