<![CDATA[Newsroom Uniper ]]> http://www.emilytully.com/news/ en Mon, 20 Jan 2020 22:40:21 +0100 Fri, 10 Jan 2020 13:37:07 +0100 <![CDATA[Newsroom Uniper ]]> https://presspage-production-content.s3.amazonaws.com/clients/150_2223.png http://www.emilytully.com/news/ 144 Uniper becomes partner of the D眉sseldorf Marathon 2020 http://www.emilytully.com/news/uniper-becomes-partner-of-the-duesseldorf-marathon-2020/ http://www.emilytully.com/news/uniper-becomes-partner-of-the-duesseldorf-marathon-2020/
  • Uniper CEO Schierenbeck signs cooperation agreement as “premium sponsor” in Düsseldorf city hall
  • Uniper bundles various local commitments in the project team “Corporate Citizenship”
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    At the beginning of the year, Düsseldorf-based energy company Uniper intensified its commitment in the state capital. On Thursday evening, Uniper's CEO Andreas Schierenbeck and Sonja Oberem, Managing Director of rhein-marathon düsseldorf GmbH, signed the cooperation agreement in the presence of Düsseldorf's Lord Mayor Thomas Geisel in the city hall. This year, Uniper will appear for the first time as premium sponsor of the largest running event in the city.

    Uniper CEO Andreas Schierenbeck: “Health promotion, company health management, personal fitness and especially an active sporting spirit are important elements of our professional life at Uniper. In recent years, well over a hundred employees who are enthusiastic about running have already taken part in the Düsseldorf Marathon over various distances. I am therefore all the more pleased that we as a company can also be involved as partners in this special running event.”

    In addition to large-scale branding, Uniper is planning to equip and support the company’s active runners and to provide a Uniper-run “Family & Friends” event in the finish area. Schierenbeck: “I, too, have already marked April 26 in my calendar and plan to run the half-marathon distance – it's time to make good on New Year’s resolutions and start training”.

    About Uniper's corporate citizenship
    Under the project name “Corporate Citizenship”, Uniper has been bundling its corporate commitment in Düsseldorf since the beginning of the year, bringing together existing and new memberships (including Medienhafen e. V., Destination Düsseldorf) and other activities.

    Uniper CEO Andreas Schierenbeck says: “Uniper is an international company, but our home port is Düsseldorf. With almost 2,400 employees we are one of the largest companies in the city. In the future, we want to assume our responsibility as a good neighbor to a greater extent – be it at occasions such as sporting events, in the Media Harbor, or as member in associations. Our energy for Düsseldorf!“

    In Düsseldorf's media harbor, what has always belonged together has grown together: since March 2019, the concentrated expertise of almost 2,400 colleagues has been in one place. But Uniper's location on Holzstraße does not only combine the administrative functions of a corporate head office. The commercial heart of the company has always beaten in the Media Harbor, and commodity trading and the control of energy generation plants and storage facilities also take place here.

    Leif Erichsen is responsible for the “Corporate Citizenship” project at Uniper and explains its rationale: “We have a special corporate culture at Uniper – we are a dynamic energy start-up with 100 years of experience and history. In the future, we will use this culture and our enthusiasm even more strongly and in a bundled manner for the benefit of the city and the people who live here. This is our understanding of corporate citizenship.”

    As a visible sign of Uniper's commitment to the state capital, Uniper-branded trams have been running in Düsseldorf's media harbor since last year. There, the energy experts are also involved in the corporate neighborhood organization Medienhafen e.V. Uniper is also a partner in the Düsseldorf IN event series and the Ständehaustreff and is an active member of Destination Düsseldorf.

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 11,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2020,Duesseldorf,cooperation agreement,MarathonFri, 10 Jan 2020 13:37:07 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Uniper presents Berlin New Year celebration http://www.emilytully.com/news/uniper-presents-berlin-new-year-celebration/ http://www.emilytully.com/news/uniper-presents-berlin-new-year-celebration/
  • Brandenburg Gate event motto: "Uniper welcomes 2020 – the decade of implementation of energy transition"
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    The past ten years have brought about a change in people‘s minds. Awareness of climate change has reached the heart of society, and topics such as “green energy“ and “sustainability“ are on everyone's lips.

    Now begins the time in which this new consciousness must be translated into reality. Over the next ten years, it will be a question of accelerating the transition from classic energies to green technologies in a realistic manner. At midnight on December 31, 2019, not only a new year will begin, not only a new decade: Rather, the confirmation of a whole new era has recently started – the era of implementation of the energy transition in Germany.

    Born in the energy transition era, Uniper aims at playing a central role in this process. The company is an operator of a wide variety of power generation assets as well as a large gas business and infrastructure. The Uniper teams have the expertise, the entrepreneurial spirit and the capability of rising above obstacles, to orchestrate combined efforts with governments and other agents in the market. Uniper is in an ideal position to win the understanding of the public for the necessity of adopting a credible energy transformation, and the answer is not to turn the lights off.

    The New Year celebrations in Berlin are to be the starting signal for the upcoming tasks. To this end, Uniper is the title sponsor of the event at the Brandenburg Gate, which will be held under the motto „Uniper welcomes 2020 – the decade of implementation of energy transition“.

    Andreas Schierenbeck, CEO of Uniper, summarizes the commitment thus: „We are convinced that the next decade will be a decisive one – for Uniper, for Germany and for the whole world. The next few years will set the course for the transition to a greener economy and a cleaner environment. As a key driver of this development, we look to the future with a thirst for action. We believe this opportunity cannot be missed. And that is why we are particularly pleased to be able to celebrate the beginning of a new era together with you – by presenting the New Year celebration at the Brandenburg Gate.“

    At the New Year celebrations at the Brandenburg Gate, Uniper will not only be the title sponsor. In cooperation with the „Stadtbaukampagne“ of the state of Berlin, the company will also compensate for the environmental impact of the fireworks by investing in reforestation projects. In this way, the company is showing how the tradition of fireworks can be continued in more sustainable times and is contributing to the transition to a more climate-neutral future.

