The German energy company said its new strategy is fully reflected in its balance sheet. This was accompanied by the largest loss ever registered by the group. Eon is now planning workforce reductions, as well as further measures to reduce its net liabilities to €20 billion in the mid-term.Eon was the first German power provider that dared to step into the renewable energy sector. The company has now presented its financial report for fiscal 2016. This will be "the last to reflect the burdens of the past", Eon said.
The company's new strategy, which concentrates all of its activities related to fossil sources within the spin-off company Uniper, is included in the balance sheet for the first time. Eon is now focusing on three core businesses: energy networks, customer solutions, and renewable energy.
In its reporting, Eon said it has reached an agreement with German federal government on funding the phase-out of nuclear energy. This has also left tracks in the balance sheet, the company stressed. The spinoff Uniper resulted in impairment charges totaling about €11 ...Den vollständigen Artikel lesen ...
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