Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UTILITIES
E.On results shouldn’t contain many surprises, having already released preliminaries. Normalisation expected in 2024.
- Analyst expectations for revenue at €107.98bn, albeit with a wide range.
- Guidance for €9.4bn adj. EBITDA which was an upgrade has not been fully reflected in consensus (€9.04bn).
- For 2024 analysts expect €8.51bn adj. EBITDA, lower YoY with energy prices normalising.
- Potential updates on remuneration rates in Germany will be watched closely.
- E.On spreads are ~15bp tighter YTD, in line with the index. Last issue was a dual tranche € in early January.
- As has been the case most of the time, EOANGR trades through comps, but to a lesser extent now.
- Call 10.00 CET https://slidesync.com/eavm59mvMY?embed=true&locale=en
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok