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June 30, 2015 1:23 AM ET

Electric Utilities

Company Overview of EWE Aktiengesellschaft

Company Overview

EWE Aktiengesellschaft engages in energy, telecommunications, and information technology (IT) businesses in Germany and internationally. The company’s Generation segment generates electricity through renewable sources, such as wind, water, sun, and biogas with an installed total output of approximately 300 megawatts (MW); develops and operates onshore and offshore wind farms; and operates conventional coal and gas power plants with a total installed capacity of approximately 1,000 MW, as well as operates gas storage facility. Its Infrastructure segment operates electricity grid, natural gas grid, and telecommunication network in the Ems/Weser/Elbe region, as well as Brandenburg, Rugen, and n...

Tirpitzstrasse 39

Oldenburg,  26122

Germany

9,000 Employees

Phone:

49 441 4805 0

Fax:

49 441 4805 3999

Key Executives for EWE Aktiengesellschaft

Chairman of Board of Management and Chief Executive Officer
Age: 62
Chief Financial Officer and Member of The Board of Management
Age: 45
Head of Finances and Investor Relations
Head of Corporate Development
Director of Research & Development Department
Compensation as of Fiscal Year 2014.

EWE Aktiengesellschaft Key Developments

EWE AG Announces Earnings Results for the Year Ended December 31, 2014

EWE AG announced earnings results for the year ended December 31, 2014. Profit attributable to the company was EUR 145.8 million compared to EUR 56.1 million for the year ended December 31, 2013. Sales were EUR 8.51 billion compared to EUR 9.27 billion for the year ended December 31, 2013. Earnings before interest and taxes were EUR 357.7 million compared to EUR 410.9 million for the year ended December 31, 2013. Profit before tax was EUR 157.6 million compared to EUR 210.9 million for the year ended December 31, 2013.

EWE AG Announces Executive Changes

EWE AG has appointed Michael Heidkamp, currently the managing director of Westfalen Weser Energie GmbH & Co. KG, as its new director of sales and marketing. He is scheduled to assume responsibility for the division at the beginning of autumn, replacing Matthias Bruckmann, who will become the new EWE CEO in October 2015.

EWE Might Sell Stake In VNG

EWE Aktiengesellschaft is not ruling out the possibility of further sales of 74% in VNG - Verbundnetz Gas Aktiengesellschaft. Chief Executive Officer, Matthias Bruckmann, said that the company has not yet decided whether it keeps or sells the stake in VNG.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 15, 2015
VNG - Verbundnetz Gas Aktiengesellschaft
Merger/Acquisition
July 31, 2014
EWE Aktiengesellschaft, 25 MW Onshore-Wind Farm
 

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