E.ON
German multinational electric utility
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2024 | E.ON became the title sponsor of Veloce Racing, renaming the team to E.ON Veloce Racing. |
2024 | Revenue further reduced to €80.1 billion, but net income significantly recovered to €4.5 billion. Employee count rose to 75,046 |
2023 | Revenue decreased to €93.6 billion, with net income sharply declining to €0.51 billion. Employee count increased to 71,629 |
July 3 2023 | E.ON became Nottingham Forest's official training kit partner as the club returned to pre-season training. |
2022 | Significant revenue surge to €115 billion, though net income dropped to €1.8 billion. Employee count remained consistent at 69,378 |
2021 | E.ON began partnership with Nottingham Forest football club. |
2021 | E.ON began sponsoring Veloce Racing in the Extreme E electric off-road racing series. |
2021 | Substantial revenue increase to €77.3 billion, with net income rebounding to €4.6 billion. Employee count slightly decreased to 69,733 |
2020 | Revenue continued to grow to €60.9 billion, while net income further reduced to €1.0 billion. Employee count remained stable at 78,126 |
2020 | E.ON UK announced the migration of customers to a new subsidiary brand called E.ON Next, which included two million customers from Npower and Powershop. |
November 2020 | E.ON announced plans to cut almost 700 jobs over the next two years due to customer migration to a new platform. |
July 2020 | Final execution of the asset swap deal with Innogy was completed. |
2019 | Company experienced significant growth, with revenue increasing to €41.0 billion, though net income dropped to €1.5 billion. Employee count nearly doubled to 78,948 |
2019 | E.ON became the first of the 'Big Six' UK power companies to switch all of its British electricity customers entirely to renewable electricity. |
October 2019 | E.ON sold its renewable energy division EC&R to RWE, including wind energy assets in the UK, Sweden, Germany, Poland, and the United States. |
September 2019 | The EU antitrust authorities approved the asset swap deal between E.ON, Innogy, and RWE. |
January 2019 | E.ON Business Services rebranded to E.ON Digital Technology, consolidating IT and business services under a single organizational unit. |
2018 | E.ON reported annual revenue of €30.2 billion with net income of €3.2 billion and 43,302 employees |
July 2018 | E.ON announced 500 job losses in the United Kingdom, attributing this to the upcoming energy price cap. |
June 2018 | E.ON finalized the sale of its remaining stake in Uniper to the Finnish power company Fortum. |
March 2018 | E.ON announced a complex €43 billion asset swap deal to acquire the utility portion of renewable energy utility Innogy, involving E.ON, Innogy, and RWE. |
September 2016 | E.ON sold a 53% stake in Uniper through a listing on the Frankfurt Stock Exchange. |
January 1 2016 | E.ON transferred its fossil energy businesses into a new company, Uniper, which began operating on this date. |
2015 | E.ON Sverige ended its sponsorship of Timrå IK's home arena. |
2014 | E.ON decided to sell Jackson Pollock's 'Number 5 (Elegant Lady)' at Christie's auction to continue funding the Museum Kunstpalast. |
November 2014 | E.ON announced plans to abstain from fossil energy and transferred its fossil energy businesses into a new company, Uniper, which began operating on 1 January 2016. |
May 2014 | Ofgem ordered E.ON to pay £12 million to 330,000 customers due to poor sales practices between June 2010 and December 2013, which was the largest penalty against a UK energy supplier at the time. |
March 2012 | E.ON and RWE announced they were pulling out of the Horizon Nuclear Power project due to difficult financial conditions. |
August 2011 | E.ON announced a potential loss of 10,000 employees due to the German government's decision to close all nuclear power stations by 2022. |
November 1 2010 | E.ON sold E.ON US to PPL Corporation for $7.625 billion, with the sale closing on this date. |
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