OVO Group posts £106m loss in 2019, sees revenue from smart meter installations decline
OVO Group has said its 2019 results are “in line” with its financial plan despite recording a loss of £106 million for the year.
Articles tagged with: financial results
Shell Energy posts £32m loss as ‘unsustainable pricing’ draws customers away
Shell Energy has posted an almost £32 million loss for 2019, pointing to falling customer numbers as competition in the sector remains strong.
E.On hit by £271m impact of COVID-19 but business remains ‘robust’ says CEO
E.On has seen a €300 million (£271 million) adverse impact from the COVID-19 pandemic, split evenly between networks and its customer business.
Iberdrola profits continue to climb despite €153 million ‘adverse impact’ of COVID-19
International utility Iberdrola has seen its net profits increase by 12.2% in the first half of the year despite a 13.6% downturn in Q2.
National Grid prepares for £400m hit from COVID-19
National Grid is expecting underlying operating profits to take a £400 million hit from the COVID-19 pandemic.
Robin Hood Energy posts £23.1m loss in ‘very disappointing’ results
Robin Hood Energy confirmed this week that it lost £23.1 million in the year April 2018 to March 2019.
UK customer numbers continue to fall as E.On prepares to reorganise npower
E.On’s UK customer numbers continued to fall throughout 2019, it announces in a financial statement that also shines a light on the impact of coronavirus.
New chairman and interim CEO announced as Centrica’s senior management is shaken up
Centrica’s board is seeing major change as Charles Berry steps down as Centrica chairman, and Iain Conn officially steps down as CEO.
Drax to end coal generation in 2021 after debt soared to £841 million in 2019
Drax announces it is to eliminate coal from its generation from next year, as it unveils financial results for 2019.