E.ON’s results were positively impacted by the Gazprom one-off from the renegotiation contract that boosted earnings for the group. However, revenues decreased 12% yoy to €27.13bn, where the greatest decreases were felt on the generation side (-41% yoy) and the E&P division (-68%). On EBITDA, the renegotiation contract alone provided €400m, pushing up the trading division’s earnings and the consolidated values of the group towards 8% yoy to €3.07bn. Nevertheless
11 May 2016
Results boosted by one-offs, margin contraction accelerates. Capital measures may be needed
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Results boosted by one-offs, margin contraction accelerates. Capital measures may be needed
E.ON SE (EOAN:WBO) | 0 0 1.3% | Mkt Cap: 17,847m
- Published:
11 May 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
E.ON’s results were positively impacted by the Gazprom one-off from the renegotiation contract that boosted earnings for the group. However, revenues decreased 12% yoy to €27.13bn, where the greatest decreases were felt on the generation side (-41% yoy) and the E&P division (-68%). On EBITDA, the renegotiation contract alone provided €400m, pushing up the trading division’s earnings and the consolidated values of the group towards 8% yoy to €3.07bn. Nevertheless