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8 Our Company Profile
Who we are. An overview.
We make, move, and market energy. We're building on our broad international
footprint, our deep experience, and our commitment to innovation to help shape
tomorrow's energy world. Resolutely and responsibly.
Our business
We operate along the entire value chain
in power and gas. Our objective is to provide
our customers with a secure, affordable,
and climate-friendly supply of energy.
We combine a broad international foot-
print with local expertise and share
promising ideas and best practices across
our organization.
In areas where we can seize opportu-
nities created by the ongoing integration
of Europe's energy markets--primarily
power generation, energy trading, and gas
supply--we run our business on a Euro-
pean scale. These strengths enable us to
create superior value for our shareholders
and excellent prospects for our customers
and employees.
Our roots
E.ON was created by the merger of two
large German conglomerates--VEBA and
VIAG--in June 2000. After the merger, E.ON
began focusing solely on its power and
gas business. Energy isn't just our present
and our future. It's also where we come
from: we've been generating and supplying
electricity since the 1920s.
Our corporate structure
E.ON AG, Düsseldorf, is the E.ON Group's
Corporate Center. Its main tasks are to
chart E.ON's strategic course and to
steer the overall business across all our
markets. Our business is segmented into
ten market units, which have a geographic
or functional focus.The lead company of
each market unit is responsible for manag-
ing and coordinating operations across
its target market. Business units conduct
day-to-day operations at a national or
regional level. You'll find more detailed
information about our market units starting
on page 46.
E.ON is one of the world's largest investor-owned power
and gas companies. Our operations extend across Europe,
Russia, and North America. Our more than 88,000 employees
generated just under 82 billion in sales in 2009.
E.ON Group financial highlights ( in millions)
2009 2008 +/- %
Electricity sales (billion kWh) 815.9 596.9 +37
Gas sales (billion kWh) 1,217.7 1,208.6 +1
Sales 81,817 86,753 -6
Adjusted EBITDA 13,526 13,385 +1
Adjusted EBIT 9,646 9,878 -2
Adjusted net income 5,328 5,597 -5
Cash-effective investments 9,200 18,406 -50
Employees (at year-end) 88,227 93,538 -6