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OFFON

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

E.ON SE

(EOAN)
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E ON : cuts 2020 outlook as coronavirus crisis bites

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08/12/2020 | 02:24am EDT
FILE PHOTO: Electric car is charged at the charging station at the front of the German utility E.ON headquarters in Essen

E.ON, Germany's largest energy group, on Wednesday cut its outlook for the current year as the coronavirus crisis hit its networks and retail business in the second quarter.

"We can now see much more clearly than at the end of the first quarter and can look ahead to the second half of the current year with greater confidence," Chief Executive Johannes Teyssen said.

The group now expects adjusted earnings before interest and tax (EBIT) of 3.6 billion to 3.8 billion euros ($4.2-$4.5 billion), while adjusted net profit is seen at 1.5 billion to 1.7 billion euros.

It had previously forecast adjusted EBIT of 3.9 billion to 4.1 billion euros and adjusted net profit of 1.7 billion to 1.9 billion euros.

COVID-19 is expected to deal a 300 million euro hit to earnings in 2020, provided no further lockdowns are ordered, E.ON said, adding half of that was due to issues of a regulatory nature and could be recovered in the 2022-24 period.

(Reporting by Christoph Steitz; Editing by Michelle Martin)


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Financials
Sales 2020 64 137 M 74 879 M 74 879 M
Net income 2020 1 195 M 1 395 M 1 395 M
Net Debt 2020 34 543 M 40 329 M 40 329 M
P/E ratio 2020 16,3x
Yield 2020 5,35%
Capitalization 23 065 M 26 895 M 26 928 M
EV / Sales 2020 0,90x
EV / Sales 2021 0,88x
Nbr of Employees 80 366
Free-Float 83,7%
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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
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