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, NYSE: EON, LSE: EON) , 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 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:

E.ON Energie AG, which supplies power in continental Europe
E.ON Sverige, which supplies power in Scandinavia
E.ON UK, which supplies power in the UK
E.ON US, which supplies power in the US
E.ON Ruhrgas, which supplies gas in Europe

1 Financial Data
2 Sponsorship
3 See also
4 External links

[edit] Financial Data

**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

[edit] Sponsorship

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. They are also the official energy partner of The Football League.

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.

In The Netherlands E.ON is one of the main sponsors of the current Dutch Eredivisie Champion: PSV Eindhoven.