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 11,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,New Year,Berlin,Corporate CitizenshipThu, 19 Dec 2019 13:58:20 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_photo-thehoff-481-564241.jpg?10000
    Uniper is researching Bidirectional Charging Management for Electric Vehicles http://www.emilytully.com/news/uniper-is-researching-bidirectional-charging-management-for-electric-vehicles/ http://www.emilytully.com/news/uniper-is-researching-bidirectional-charging-management-for-electric-vehicles/
  • The project is aiming to efficiently interlink electric vehicles, charging infrastructure and the energy system
  • Support of the interdisciplinary research project "BDL" of the Federal Ministry of Economics and Energy
  • Efficient use of renewables in electromobility while increasing power supply reliability
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper has joined the “Bidirectional Charging Management – BDL (Bidirektionales Lademanagement)” research project, which was launched in early November. As part of the project, companies and institutions from the automotive, energy and scientific sectors will work together to develop technological solutions that make electromobility even more convenient, cost effective and low in emissions for users. The objective of the interdisciplinary project partners is to employ an unprecedented holistic approach in order to interlink vehicles, charging infrastructure and power grids in a way that facilitates the widest possible use of renewables, while also increasing power supply reliability. The research project will run for three years with the support of the German Aerospace Center (DLR) and with funding from the German Federal Ministry for Economic Affairs and Energy. Testing of the first 50 cars equipped with bidirectional charging technology (i.e. capable of feeding back power) is expected to start under everyday real-world conditions in early 2021.

    Not only will electric vehicles with bidirectional charging capability be able to draw electrical power for their high-voltage battery when plugged into a compatible charging station or wallbox, they will also be able to reverse this process and feed energy back into the power grid. This will effectively turn the batteries of the electric vehicles into mobile energy storage devices that can also supply power when required, thus stabilizing the power supply system. Integrating as many electric vehicles as possible into the power grid in this way calls for innovations in terms of vehicle technology, charging hardware, charging management, communication interfaces with electricity providers and also with regards to the legal requirements. Bringing about these advances is the task of this research project, in which Uniper will be participating through the Research Center for Energy Economics (FfE). Within the framework of the research project BDL, the FfE will be focusing on questions relating to practical applications, the simulation of network loads in the distribution network and measurement concepts and data evaluation for the field test.

    Uniper Project Manager Dr. Christian Folke: “Uniper is working on solutions at a variety of levels that make renewables more marketable and also increase power supply reliability. We are primarily looking at projects that deal with the effects and possibilities of digitalization and automation in an increasingly decentralized energy landscape. Our main focus here is on the flexibility of the energy system, which is often still lacking today. Technologies such as Power-to-X in the heat and electricity markets are extremely important for the breakthrough of renewable energies. The BDL project is essentially working on a storage solution and can provide us with new insights into how electromobility, which is mainly used in a decentralized manner, can be combined with an increase in grid and supply stability in the area. This could lead to highly flexible solutions that are able to dispute objections that still exist today regarding the risks that electromobility poses to the system as a whole, and in doing so, give renewables a boost”.

    About the research project "Bidirectional charge management – BDL”
    The innovation project "Bidirectional Charging Management - BDL" pursues the objective of developing and testing a holistic, user-oriented offer for the integration of electric vehicles into the energy system in Germany. Electric vehicles that can be regenerated can be used for network purposes by optimizing the absorption of energy from renewable sources into the public electricity network and at the same time keeping it stable. In addition to appropriate user-friendly technological solutions, this requires an intelligent interaction of vehicles, charging infrastructure and power grids. The interdisciplinary project partners from the automotive industry, the energy industry and science are developing holistic solutions for this.

    In addition to the consortium leader BMW Group, the partners are KOSTAL Industrie Elektrik GmbH, TenneT, Bayernwerk Netz GmbH, Forschungsstelle für Energiewirtschaft e.V. (Research Centre for the Energy Industry) and the German Federal Ministry of Economics and Technology. (FfE), Forschungsgesellschaft für Energiewirtschaft mbH, Karlsruhe Institute of Technology (KIT) and the University of Passau. The innovation project is funded by the German Federal Ministry of Economics and Energy. The German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt; DLR) is responsible for the three-year pilot project.

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 11,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,BDL,bidirectional,charging,electric,vehiclesThu, 28 Nov 2019 14:30:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Uniper increases earnings forecast for the 2019 financial year http://www.emilytully.com/news/uniper-increases-earnings-forecast-for-the-2019-financial-year/ http://www.emilytully.com/news/uniper-increases-earnings-forecast-for-the-2019-financial-year/
  • Adjusted EBIT of €203 million in 9M 2019; year-on-year decline anticipated
  • Net income of €1,056 million significantly above prior-year figure
  • Higher economic net debt as a result of strong build-up of working capital and higher pension provisions
  • Earnings forecast for 2019 financial year raised due to reinstatement of U.K. capacity market; planned dividend proposal reaffirmed
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Uniper posted adjusted EBIT of €203 million in the first nine months of the 2019 financial year (9M 2018: €386 million). The year-on-year decline of €183 million was anticipated. Uniper’s operating earnings in the first nine months of 2019 were adversely affected primarily by the non-recurrence of positive effects recorded in the prior year, lower output at a small number of power plants, and the absence of income from the U.K. capacity market. By contrast, adjusted EBIT benefited from the fact that higher power prices and output enabled the company’s hydro and nuclear power stations to earn more. The improvement at the gas business and the business in Russia was another positive factor.

