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

Innogy shares to be delisted as E.ON completes takeover

share with twitter share with LinkedIn share with facebook
06/02/2020 | 12:23pm EDT
Innogy logo in Essen, Germany

Shares in Innogy, once Germany's No.1 energy group by market cap, are expected to be delisted this week, as rival E.ON said it completed a buy-out of minority shareholders as part of a broader deal to break up the firm.

"In the months ahead, we'll focus on the practical integration of all former Innogy operations into our Group. Throughout this process, we'll ensure that our customers' interests will continue to always have priority," E.ON Chief Executive Johannes Teyssen said.

The landmark deal to break up Innogy, originally carved out from RWE and listed in October 2016, was unveiled more than two years ago and saw its assets divided between E.ON and its former parent.

As part of the break-up, RWE agreed to acquire the renewable operations of both Innogy and E.ON, turning it into Europe's third-largest clean energy group as well as the world's second-largest offshore wind player after Orsted.

E.ON, meantime, acquired Innogy's networks and retail activities, giving it 51.5 million clients and a regulated asset base of 33.2 billion euros ($37.10 billion) across Europe, the most on the continent.

RWE boss Rolf Martin Schmitz expects further upheaval in the energy sector, with the trend toward further specialisation on the model of E.ON and RWE.

"A lot can certainly still happen on a European level," he told the Frankfurter Allgemeine Zeitung daily. "The size you need to really operate internationally and invest in future technology is constantly increasing."

E.ON said shares in Innogy were likely to be delisted this week following the successful squeeze-out of Innogy's minority shareholders.

The final steps of the transaction, including the transfer of Innogy's renewables business, gas storage and a stake in Austria's KELAG [KELAG.UL] to RWE, are expected to be implemented at the end of June.

(Reporting by Christoph Steitz, additional reporting by Emma Thomasson; Editing by Michelle Martin and Emelia Sithole-Matarise)


Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 3.09% 22.72 Delayed Quote.313.09%
BASE CO., LTD. -5.80% 6500 End-of-day quote.140.44%
BASE,INC. -3.85% 12500 End-of-day quote.612.25%
E.ON SE 0.93% 9.528 Delayed Quote.0.04%
INNOGY SE 0.00%End-of-day quote.-2.24%
JUST GROUP PLC -0.68% 46.64 Delayed Quote.-40.96%
ORSTED A/S 0.50% 974.4 Delayed Quote.41.42%
RWE AG 1.59% 33.2 Delayed Quote.21.39%
WILL GROUP, INC. 1.55% 852 End-of-day quote.-31.95%
WORLD CO., LTD. 1.31% 1397 End-of-day quote.-48.09%
share with twitter share with LinkedIn share with facebook
All news about E.ON SE
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
09/17E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
09/16E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
More news
Financials
Sales 2020 64 137 M 76 013 M 76 013 M
Net income 2020 1 195 M 1 416 M 1 416 M
Net Debt 2020 34 543 M 40 940 M 40 940 M
P/E ratio 2020 17,4x
Yield 2020 5,02%
Capitalization 24 614 M 29 118 M 29 171 M
EV / Sales 2020 0,92x
EV / Sales 2021 0,91x
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
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 11,07 €
Last Close Price 9,44 €
Spread / Highest target 36,7%
Spread / Average Target 17,2%
Spread / Lowest Target -8,90%
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-0.88%29 118
NATIONAL GRID PLC-1.01%43 070
SEMPRA ENERGY-12.67%38 263
ENGIE-22.15%32 002
RWE AG19.49%26 143
PPL CORPORATION-20.76%21 857