E.ON SE


Associated tags: E.ON, Electricity, Security (finance), Renewable energy, News

Locations: UKRAINE, DEUTSCHLAND

DGAP-News: E.ON SE: E.ON with robust first-half results despite COVID-19

Retrieved on: 
Wednesday, August 12, 2020
E.ON, Societates Europaeae, Finance, Earnings before interest, taxes, depreciation, and amortization, Johannes Teyssen, ebit, Money, Economy

COVID-19's total unrecoverable adverse impact in 2020 is thus limited to only about 2 percent of EBITDA.

Key Points: 
  • COVID-19's total unrecoverable adverse impact in 2020 is thus limited to only about 2 percent of EBITDA.
  • E.ON also revised its forecast for full-year 2020 to reflect COVID-19's technical earnings effects which are now more apparent.
  • Previously E.ON had announced forecast ranges of 3.9 to 4.1 billion for adjusted EBIT and 1.7 to 1.9 billion for adjusted net income.
  • "Despite a difficult market environment," Johannes Teyssen said, "we were able to realize the full value of these attractive retail businesses.

SAP and E.ON to Build New Process and Technology Platform

Retrieved on: 
Tuesday, July 28, 2020
SAP SE, Societates Europaeae, ERP software, Business software, Business, Companies, SAP S/4HANA, SAP, E.ON, SAP Solution Manager, SAP R/3

WALLDORF, Germany, July 28, 2020 /PRNewswire/ -- SAP SE (NYSE:SAP) and E.ON SE today announced a new partnership to build a platform based on the SAP S/4HANA Utilities solution.

Key Points: 
  • WALLDORF, Germany, July 28, 2020 /PRNewswire/ -- SAP SE (NYSE:SAP) and E.ON SE today announced a new partnership to build a platform based on the SAP S/4HANA Utilities solution.
  • SAP and energy supplier E.ON plan to build a new process and technology platform for E.ON's network operations.
  • E.ON aims to use cloud solutions from SAP (SAP S/4HANA) to make core processes around billing and information exchange more efficient and consistent across its corporate group.
  • Processes will be standardized, with the various energy billing and data exchange systems at E.ON's regional units moving to the new platform.

DGAP-News: E.ON SE: E.ON shows strength and reliability in crisis

Retrieved on: 
Thursday, May 28, 2020
Economy of Germany, Companies, States of Germany, E.ON, Societates Europaeae, Innogy

The crisis makes E.ON's high degree of stability and reliability particularly apparent, Teyssen said: "The COVID-19 crisis reaffirms my conviction that the new E.ON is on the right course.

Key Points: 
  • The crisis makes E.ON's high degree of stability and reliability particularly apparent, Teyssen said: "The COVID-19 crisis reaffirms my conviction that the new E.ON is on the right course.
  • After the innogy takeover, about 80 percent of our earnings are generated in regulated or quasi-regulated businesses, particularly in the network business.
  • The more than 10 billion increase is primarily attributable to the acquisition of a majority stake in innogy in September 2019.
  • Because our society must face the future after corona with all its strength and without getting in its own way."

DGAP-News: E.ON SE: E.ON plans additional infrastructure investments for climate protection and economic stimulus

Retrieved on: 
Tuesday, May 12, 2020
Energy development, Energy policy, Sustainable energy, Articles, Climate change mitigation

Group announces 500 million of additional investments in climate-friendly upgrades of energy infrastructure.

Key Points: 
  • Group announces 500 million of additional investments in climate-friendly upgrades of energy infrastructure.
  • He reaffirmed E.ON's investments in critical infrastructure for the energy transition and announced an additional 500 million in investments for projects with customers to promote a better energy system and climate protection.
  • We believe that accelerating the modernization of environmentally friendly energy infrastructure is a particularly effective way to combine climate protection and local job creation.
  • Co-funding renewables gives Germany policymakers an excellent tool to provide nationwide economic stimulus and to promote climate protection.

DGAP-News: E.ON SE: E.ON pledges social responsibility in corona crises

Retrieved on: 
Wednesday, March 25, 2020

Teyssen affirmed that the company would join other utilities to support the German Energy Association's pledge, until further notice, not to disconnect financially vulnerable customers.

Key Points: 
  • Teyssen affirmed that the company would join other utilities to support the German Energy Association's pledge, until further notice, not to disconnect financially vulnerable customers.
  • Teyssen also addressed the corona crisis's possible implications for the company: "Overall, the energy industry doubtless won't be as hard hit as other industries.
  • After the current crisis, however, network expansion and the installation of climate-friendly energy infrastructure will surely be even more crucial.
  • This too is part of our commitment to corporate social responsibility.