    Uniper anticipates a strong fourth quarter operationally. It has therefore raised its earnings forecast for the 2019 financial year, in particular because of the reinstatement of the U.K. capacity market. The company now expects its adjusted EBIT to be between €750 and €950 million. Uniper originally planned for its adjusted EBIT to be between €550 and €850 million. Uniper reaffirmed its planned dividend proposal for the 2019 financial year of roughly €390 million. In addition, based on the assumptions for the remainder of the year, Uniper sees a possibility for an increased dividend proposal for 2019.

    Uniper CFO Sascha Bibert said: “In our business, the third quarter is usually the weakest. In view of the non-recurrence of positive effects recorded in the prior year, our nine-month earnings don’t surprise and are line with our expectations. But a strong fourth quarter lies ahead, one that will have a number of positive developments for our business. These include price and volume effects at our hydro and nuclear power stations and additional optimization earnings at our gas business. In addition, the reinstatement of the U.K. capacity market enables us to make claims for back payments, which will have a positive impact on our 2019 earnings. We also expect our cash flow to be significantly positive and therefore our debt to be lower.”

    Adjusted EBIT at the European Generation segment declined to €137 million(9M 2018: €260 million). This adverse development resulted mainly from the non-recurrence of positive one-off items recorded in the prior year and the absence of income from the U.K. capacity market. Operating earnings were also adversely affected by lower output from Maasvlakte 3 coal-fired power plant in the Netherlands and unit 2 at Ringhals nuclear power station in Sweden.

    The Global Commodities segment’s operating earnings decreased to €1 million(9M 2018: €126 million). The decline is mainly attributable to the absence of positive one-off items recorded in 2018 on LNG hedging transactions and additional adverse effects from these hedging transactions in the first nine months of the current year. Successful optimization activities at gas-trading venues could not fully offset the adverse factors.

    Operating earnings at Uniper’s power business in Russia were higher than in the prior-year period, rising to €220 million (9M 2018: €204 million). Higher power prices and increased output were the principal positive factors.

    Uniper recorded net income of €1,056 million in the first nine months of 2019(9M 2018: -€521 million). The year-on-year increase is principally attributable to positive effects resulting from the marking to market of commodity derivatives at the balance-sheet date. Uniper uses derivatives to shield its power and gas business from price fluctuations.

    Uniper’s operating cash flow of -€277 million was significantly below the prior-year figure of €89 million. This weak performance relative to the prior-year period was mainly attributable to an increase in working capital due to the low level of gas prices and to the decline in earnings.

    Uniper’s economic net debt1 at September 30 of €3,600 million was €1,091 million above its year-end 2018 debt of €2,509 million. The main factors were the company’s negative cash flow, its dividend payout to shareholders, and an increase in pension obligations due to the further decline in interest-rate levels. These factors were only partially offset by disposal proceeds.

    Cash-effective investments of €401 million were at the prior-year level (9M 2018: €387 million). Uniper invested €223 million in existing growth projects, €178 million in maintenance.

     
    1Uniper adjusted its definition of economic net debt: economic net debt since March 31, 2019, includes, for the first time, receivables from futures transactions; the figure at December 31, 2018, was adjusted accordingly. Further commentary can be found in the Financial Situation chapter of Uniper’s 2019 Half-Year Report.

     

    Uniper’s key financial performance indicators in the first nine months of 2019

    (€ in millions)

    9M 2019

    9M 2018

    +/-

    Uniper sales

    52,778

    53,059

    -1%

    Uniper adjusted EBIT1

    203

    386

    -47%

    European Generation1

    137

    260

    -47%

    Global Commodities1

    1

    126

    -99%

    International Power1

    220

    204

    8%

    Administration/Consolidation1

    -155

    -204

    -24%

    Net income/loss

    1,056

    -521

    >100%

    Attributable to Uniper SE shareholders

    1,009

    -550

    >100%

    Attributable to non-controlling interests

    47

    29

    62%

    Operating cash flow

    -277

    89

    >-100%

    Adjusted funds from operations (adjusted FFO)2

    134

    722

    -81%

    Investments

    401

    387

    4%

    Growth

    223

    230

    -3%

    Maintenance

    178

    157

    13%

    Economic net debt4

    3,600

    2,5093

    27%

    1Adjusted to exclude non-operating effects.
    2Adjusted to exclude mainly items that do not reflect underlying cash flow available for distribution.
    3Figure at December 31, 2018.
    4Figure since March 31, 2019, includes, for the first time, receivables futures transactions; the figure at December 31, 2018, was adjusted accordingly.

     

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 11,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,finance,2019,9mTue, 12 Nov 2019 07:38:43 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-2019-9m-556345.png?21167
    DKV Expands Its Supply Network To Include LIQVIS LNG Filling Stations http://www.emilytully.com/news/dkv-expands-its-supply-network-to-include-liqvis-lng-filling-stations/ http://www.emilytully.com/news/dkv-expands-its-supply-network-to-include-liqvis-lng-filling-stations/
  • Low emissions and toll exemption make switching to LNG increasingly attractive for transport companies
  • Partnership between Liqvis and DKV increases number of LNG stations available for DKV card users to over 60 in Europe
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    DKV Euro Service customers can now also fill up with liquefied natural gas (LNG) cash free at LIQVIS LNG filling stations. The company has already opened its first LNG station in Grünheide (Mark) near Berlin, and a second station in Lohfelden, in the district of Kassel, will be the first of a number of locations to follow at the beginning of 2020. LIQVIS is now getting ready to open further stations in various regions, including Bönen, Hamburg and Hanover. DKV is currently partnered with over 60 LNG stations across Europe.

