Entering text into the input field will update the search result below

E.ON posts heavy loss, warns on 2015

Mar. 11, 2015 7:30 AM ETE.ON SE (EONGY) StockEONGY, ENAKFBy: Yoel Minkoff, SA News Editor1 Comment
  • E.ON (OTCPK:EONGY) fell to a multibillion-euro loss last year on hefty write-downs and a glut of power in its home market, warning that low oil prices, volatile currencies, and a continued decline in European power prices could pressure earnings this year.
  • The German utility reported a net loss €3.2B ($3.4B) for 2014, the largest in the company’s history, compared with a profit of €2.1B the previous year. Underlying profit fell 24% to €1.6B in the year to end-December.
  • E. ON also announced that it will provide initial details in Q2 on its planned split, after announcing in December that it would separate into two units - one focused on renewable energy and the other on fossil fuel power stations.

Recommended For You

About EONGY Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
EONGY--
E.ON SE