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

E.ON SE

(EOAN)
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E ON : sells innogy's electricity and gas retail business in the Czech Republic to MVM Group

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07/13/2020 | 09:30am EDT

German Energy Company E.ON SE and MVM Group today signed an agreement regarding the sale of innogy SE's entire electricity and gas retail business in the Czech Republic, innogy Ceska republika a.s., for an undisclosed amount.

The transaction is subject to the approval of the European Commission and is expected to close before year-end. innogy is currently supplying 1.2 million gas customers and 0.4 million electricity customers in the Czech Republic.

This transaction marks the final step in the fulfilment of the remedies offered by E.ON in the context of the antitrust approval of E.ON's takeover of innogy. E.ON has previously entered into agreements for the sale of a significant part of E.ON's German heating electricity business, part of E.ON's electricity retail business in Hungary and regarding the discontinuation of the construction and operation of a number of electric-vehicle charging stations on motorways in Germany.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.

Contact:

Verena Nicolaus-Kronenberg

Tel: +49 152 09331400

Email: verena.nicolaus-kronenberg@eon.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Sales 2020 62 488 M 73 416 M 73 416 M
Net income 2020 1 286 M 1 511 M 1 511 M
Net Debt 2020 33 555 M 39 424 M 39 424 M
P/E ratio 2020 17,5x
Yield 2020 5,04%
Capitalization 24 483 M 28 743 M 28 765 M
EV / Sales 2020 0,93x
EV / Sales 2021 0,91x
Nbr of Employees 80 366
Free-Float 83,7%
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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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