    "LNG is becoming increasingly important. In addition to the rising demand in Germany, we also receive requests from foreign transporters who use Germany as a transit country and who are interested in LNG because of the toll exemption for LNG trucks," says Sven Mehringer, Managing Director Fuel & Energy at DKV. "We are therefore delighted to have found a strong partner in LIQVIS to further expand our supply network.”

    Silvano Calcagno, Managing Director of LIQVIS GmbH: “LIQVIS plans to gradually expand its network of LNG stations to meet the growing demand for environmentally friendly LNG fuel. Now that DKV cards are accepted at LIQVIS LNG stations, we are hoping that this will convince other transport companies to switch to LNG. LIQVIS also offers support for those switching to LNG, such as providing trainings on how to use our filling stations."

    A key advantage of LNG is low emissions, primarily particulates, nitrogen oxides, CO2 and even noise. The particulate and NOx values remain well below the Euro VI standard. The "quiet" LNG engine technology lowers noise levels for deliveries outside normal traffic times. In addition, by switching to LNG, operators can refuel their vehicles with a large amount of natural gas, meaning that their fleets can travel long distances.

    Further information on DKV's supply network can be found at www.dkv-euroservice.com and on LIQVIS’ filling station network at www.liqvis.com.

    For further information please contact:

    DKV Euro Service
    Dirk Heinrichs
    +49 (0) 2102 5517 889
    dirk.heinrichs@dkv-mobility.com

    LIQVIS
    Georg Oppermann
    +49 211 4579 5532
    georg.oppermann@uniper.energy

     

    About DKV Euro Service
    For over 85 years, DKV Euro Service has been one of the leading mobility service providers for the logistics and transport industry. From cashless on-the-go refueling at over 80,000 acceptance points spanning multiple brands to toll payment and VAT refunds, DKV offers a comprehensive range of services for optimizing and controlling commercial fleets across Europe. DKV is part of the DKV MOBILITY SERVICES Group, with over 1000 employees. In 2018, the Group generated sales of EUR 8.6 billion across 42 countries. More than 3.7 million DKV CARDs and On-Board Units are currently being used by more than 200,000 customers. In 2018, the DKV CARD was named best brand in the category of tank and service cards for the 14th time.

    About LIQVIS
    LIQVIS, based in Essen, Germany, is a wholly owned subsidiary of Uniper, Düsseldorf, and is developing a demand-oriented infrastructure for LNG in heavy trucks. Since 2017, LIQVIS has operated two LNG filling stations in Germany. The company is planning to continuously expand its network of filling stations in Germany and Europe over the next few years, focusing primarily on building partnerships with haulers.

    About Uniper
    Uniper is a leading international energy company with activities in more than 40 countries and around 11,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,liqvis,lng,gas,2019,dkvThu, 07 Nov 2019 11:21:17 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-liqvis-838345.png?10000
    David Bryson succeeds Eckhardt R眉mmler as new Chief Operating Officer of Uniper http://www.emilytully.com/news/david-bryson-succeeds-eckhardt-ruemmler-as-new-chief-operating-officer-of-uniper/ http://www.emilytully.com/news/david-bryson-succeeds-eckhardt-ruemmler-as-new-chief-operating-officer-of-uniper/This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper's Supervisory Board decided yesterday evening unanimously to appoint David Bryson (51) as a new member of the Board of Management as Chief Operating Officer of Uniper with effect from November 1, 2019. Eckhardt Rümmler will remain a member of the Board of Management until end of January 2020 and will ensure an orderly transfer of responsibilities to Mr. Bryson.

    Dr. Bernhard Reutersberg, Chairman of Uniper's Supervisory Board: “I am very pleased that we have succeeded in driving forward the realignment of the Uniper Management Board and that our Board of Management has now been enriched with David Bryson, a very experienced and valued colleague from Uniper's workforce”.

    Bryson, a Chartered Engineer who in 24 years with the British Army has successfully demonstrated his expertise in engineering and management, then worked for the E.ON Group for more than 10 years in various management positions, responsible for the successful management of the operational power plant business in Germany and abroad. He can look back on a convincing history, particularly in operational management including work safety, business transformation, and the leadership of multicultural teams. Since the end of 2015, Bryson has been responsible for the international operations of Uniper's asset business.

    “With David Bryson, his extensive experience in the energy industry, his high reputation within Uniper, and his constant quest to improve and develop the operations of the business, we have found the best candidate to succeed Eckhardt Rümmler at Uniper,” said Reutersberg. “I wish David Bryson every success in his new role. At the same time, I would like to thank Eckhardt Rümmler from the bottom of my heart for his high level of commitment and continuous dedication to our company. Over the past four years, he has done a great job in building Uniper. I am very pleased that he has agreed to be available for a transitional period.”

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 11,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,COO,Bryson,succeeds RuemmlerWed, 16 Oct 2019 10:30:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Uniper SE: First conclusions from Fortum's announcement of October 8 http://www.emilytully.com/news/uniper-se-first-conclusions-from-fortums-announcement-of-october-8/ http://www.emilytully.com/news/uniper-se-first-conclusions-from-fortums-announcement-of-october-8/
  • Clarification on several key points of Fortum’s proposed transaction are required
  • Talks between the managements of Fortum and Uniper continue
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper's 49.99 percent shareholder Fortum announced this week its intention to acquire at least 20.5 percent additional Uniper shares at a price of nearly 30 euros per share. Uniper has thoroughly analyzed Fortum's communication and has identified key points requiring further information and deeper analysis.

    These open points include, among others, the substantiation of commitments towards Uniper's employees, the future business operations, Uniper's strategy and financial stability, including maintaining its solid credit rating, outstanding regulatory clearances in Russia, as well as envisaged changes in the composition of Uniper’s supervisory board.

