Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Innogy SE    IGY   DE000A2AADD2

INNOGY SE (IGY)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Innogy : to spend 1.2 billion euros on e-mobility, solar, glass fibre

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/21/2017 | 03:56pm CEST
Innogy logo in Essen, Germany

Innogy (>> Innogy SE), Germany's largest energy group by market value, will spend up to 1.2 billion euros (£1.06 billion) on e-mobility, photovoltaics and glass fibre networks by 2019, it said in a statement on Thursday.

Innogy (>> Innogy SE), Germany's largest energy group by market value, will spend up to 1.2 billion euros (£1.06 billion) on e-mobility, photovoltaics and glass fibre networks by 2019, it said in a statement on Thursday.

Having been carved out from parent RWE (>> RWE) and separately listed on the stock exchange last year, Innogy now focuses on gas and power networks, renewables and energy retail. RWE still holds a 76.8 percent stake.

A spokeswoman said that the 1.2 billion euro figure is included in Innogy's existing investment plan, under which it will spend 6.5-7.0 billion euros in the 2017-2019 period.

Laying out details of its corporate strategy, Innogy also said it would strengthen its portfolio via acquisitions and divestments, adding it would dispose of units where it is not leading in terms of market share and margins by 2025.

"In the long run, having a positive figure on the bottom line is no longer sufficient for a business segment. If we want to be viable in the future as a company, we need to be among the best," Chief Executive Peter Terium said in a statement.

Terium, who swapped his job as RWE CEO for that at Innogy after the latter's successful carve-out last year, said there would be no taboos with regard as to how that might be achieved.

(Reporting by Christoph Steitz; Editing by Arno Schuetze and Victoria Bryan)

Stocks treated in this article : RWE, Innogy SE
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INNOGY SE
10/13 RWE likely to target Uniper assets after Fortum takeover-sources
10/12 UK ask regulator to set price cap to mend "broken energy market"
10/12 UK energy price cap should allow 'headroom' to protect competition - minister
10/12 Britain asks Ofgem to devise consumer energy price cap plan
10/11 INNOGY : becomes sole owner of British Triton Knoll wind project
10/09 UK energy price cap legislation to be published on Thursday - May's spokesman
10/09 INNOGY SE : Release of a capital market information
10/05 UK must act to stop energy companies overcharging loyal customers - Clark
10/05 Strong consensus in parliament to act on energy price caps - Clark
09/21 INNOGY : to spend 1.2 billion euros on e-mobility, solar, glass fibre
More news
Financials (€)
Sales 2017 43 138 M
EBIT 2017 2 881 M
Net income 2017 1 420 M
Debt 2017 14 285 M
Yield 2017 4,37%
P/E ratio 2017 15,61
P/E ratio 2018 15,15
EV / Sales 2017 0,83x
EV / Sales 2018 0,83x
Capitalization 21 625 M
Chart INNOGY SE
Duration : Period :
Innogy SE Technical Analysis Chart | IGY | DE000A2AADD2 | 4-Traders
Technical analysis trends INNOGY SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Average target price 37,0 €
Spread / Average Target -4,9%
EPS Revisions
Managers
NameTitle
Peter Terium Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Hildegard Müller Chief Operating Officer-Grid & Infrastructure
Martin Friedrich Herrmann Chief Operating Officer-Retail
Hans Friedrich Bünting Chief Operating Officer-Renewables
Sector and Competitors
1st jan.Capitalization (M$)
INNOGY SE18.13%25 453
NEXTERA ENERGY INC26.03%70 643
ENEL23.45%62 127
CHINA YANGTZE POWER CO., LTD.21.41%51 402
TENAGA NASIONAL BHD--.--%19 042
GD POWER DEVELOPMENT CO LTD5.36%9 977