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
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

E ON : Shrugging off COVID-19, RWE eyes upper end of outlook range

share with twitter share with LinkedIn share with facebook
08/13/2020 | 03:37am EDT
FILE PHOTO: Rolf-Martin Schmitz, CEO of energy supplier RWE and CFO Markus Krebber address a news conference in Essen

RWE, Germany's biggest electricity producer, on Thursday said it will reach the upper end of its 2020 outlook for both core and operating profit after what it said was a strong first half.

Europe's No.3 renewables player posted an 18% rise in first-half adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), citing capacity market payments in Britain, higher wholesale power prices and stronger wind output.

"The coronavirus continues to cast a shadow over the global economy," Chief Financial Officer Markus Krebber said.

"But RWE has weathered these difficult times well so far, and this is also reflected in our business performance for the first six months."

The group said it now expects to hit the upper end of the forecast range for adjusted EBITDA and EBIT, of 2.7 billion to 3.0 billion euros ($3.2-$3.5 billion) and 1.2 billion to 1.5 billion euros respectively.

Shares in the company were indicated to open 1.4% higher in pre-market trade, with traders pointing to the positive outlook.

"RWE did comparably very well with its renewables core business, especially given the tough COVID environment E.ON showed yesterday," a Frankfurt-based trader said.

E.ON, which focuses on energy grids and retail, on Wednesday cut its outlook due to the impact of the coronavirus crisis on its business.

Among RWE's business units, the strongest increase occurred at its coal and nuclear division, where higher wholesale prices led adjusted EBITDA to more than double in the first half to 310 million euros.

(Editing by Michelle Martin, Maria Sheahan and Jan Harvey)

By Christoph Steitz


Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE 0.88% 8.922 Delayed Quote.-7.12%
RWE AG 1.47% 31.86 Delayed Quote.14.77%
share with twitter share with LinkedIn share with facebook
All news about E.ON SE
06:25aE.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
10/29E ON : Sustainable shift, consumers demand greener products in wake of pandemic
AQ
10/20E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
10/19E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
10/08Polish utilities set to begin separating coal from other assets in 2021
RE
10/07TIMELINE-Twists and turns in Russia's Nord Stream 2 gas pipeline to Germany
RE
09/28E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
09/23E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
09/23E ON : Old green power plants seek to regenerate as Germany turns off subsidies
RE
09/21E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
More news
Financials
Sales 2020 64 137 M 74 841 M 74 841 M
Net income 2020 1 195 M 1 395 M 1 395 M
Net Debt 2020 34 543 M 40 308 M 40 308 M
P/E ratio 2020 16,3x
Yield 2020 5,35%
Capitalization 23 065 M 26 895 M 26 914 M
EV / Sales 2020 0,90x
EV / Sales 2021 0,88x
Nbr of Employees 80 366
Free-Float 83,7%
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
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 11,07 €
Last Close Price 8,85 €
Spread / Highest target 45,8%
Spread / Average Target 25,1%
Spread / Lowest Target -2,78%
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-7.12%26 895
NATIONAL GRID PLC-2.07%42 016
SEMPRA ENERGY-16.02%36 800
ENGIE-28.68%28 898
RWE AG14.77%24 751
PPL CORPORATION-23.10%21 211