    Uniper will continue to comprehensively assess Fortum's intentions in the best interest of the company and all of its stakeholders, and is aiming to clarify these uncertainties during the ongoing discussions with Fortum.

    Uniper will stay the same key contributor to securing energy supply in Europe while moving towards a low-carbon energy future. Its trading activities create links across international commodity markets. Uniper supports the development of energy markets outside Europe with its own generation activities (mainly in Russia) and services for third parties. Uniper has already been ranked as the 10th most valuable energy brand in the world – and is willing to continue this success story.

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 11,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,Share,Strategy,FortumThu, 10 Oct 2019 16:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Uniper: 鈥淲ill analyze the matter taking into consideration the interests of the company鈥?/title> <link>http://www.emilytully.com/news/uniper-will-analyze-the-matter-taking-into-consideration-the-interests-of-the-company/</link> <guid>http://www.emilytully.com/news/uniper-will-analyze-the-matter-taking-into-consideration-the-interests-of-the-company/</guid><pp:boilerplate><![CDATA[<p><em>This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.</em></p> ]]></pp:boilerplate><description><![CDATA[<p>Uniper's major shareholder Fortum announced today that it has entered into agreements with shareholders Elliott and Knight Vinke to acquire in excess of 20.5 percent of the shares in Uniper. Upon closing of the transaction, Fortum's stake in Uniper would increase to more than 70.5 percent. The closing of the transaction is subject to the approvals of the regulatory authorities in Russia and the US, which Fortum expects to receive by the end of the first quarter of 2020.</p> <p>A Uniper spokesman explains: “Our major shareholder Fortum has announced its plan for Uniper. Conversations with the management of Fortum have been going on and we expect these to continue. Our business is solid, and our focus has always been to find solutions that offer the best perspectives for the Uniper employees, our business and customers, our shareholders and partners.”</p> <p>Once new results are available, Uniper will report accordingly.</p> <p><strong>About Uniper</strong></p><p>Uniper is a leading international energy company with activities in more than 40 countries and around 11,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.</p>]]></description><category>news,2019,finance,Fortum</category><pubDate>Tue, 08 Oct 2019 13:30:00 +0200</pubDate> <enclosure url="http://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669" length="0" type="image/png" /> <pp:image>https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669</pp:image></item><item> <title>Astrid Quarten to leave Uniper; Luis Ramos to oversee the Corporate Communication & Governmental Relations function starting October 1 http://www.emilytully.com/news/astrid-quarten-to-leave-uniper-luis-ramos-to-oversee-the-corporate-communication--governmental-relations-function-starting-october-1/ http://www.emilytully.com/news/astrid-quarten-to-leave-uniper-luis-ramos-to-oversee-the-corporate-communication--governmental-relations-function-starting-october-1/This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    The Uniper SE Management Board has chosen Luis Ramos (52) to be the new head of Corporate Communication & Governmental Relations. Ramos, who has degrees in engineering and communications, will start on October 1, 2019, and report to CEO Andreas Schierenbeck. He will oversee corporate communications, brand and channel management, employee and management communications, governmental and public relations, and event management.

    Uniper CEO Andreas Schierenbeck said: We’re delighted that Luis Ramos, an outstanding colleague and proven expert in communications and marketing, will be joining Uniper. Having had the pleasure of working with him for several years, I’m fully convinced that he knows and understands the needs of customers and other external stakeholders as well as the legitimate interests of employees. Our corporate communications function is already strong, and I’m certain that Luis will improve it further as he guides it into the future.”

    Luis Ramos comes from thyssenkrupp Elevator, where he has overseen the communications department, which encompasses corporate and product marketing communications, since 2014. Over the past six years, he has successfully led thyssenkrupp Elevator's global communications, enhancing the company’s brand during a period of fundamental transformation. Prior to that, he spent a number of years in a variety of leadership roles in communications, marketing, sales, and HR at Bombardier and DaimlerChrysler Rail Systems. Ramos has extensive international experience and excellent communicative skills, as he has repeatedly demonstrated in crisis situations, strategic positioning, the active shaping of change processes, and the establishment of a corporate culture.

    Luis Ramos will succeed Astrid Quarten, who is leaving the company amicably and at her own request. After Uniper’s founding, Quarten set up and led its Corporate Communication & Governmental Relations function. Under her leadership, Uniper communicated its message to policymakers, government agencies, and institutions with a single strong voice, enabling the company to be perceived as a capable and relevant partner for the energy transition.

    Andreas Schierenbeck: “I respect Astrid Quarten's decision yet also regret it very much. Always motivated, creative, and convincing, she successfully built up Uniper's communications and continually showed strategic skill in getting Uniper’s message across on policy issues relevant to the company. On behalf of the entire board, I’d like to thank Astrid Quarten for her exemplary dedication to this company and also express my personal thanks for her support over the past few months. We wish her all the best for her personal and professional future.”

    Ramos will start his new position on October 1, 2019; Quarten will stay on board for the handover phase.

     

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 11,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,Astrid Quarten,Luis Ramos,Corporate CommunicationMon, 30 Sep 2019 11:39:51 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Gas power plants Irsching 4 and 5 notified again for decommissioning http://www.emilytully.com/news/gas-power-plants-irsching-4-and-5-notified-again-for-decommissioning/ http://www.emilytully.com/news/gas-power-plants-irsching-4-and-5-notified-again-for-decommissioning/Notification of provisional closure to BNetzA is already taking place for the fourth time

    Lack of framework conditions continues to prevent the economic operation of ultra-modern gas-fired power plants in Germany

    ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    The owners of the Irsching 5 gas-fired power plant near Ingolstadt, Uniper, N-ERGIE, Mainova and ENTEGA have notified the Federal Network Agency (BNetzA) and the TenneT network operator for the fourth time of the provisional closure of the power plant block. According to current market assessments, there are still no suitable framework conditions for highly efficient gas-fired power plants to continue operating economically beyond autumn 2020. The owners are therefore once again demonstrating their willingness to temporarily shut down the power plant from October 2020 to the end of September 2021. At the same time - and for the same reasons - Uniper, as the sole owner of the Irsching 4 gas-fired power plant, has also announced the provisional closure of this unit from October 2020 to the end of September 2021.

