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MarketScreener Homepage  >  Equities  >  Xetra  >  Uniper SE    UN01   DE000UNSE018

UNIPER SE

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Uniper Reaches Employee Agreements After Closure of Fortum Deal

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07/16/2020 | 09:57am EDT

By Giulia Petroni

 

Uniper SE said Thursday that it has reached an agreement with representatives from unions to guarantee employees' stability and job security.

The German utility said existing collective and company agreements have been extended until the end of 2026, with an additional two-year extension option, and that it would adhere to existing collective bargaining agreements at the company's European locations. Finland's Fortum Oyj completed a deal to become Uniper's majority owner earlier this year.

Uniper also said Dusseldorf would remain its headquarters at least for the duration of the agreement and that the current number of employees would remain generally stable at its central European locations.

The agreement comes as Uniper focuses increasingly on a decarbonized energy supply, committing to closing down German hard-coal power plants by 2025.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
FORTUM OYJ -2.34% 16.67 Delayed Quote.-22.41%
UNIPER SE -0.75% 26.48 Delayed Quote.-9.59%
WTI 2.22% 39.435 Delayed Quote.-36.11%
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Financials
Sales 2020 67 466 M 79 677 M 79 677 M
Net income 2020 685 M 809 M 809 M
Net Debt 2020 1 504 M 1 776 M 1 776 M
P/E ratio 2020 14,2x
Yield 2020 5,13%
Capitalization 9 691 M 11 468 M 11 445 M
EV / Sales 2020 0,17x
EV / Sales 2021 0,17x
Nbr of Employees 11 746
Free-Float 21,1%
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Mean consensus UNDERPERFORM
Number of Analysts 18
Average target price 24,73 €
Last Close Price 26,68 €
Spread / Highest target 18,1%
Spread / Average Target -7,31%
Spread / Lowest Target -30,7%
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Managers
NameTitle
Andreas Schierenbeck Chief Executive Officer
Klaus-Dieter Maubach Chairman-Supervisory Board
David Bryson Chie Operating Officer
Sascha Bibert Chief Financial Officer
Oliver Biniek Member-Supervisory Board
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