FY release was negatively impacted by impairments. A weak outlook was provided and there are increasing doubts around future dividend payments. The top-line results were slightly better than expected as revenues reached €116bn with a 4% yoy increase, while margin contraction pushed EBITDA to an 8% yoy decrease, reaching €7.6bn. However, impairment charges of €8.4bn mainly on power generation (with a small reversal on grids), added to €510m on restructuring and cost managem
14 Mar 2016
Results deteriorate rapidly before spin-off, uncertainty increases on dividend payments
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Results deteriorate rapidly before spin-off, uncertainty increases on dividend payments
E.ON SE (EOAN:WBO) | 0 0 1.3% | Mkt Cap: 17,847m
- Published:
14 Mar 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
FY release was negatively impacted by impairments. A weak outlook was provided and there are increasing doubts around future dividend payments. The top-line results were slightly better than expected as revenues reached €116bn with a 4% yoy increase, while margin contraction pushed EBITDA to an 8% yoy decrease, reaching €7.6bn. However, impairment charges of €8.4bn mainly on power generation (with a small reversal on grids), added to €510m on restructuring and cost managem