    Background:
    Irsching 5 has an output of 846 megawatts and went into operation in 2010. With an efficiency of 59.7 percent, it is one of the most modern gas-fired power plants in Europe. It is operated by Uniper Kraftwerke GmbH on behalf of the owning companies. Uniper holds 50.2 percent of the shares, N-ERGIE 25.2 percent, Mainova 15.6 percent and ENTEGA 9 percent. Irsching 4, with a capacity of 561 megawatts, went into operation in 2011 and, with an efficiency of 60.4 percent, is one of the most efficient gas-fired power plants in the world. The two power plant units fall under the so-called grid reserve regulation. They are only used when their output is needed to stabilize the grid. This is the case when the grid in southern Germany has to be supported due to temporary bottlenecks.

    For further information please contact:

    Uniper SE
    Georg Oppermann
    +49 211-4579-5532
    georg.oppermann@uniper.energy

    ENTEGA AG
    Michael Ortmanns
    +49 6151-701-1160
    michael.ortmanns@entega.ag

    Mainova AG
    Volker Wasgindt
    +49 69 213-25491
    v.wasgindt@mainova.de

    N-ERGIE AG
    Dr. Heidi Willer
    +49 911 802-58063
    Heidi.Willer@n-ergie.de

     

     

    ]]>
    news,2019,Irsching,decommissioningWed, 25 Sep 2019 15:08:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Despite a challenging first half from an operating perspective, Uniper on course to reach 2019 targets http://www.emilytully.com/news/despite-a-challenging-first-half-from-an-operating-perspective-uniper-on-course-to-reach-2019-targets/ http://www.emilytully.com/news/despite-a-challenging-first-half-from-an-operating-perspective-uniper-on-course-to-reach-2019-targets/
  • Adjusted EBIT of €308 million in H1 2019; year-on-year decline largely anticipated
  • Net income of €968 million significantly above prior-year figure
  • Economic net debt higher, in particular due to high gas inventory levels and an increase in provisions for pensions
  • Earnings forecast and planned dividend proposal for 2019 financial year reaffirmed
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Uniper posted adjusted EBIT of €308 million in the first half of the 2019 financial year (H1 2018: €601 million). The year-on-year decline of €293 million was largely anticipated. Operating earnings in the first half of 2019 were adversely affected primarily by the non-recurrence of positive effects recorded in the prior year and by a temporary price-driven increase in costs for carbon allowances. By contrast, adjusted EBIT benefited from higher output and power prices in Russia.

    Uniper anticipates a number of factors in the second half of the year that will have a significant positive impact on its operating earnings. The company stands by its previously issued earnings and dividend forecast: it expects its adjusted EBIT to be between €550 and €850 million. Its planned dividend proposal for the 2019 financial year is roughly €390 million. Uniper’s CEO Andreas Schierenbeck and CFO Sascha Bibert, who assumed their positions on June 1, 2019, presented the company’s numbers today for the first time.

    Uniper CEO Andreas Schierenbeck said: “In view of the enormous structural upheavals that energy markets have experienced, a reliable energy supply and innovative customer solutions are increasingly in demand. That’s exactly what Uniper delivers. Our company is well positioned to play a key role in the energy world of the future. Our primary objective now is to seamlessly continue Uniper's success story. At the same time, we’ll put in place a reliable strategic and financial framework that will enable us to seize future growth potential. The rising prices that we saw on Europe’s power markets in the first half of 2019 are giving us increasing momentum.”

    Uniper CFO Sascha Bibert said: “We’re confident that our second-half performance will be better and that we’ll reach our targets for 2019. The first half of the year reflected the anticipated non-recurrence of positive one-off items recorded last year. But principally our business in Russia and our gas business are already showing significant year-on-year improvements. The positive earnings factors that we expect in the second half include price and volume effects at our hydro and nuclear power stations as well as additional optimization earnings at our gas business.”

    Adjusted EBIT at the European Generation segment declined to €173 million (H1 2018: €372 million). Rising carbon prices had an adverse impact on earnings. The company also makes corresponding carbon hedging transactions on which it will realize mark-to-market valuation gains at the end of 2019, which will have a positive effect on its full-year 2019 operating earnings. This effect, known as carbon phasing, is therefore temporary and not cash-effective. Operating earnings relative to the prior-year period were also adversely affected by the non-recurrence of the release of provisions, the absence of earnings streams from the U.K. capacity market due to its suspension, lower output from Maasvlakte 3 in the Netherlands and unit 2 at Ringhals nuclear power station in Sweden (in which Uniper owns a minority stake), and production interruptions in France caused by strikes.

    The Global Commodities segment’s operating earnings decreased to €91 million (H1 2018: €186 million). The decline is mainly attributable to the non-recurrence of earnings recorded in 2018 on the hedging of future contractually stipulated physical LNG deliveries and additional adverse effects from these hedging transactions in the first half of the current year. Successful optimization activities at gas-trading venues could not fully offset the adverse factors.

    Operating earnings at Uniper’s power business in Russia were significantly higher than in the prior-year period. Higher power prices and increased output at Surgutskaya power station and at units 1 and 2 of Beryozovskaya power station were the principal positive factors. Uniper adjusted the schedule for the repair of Beryozovskaya unit 3’s boiler and now expects the unit to reenter service in the first quarter of 2020.

