Germany’s E.ON in 2016 posts worst-ever loss

March 16, 2017 0

Germany’s utility group E.ON reported on Wednesday its worst-ever net loss in 2016, which amounted to €16 billion ($17.1 billion), as the company was “freed from past burdens” related to its fossil fuels conventional business, Kallanish Energy learns.

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E.ON to cut net debt by €7B, slash 1,300 jobs

March 16, 2017 0

After facing numerous structural challenges amid a “very difficult” economic, policy and regulatory environment, Germany’s E.ON announced on Wednesday its plans to reduce net debt by roughly €7 billion ($7.5 billion) in the medium term.

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