Key Developments: E.ON SE (EONGY.PK)
17.15USD
24 May 2013
$-0.05 (-0.29%)
$17.20
$16.92
$17.21
$16.92
29,527
64,836
$25.60
$15.58
Latest Key Developments (Source: Significant Developments)
E.ON SE Reaffirms FY 2013 EBITDA and Net Income Guidance
E.ON SE announced that it has reaffirmed its EBITDA and net income guidance for fiscal year 2013. The Company expects its 2013 EBITDA to be between EUR 9.2 billion and EUR 9.8 billion, and its 2013 underlying net income to be between EUR 2.2 billion and EUR 2.6 billion. According to I/B/E/S Estimates, the analysts are on average expecting the Company to report for fiscal year 2013 EBITDA of EUR 9.50210 billion and net income of EUR 2.52435 billion. Full Article
Norwegian Energy Company ASA Announces Start of Production at Huntington Field in License Shared with E.ON SE's Unit, Premier and Iona Energy Inc
Norwegian Energy Company ASA announced that it has been advised by its operating partner, E.ON SE's E.ON Exploration and Production that production from the Huntington field, in license shared with Premier and Iona Energy Inc, has commenced. The field will increase Norwegian Energy Company's overall production and contribute to a increase in cash flow. The Huntington development includes the Voyageur Spirit FPSO (floating production, storage and offloading vessel) specifically modified to meet the field requirements, a six well subsea drilling template, and a 12 kilometer gas export pipeline connected to the BP CATS transportation system, allowing export of gas. Huntington is located on the United Kingdom Continental Shelf, and is expected to have a production capacity of approximately 30,000 barrels of oil per day. Norwegian Energy Company has a 20% interest in the Huntington field. E.ON Exploration and Production is the operator of the field with a 25% interest. Other partners are Premier (40 %) and Iona Energy (15 %). Full Article
E.ON SE Acquires 24.5% Stake in MPX Energia SA; MPX Energia SA Announces Capital Increase; E.ON SE and MPX Energia SA Create Joint Venture
MPX Energia SA announced that on March 27, 2013 its controlling shareholder Mr. Eike Fuhrken Batista (EB) and E.ON SE (E.ON) entered into an agreement on March 28, 2013 aimed at the acquisition of a 24.5% stake in the Company by E.ON corresponding to 141,544,637 shares and a subsequent primary offering registered upon the Securities and Exchange Commission (CVM) at the value of approximately BRL 1.2 billion and the value per share of BRL 10.00 which will be done in the second quarter of 2013 and which will augment the Company's share capital. Once the offer completed, the Company will submit to the proposal of the general meeting the establishment by the Company of MPX E.ON Participacoes SA, a joint venture between the Company and E.ON (JV). After the acquisition of shares, E.ON will be holder of a 36.2% stake in the Company. Acquisition price is BRL 10.00 per share. The Company will keep the market informed on the issue. Full Article
E.ON SE Issues FY 2013 EBITDA and Net Income Guidance in Line with Analysts’ Estimates
E.ON SE announced that it expects its 2013 EBITDA to be between EUR 9.2 billion and EUR 9.8 billion. E.ON SE also announced that it expects its 2013 underlying net income to be between EUR 2.2 billion and EUR 2.6 billion. According to I/B/E/S Estimates, the analysts are on average expecting the Company to report for fiscal year 2013 EBITDA of EUR 9.62399 billion and net income of EUR 2.51967 billion. Full Article
E.ON SE to Propose FY 2012 Dividend
E.ON SE announced that its Board of Management and Supervisory Board will propose to the Annual Shareholders Meeting that the Company pay out a fiscal year 2012 dividend of EUR 1.10 per share. Full Article
Wildhorse Energy Ltd Inks MoU With E.ON SE Hungary Unit-DJ
Dow Jones reported that Wildhorse Energy Ltd has signed a non-binding memorandum of understanding with the Hungarian subsidiary of E.ON SE, to examine and evaluate the feasibility of constructing an underground coal gasification commercial demonstration plant in Hungary. Plans an underground coal gasification, or UCG, commercial demonstration plant with a size of 100 megawatt thermal, or MWt, syngas, 50 megawatt electric, MWe. Legislative development path for UCG in Hungary demonstrated to be relatively simple. Full Article
GDF Suez SA and E.ON AG Announce Agreement to Sell Combined Stake in Slovak Gas Company SPP
GDF Suez SA and E.ON AG announced that they have signed an agreement with Energeticky a Prumyslovy Holding (EPH), a Czech power market player, for the sale of their combined 49% indirect stake in Slovensky Plynarensky Priemysel a. s. (SPP), the Slovak gas operator. This participation has been held through a 50/50 joint venture between GDF Suez and E.ON since the 2002 partial privatization procedure. EPH will acquire 100% of the share capital of this joint venture. The agreement values the GDF Suez 24.5% stake in SPP at EUR 1.3 billion. Full Article
E.ON AG Opens Business Center in Romania-SeeNews - The Corporate Wire
SeeNews - The Corporate Wire reported that E.ON AG has opened a business services center in the northwestern Romanian city of Cluj Napoca. E.ON Business Services, which was opened on January 8, 2013, will provide mainly accounting services for all E.ON AG’s companies around the world as well as human resources services. E.ON AG estimates that the new center, which covers an area of 2,000 square meters, will create around 500 jobs in the coming years. The Company plans to have around 200 employees in 2013. E.ON AG has been present in Romania in the power and gas distribution and delivery fields. It has 2.9 million customers in the country. E.ON AG entered Romania is 2005 and has invested more than RON 4.4 billion (USD 1.3 billion / EUR 998 million) in its local business. Full Article
Fortum Oyj and E.ON AG's OKG's Nuclear Reactor to Shut Down-Reuters
Reuters reported that Sweden's 638-megawatt Oskarshamn-2 nuclear reactor, operated by OKG, owned by E.ON AG and Fortum Oyj, will be shut for 14 days because of unplanned maintenance in auxiliary power systems. OKG expects the reactor to be completely offline by December 6, 2012 afternoon and see it returning two weeks later. Full Article
E.ON AG Reaffirms FY 2012 Earnings Forecast; Announces FY 2013 Forecast No Longer Achievable; Announces FY 2012 Dividend
E.ON AG announced that, on the basis of its current business portfolio, it continues to expect its full-year 2012 EBITDA to be between EUR 10.4 billion and EUR 11 billion and its underlying net income to be between EUR 4.1 billion and EUR 4.5 billion. E.ON AG also announced that it stands by its plan to pay out a dividend of EUR 1.10 per share for fiscal year 2012. E.ON AG also announced that, considering the substantial economic uncertainties and the structural changes in the energy industry, the Company’s previous 2013 forecast no longer seems achievable. E.ON AG is therefore reviewing its 2013 forecast and statements regarding 2015 as part of its current planning process. According to I/B/E/S Estimates, the analysts are on average expecting the Company to report for fiscal year 2012 EBITDA of EUR 10.70356 billion and net income of EUR 4.16504 billion. Full Article
E.ON expects to sell stakes in regional units this year -CFO
FRANKFURT, May 8 - E.ON expects to sell its stakes in two regional units this year rather than next, its chief financial officer said on Wednesday.
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