    Uniper recorded net income of €968 million in the first half of 2019 (H1 2018: -€522 million). Net income attributable to Uniper shareholders totaled €925 million (H1 2018: 鈥?euro;546 million). The year-on-year increase is principally attributable to positive effects resulting from the marking to market of commodity derivatives at the balance-sheet date. Uniper uses derivatives to shield its power and gas business from price fluctuations.

    First-half adjusted funds from operations (adjusted FFO), which Uniper uses to assess the potential dividend payout to its shareholders, amounted to €124 million (H1 2018: €589 million). The decline largely reflects the company’s first-half operating cash flow, which amounted to -€322 million (H1 2018: €465 million) and was significantly adversely affected by a temporary increase in gas inventory. The changes in working capital do not affect adjusted FFO, however, which is why the decline was significantly smaller.

    Uniper’s economic net debt[1] at June 30 of €3,183 million was €674 million above its year-end 2018 debt of €2,509 million. The main factors were the company’s negative cash flow, its dividend payout to shareholders, and an increase in pension obligations due to the further decline in interest-rate levels. These factors were not offset by disposal proceeds.

    Cash-effective investments of €240 million were at the prior-year level (H1 2018: €244 million). Uniper invested €145 million in existing growth projects, €94 million in maintenance.

    [1]Uniper adjusted its definition of economic net debt: economic net debt at March 31, 2019, includes, for the first time, receivables from margining; the figure at December 31, 2018, was adjusted accordingly. Further commentary can be found in the Financial Situation chapter of Uniper’s Quarterly Statement for Q1/2019.

     
    [1]Uniper adjusted its definition of economic net debt: economic net debt at March 31, 2019, includes, for the first time, receivables from margining; the figure at December 31, 2018, was adjusted accordingly. Further commentary can be found in the Financial Situation chapter of Uniper’s Quarterly Statement for Q1/2019.

     

    Uniper’s sales and earnings performance in the first half of 2019

    € in millions

    H1 2019

    H1 2018

    +/- %

    Uniper sales

    36,720

    35,968

    2%

    Uniper adjusted EBIT1

    308

    601

    -49%

    European Generation1

    173

    372

    -53%

    Global Commodities1

    91

    186

    -51%

    International Power1

    174

    142

    22%

    Administration/Consolidation1

    -130

    -99

    -32%

    Net income/loss

    968

    -522

    >100%

    Attributable to Uniper SE shareholders

    925

    -546

    >100%

    Attributable to non-controlling interests

    43

    24

    79%

    Operating cash flow

    -322

    465

    >-100%

    Adjusted funds from operations (adjusted FFO)2

    124

    589

    >-100%

    Investments

    240

    244

    -2%

    Growth

    145

    154

    -6%

    Maintenance

    94

    90

    4%

    Economic net debt4

    3,183

    2,5093

    27%

    1Adjusted to exclude non-operating effects.

    2Adjusted to exclude mainly items that do not reflect underlying cash flow available for distribution.

    3Figure at December 31, 2018.

    4Figure since March 31, 2019, includes, for the first time, receivables from margining; the figure at December 31, 2018, was adjusted accordingly.

    About Uniper

    Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

    ]]>
    news,finance,2019,h1Thu, 08 Aug 2019 07:30:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-2019-h1-687303.png?61809
    Uniper and its partners plan a large facility to produce and store green hydrogen in Saxony-Anhalt http://www.emilytully.com/news/uniper-and-its-partners-plan-a-large-facility-to-produce-and-store-green-hydrogen-in-saxony-anhalt/ http://www.emilytully.com/news/uniper-and-its-partners-plan-a-large-facility-to-produce-and-store-green-hydrogen-in-saxony-anhalt/• Review by Federal Ministry for Economic Affairs and Energy clears its initial hurdle

    • Plans for an electrolysis facility generating up to 35 megawatts

    • World’s first cavern storage facility for green hydrogen

    • Wind power can be stored as hydrogen providing for greater economic predictability

    ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Beginning next year, Uniper and its consortium partners, VNG Gasspeicher GmbH (VGS), ONTRAS Gastransport GmbH, DBI Freiberg and Terrawatt Planungsgesellschaft mbH, are seeking to build an electrolysis plant in the central German chemical triangle that will produce green hydrogen with a capacity of up to 35 megawatts. The consortium intends to explore the production, transportation, storage and efficient use of green hydrogen at the “Energiepark Bad Lauchstädt” in southern Saxony-Anhalt. German Minister for Economic Affairs, Peter Altmaier (CDU), announced today that the project is considered deserving of financial support as a “living lab for the energy transition” and that it had reached the final round of the application process. The ministry expects to make a final decision regarding project funding by the end of this year.

    The project, planned near Bad Lauchstädt in Saxony-Anhalt, would involve converting renewable electricity from a nearby wind farm into green hydrogen using electrolysis. The green hydrogen will be placed in underground interim storage in a salt cavern outfitted especially for this purpose and can be fed into the chemical industry’s hydrogen grid via a rededicated gas pipeline and utilized for urban mobility solutions. The Energiepark Bad Lauchstädt will then serve as a site where every aspect of the intelligent and economically efficient integration of green hydrogen can be tested under real-world conditions and at an industrial scale.

    The planned underground salt cavern will be outfitted specifically for storing up to 59 million cubic meters of hydrogen - an amount equivalent to approximately 150 million kilowatt hours of energy, or roughly the annual demand for heating in households in a city of 20,000 residents. It would be the first hydrogen cavern in continental Europe and the first such facility in the world for storing green hydrogen, or hydrogen generated from renewable electricity.

