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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