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EONGY.PK on OTC Markets Group

21 Feb 2017
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Latest Key Developments (Source: Significant Developments)

E.ON SE raises FY 2016 forecast
Tuesday, 29 Mar 2016 09:53am EDT 

E.ON SE:Said it had reached an agreement with Russia's Gazprom to cut prices of long-term gas supply contracts, leading to one-off effects that allows it to raise its outlook for 2016.Expects 2016 EBITDA of 6.4 billion euros - 6.9 billion euros.Expects 2016 underlying net income of 1.5 billion euros - 1.9 billion euros.FY 2016 EBITDA estimate 6.4 billion euros - Thomson Reuters I/B/E/S.FY 2016 net income estimate 1.4 billion euros - Thomson Reuters I/B/E/S.  Full Article

E.ON SE - UK's Competition Markets Authority proposes energy price cap for some customers - Reuters News
Wednesday, 9 Mar 2016 09:05pm EST 

E.ON SE:Britain's competition watchdog wants to impose an energy price cap for 4 mln households on pre-payment meters, a document seen by Reuters showed, a watering down of previous proposals - RTRS.The Competition Markets Authority (CMA) proposals on Thursday are the provisional outcome of an investigation into whether the country's largest energy suppliers, also known as the "Big Six", have distorted competition in the energy market.The inquiry, which was launched in June 2014, is intended to clear up once and for all whether SSE, Iberdrola's Scottish Power, Centrica, RWE npower, E.ON and EDF Energy were abusing their control of the market.The price control for pre-payment meter customers would reduce their bills by a total of 300 million pounds a year and will remain in place until 2020, the CMA said.Last year, the CMA had proposed a price cap for all customers on the most expensive tariffs.On Thursday, the CMA said that in total, customers may have been paying around 1.7 billion pounds a year more than they would have done in a competitive market.The watchdog also proposed that a database is created, to be controlled by the energy regulator, to allow rival suppliers to contact customers who have been on more expensive tariffs for three years or more with better deals.  Full Article

E.ON SE issues FY 2016 outlook in line with analysts' estimates
Wednesday, 9 Mar 2016 01:30am EST 

E.ON SE:Expects 2016 EBITDA of 6 billion-6.5 billion euros.Expects 2016 underlying net income of 1.2 billion-1.6 billion euros.FY 2016 EBITDA 6,511 million euros - Thomson Reuters I/B/E/S.FY 2016 net income 1,425 million euros - Thomson Reuters I/B/E/S.  Full Article

RWE and E.ON jointly sell their minority stakes in the Luxembourg utility Enovos
Tuesday, 22 Dec 2015 07:00pm EST 

RWE AG:RWE and E.ON have yesterday signed agreement to jointly sell their respective 18.4 pct and 10 pct shareholding in Luxembourg utility Enovos International S.A. to a consortium led by Grand Duchy of Luxembourg and Ardian.Transaction is expected to close in the first quarter of 2016.Parties agreed to not disclose the purchase price.  Full Article

E.ON SE to acquire Italian energy service company Heat & Power‍
Tuesday, 15 Dec 2015 07:00pm EST 

E.ON SE:Says to acquire Ialian energy service company Heat & Power‍​.Heat & Power has 22 megawatt installed capacity‍​.  Full Article

E.ON invests in American start-up Greensmith
Tuesday, 8 Dec 2015 07:00pm EST 

E.ON SE:Has invested in Greensmith, bringing the U.S.-based start-up’s total Series C round to $18.3 million.Says it is a further step for E.ON to expand its venture-capital activities.  Full Article

E.ON SE reconfirms FY 2015 outlook
Wednesday, 11 Nov 2015 01:30am EST 

E.ON SE:Confirms full-FY 2015 outlook.Just a few weeks before Uniper begins operations in January, E.ON reaffirmed its forecast for full-year 2015.Continues to expect its EBITDA to be between 7 billion and 7.6 billion euros and its underlying net income to be between 1.4 billion and 1.8 billion euros.FY 2015 EBITDA estimate 7.24 billion euros - Thomson Reuters I/B/E/S.FY 2015 net income estimate 1.62 billion euros - Thomson Reuters I/B/E/S.  Full Article

E.ON SE agrees $1.6 billion sale of North Sea assets to Fridman
Wednesday, 14 Oct 2015 05:00am EDT 

E.ON SE:To divest Norwegian exploration & production business to DEA.To sell Norwegian E&P business for $1.6 billion to DEA Deutsche Erdoel AG (including $0.1 billion of cash).Says UK E&P business remains under strategic review.  Full Article

E.ON SE - UK watchdog extends energy market probe to June 2016 - Reuters
Sunday, 20 Sep 2015 08:00pm EDT 

E.ON SE:Britain's competition authority has extended the deadline for its investigation into the country's largest energy suppliers by six months to late June 2016 to consider feedback from industry and consumer groups, it said on Monday - Reuters.Six suppliers -- SSE , Scottish Power, Centrica, RWE npower, E.ON and EDF Energy -- control more than 90 percent of the market and are under intense scrutiny because of public outrage over rising energy bills - Reuters.The Competition and Markets Authority (CMA) said it would aim to deliver the findings "well within" the new timeframe, with a provisional decision by January and a final decision by the end of April - Reuters.An interim update to the probe, published in February, showed most British energy customers who have not switched supplier and/or tariff have missed out on saving up to 234 pounds ($360) a year - Reuters.  Full Article

E.ON says German nuclear power remains with E.ON, comments FY 2015 outlook
Wednesday, 9 Sep 2015 01:58pm EDT 

E.ON SE:Says supervisory board unanimously approved proposal for German nuclear business and related activities to remain at the future E.ON.This does not affect new corporate strategy and E.ON is planning to spin off a majority of Uniper with its businesses power generation in and outside Europe and global energy trading in 2016 to its shareholders.Outlook for full-year 2015: EBITDA of between 7.0 billion euros and 7.6 billion euros and underlying net income of between 1.4 billion euros and 1.8 billion euros.Expects to record impairment charges in the higher single-digit billion euro range in the current quarter.Non-cash effective impairment charges will result in E.ON reporting substantial negative net income for the 2015 financial year.FY 2015 EBITDA estimate 7.3 billion euros - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

Uniper to cut 100 million euros of staff costs: unions

DUESSELDORF, Germany Energy group Uniper plans to cut personnel costs by about 100 million euros ($105 million) as part of its efficiency program, possibly by curbing performance-based compensation and bonus payments, according to German trade unions IG BCE and Verdi.