business
Tuesday 03 February 2015
While most Dax stocks get in on the Frankfurt record Party, sliding two tracks deep into the red: the energy Eon and RWE. Background is a major setback in the legal dispute over the billion-dollar fuel tax.
Charts
During the German index of an all-time high chasing the next, and prices rise, the Dax-values in the morning by an average of just over one percent, the titles of the two utilities Eon must RWE and plug in heavy losses. Eon lose in early trading against the trend up to 5.5 percent, RWE in the head even more than 7 percent
background of huge losses of the two nuclear company shares. In their fight against the multi-billion dollar fuel tax they have to plug a major setback to the European Court. There Advocate General Maciej Szpunar had explained that the purpose since 2011 release of the Federal not contrary to EU law.
This is the chance that the catering their money will meet again, gone “zero”, a commented dealer this development. Finally, analysts assumed that the Court, in its final decision, as usual, follow the template of the Advocate General. Eon claims to have been paid 2.3 billion euros fuel tax, RWE, EnBW 1.2 billion and 1.1 billion.
impact on outcome remains unclear
More about
LBBW analyst Erkan Aycicek said: “Apparently, investors had speculated that the plea of the ECJ Advocate General is favorable to the suppliers.” There was disagreement market observers, however, were about the impact on earnings forecasts. Aycicek assumes that analysts have considered their earnings estimates for the provider to pay the fuel tax. Therefore he does not expect major adjustments.
From the perspective of Ingo Becker, an analyst at Kepler Cheuvreux, the payment of the tax, however, is likely to be so far been mostly not taken into account. You could push the operating result of RWE by 300 to 400 and from Eon by about 700 million euros for 2015/2016, the expert says.
Source: n-tv.de
Theme
No comments:
Post a Comment