E.ON

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E.ON AG
Type Public
ISIN: DE0007614406
NYSE: EON
Founded 2000
Headquarters Düsseldorf, Germany
Key people Wulf H. Bernotat, CEO
Industry utility
Products electricity, gas
Revenue €67.8 billion (2006)
Employees 79,947 (2005)
Website www.eon.com

E.ON AG (ISIN: DE0007614406, NYSEEON, LSEEON) , based in Düsseldorf, Germany, is an energy corporation, one of the 30 members of the DAX stock index of major German companies. It came into existence through the 2000 merger of VEBA and VIAG, its chief executive officer (Vorstandsvorsitzender) is Wulf H. Bernotat.

E.ON is one of the major public utility companies in Europe and the world’s largest investor-owned energy service provider. It has, for example, acquired Sydkraft in Sweden and Powergen in the United Kingdom. These have now been rebranded to E.ON Sverige and E.ON UK respectively. It was trying to acquire Endesa in Spain at 2006, however this acquisition was overtaken by a joint bid from Italian utility ENEL in conjunction with Spanish company Acciona. However E.ON did get to acquire about €10b of assets that the enlarged ENEL was required to divest under EU competition rulings.

In 2003 E.ON entered to the gas market through the acquisition of Ruhrgas (now E.ON Ruhrgas). E.ON Ruhrgas is represented in more than 20 countries in Europe.

As result of the merger E.ON inherited the subsidiaries of VEBA, VIAG and Ruhrgas in Central and Eastern Europe. It is also present in Russia, where it has a stake in the natural gas company Gazprom (6,4%). E.ON is present in most of Scandinavia.

In the United States, E.ON has renamed LG&E Energy to E.ON U.S., and is headquartered in Louisville, Kentucky.

In Britain, E.ON will open a windfarm off the coast of Cornwall in 2008 and has, during Autumn and summer 2007 been running "Wind of Change" adverts on British TV networks; the main advert was filmed in the English seaside town of Broadstairs.

Currently, E.ON is organized in five market units:

Contents

Financial data in millions of euro
Années 2002 2003 2004 2005 2006
Sales 37 059 46 363 49 103 56 399 67 759
EBITDA 7 680 9 458 10 520 10 272 11 353
Net Results 2 777 4 647 4 339 7 407 5 057
Net Debt 13 979 7 855 5 483 -3 863 -268
Staff 107 856 66 549 69 710 79 947 80 612
Source: OpesC

On February 3, 2006 it was announced that E.ON had signed a 4 year deal to sponsor the Football Association Cup (FA Cup), along with the FA Women's Cup and FA Youth Cup, starting from the 2006/2007 season[1]. They are also the current sponsors of English Championship side Ipswich Town.

E.ON Ruhrgas are the main sponsors of the IBU biathlon World Cup. E.ON Ruhrgas are the main sponsors of the Ski jumping World Cup.

E.ON sponsor the ITV National Weather (The Energy Behind Powergen) since June 2007.

E.ON Sverige sponsors the E.ON Arena, the home arena of Swedish ice hockey team Timrå IK.

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