    Eckhardt Rümmler, Chief Operating Officer at Uniper, commented: “The energy transition will only succeed if we are able to store renewable energy, and in so doing make it reliable. Up to now no persuasive economic solution has been available. Our project addresses exactly this issue: We combine the production of green hydrogen from wind power together with the transportation as well as the storage and use of hydrogen for commercial purposes. If it proves successful on a large scale, we’ve found a core component for a secure and sustainable supply of energy. For many currently operating wind power generators that will soon see direct marketing and EEG [renewable energy] subsidies run out, this facility offers new prospects that are both attractive and sustainable.

    A sketch of the project was entered into the design competition in early April. A detailed funding request has been filed as part of the final stage of the selection process. Living laboratories for the energy transition were established as a new funding element in the federal government’s 7th energy research program aimed at facilitating the transfer of technology and innovation from research to everyday use. Between 2019 and 2022, subsidies totaling up to 100 million euros per year will be appropriated. An additional 200 million euros will be made available to living laboratories in regions undergoing structural transformation, which include Bad Lauchstädt.

    Along with the living lab in the Energiepark Bad Lauchstädt, a second project that Uniper is involved with was also shortlisted. The “North German living laboratory” will focus on testing the comprehensive transformation of the energy system with respect to rapid decarbonization in all consumer sectors. A variety of sector coupling concepts focused around hydrogen are to be tested in the Hamburg, Schleswig-Holstein, and Mecklenburg-Western Pomerania regions.

    Axel Wietfeld, Managing Director of Uniper Energy Storage GmbH: “Green hydrogen is considered an energy source key to the success of the energy transition. We’ve added staff accordingly and established our own hydrogen team that will develop commercial projects in Germany and in other European countries. The decision by the Federal Ministry of Economics to specifically review funding for two projects that we are involved with validates our strategy of focusing on green hydrogen.”

    Produced from renewable electricity using electrolysis, hydrogen is non-polluting and easy to store. It can be used in a variety of ways - whether as part of electricity or heating supply, in mobility or by the chemical industry. That means green hydrogen is able to compensate for weather-related fluctuations in solar and wind power generation and provides for efficient sector coupling.

    About our project partners for “Energiepark Bad Lauchstädt”

    VNG Gasspeicher GmbH (VGS), with its current roughly 2.2 billion cubic meters of usable storage capacity, is the third largest storage operator in Germany. As a wholly-owned subsidiary of VNG AG, headquartered in Leipzig, VNG has nearly 50 years of experience in building and operating underground gas storage facilities and associated technological processes. VGS’s core activity is the operation of storage facilities and the marketing of storage capacities. In addition, VGS also functions as technical operations manager for third-party storage facilities and provides engineering services to its customers in the areas of plant engineering and measurement technology. More at: www.vng-gasspeicher.de.

    ONTRAS Gastransport GmbH, headquartered in Leipzig, is a multi-region operator of long-distance pipelines in the European gas transport system. To transport gas to customers, ONTRAS operates Germany’s second most extensive gas grid, with over 7,000 kilometers of pipe and around 450 grid coupling stations. The company is a reliable partner that manages to bring together the interests of transport customers, distributors, regional grid operators and producers of regenerative gases. 22 biogas facilities and two power-to-gas plants supply green gases (bio-methane, synthetic methane or hydrogen) to the ONTRAS network. More at: www.ontras.com.

    DBI – Gastechnologisches Institut gGmbH Freiberg is a research institute of the DVGW Deutsche Vereinigung des Gas und Wasserfaches e.V. [German Technical and Scientific Association for Gas and Water]. It conducts numerous projects researching the entire supply chain of gasiform energy sources. Projects have been underway since 2005 on integrating green hydrogen. The institute’s experience extends from underground gas storage and transport through to hydrogen technologies for use by industry and in the home. More at: www.dbi-gruppe.de.

    Terrawatt Planungsgesellschaft mbH has been developing and implementing turnkey projects in the fields of wind power and photovoltaics for over 15 years. Its years of experience in planning, investing, operation and management enable the company to oversee every aspect of project implementation, from the search for a site on through to turnkey handover of the facility and to apply its specialized skills in fashioning each individual phase of a project. In addition, the company is active both domestically and internationally as a service provider and technical consultant and can draw on its wealth of experience from over 300 projects involving more than 1,500 wind turbines. More at: www.terrawatt.de.

    About Uniper

    Uniper is a leading international energy company with around 11,000 employees and operations in more than 40 countries. It focuses on the safe delivery of energy and related services. Its activities include electricity generation in Europe and Russia as well as global energy trading. Uniper operates gas storage facilities in Germany, Austria and the UK, and plays an important role in the safe and flexible delivery of natural gas. Uniper is one of the first companies to be involved in the field of power-to-gas and operates demonstration facilities in Hamburg, Reitbrook and Falkenhagen. Uniper is headquartered in Düsseldorf, Germany. More at: www.emilytully.com.

    ]]>
    news,2019,Reallabor,store green hydrogen,electrolysis plant,Saxony-AnhaltFri, 19 Jul 2019 14:18:36 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-power-to-gas-807039.png?10000
    Uniper signs agreements to sell its generation business and distribution activities in France to EPH http://www.emilytully.com/news/uniper-signs-agreements-to-sell-its-generation-business-and-distribution-activities-in-france-to-eph/ http://www.emilytully.com/news/uniper-signs-agreements-to-sell-its-generation-business-and-distribution-activities-in-france-to-eph/
  • Exclusive sales negotiations successfully concluded today
  • Transfer of Uniper activities in France to EPH to be completed shortly
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper and Czech EPH ("Energetický a pr暖myslový holding a.s.") have successfully concluded the negotiations announced at the end of December 2018 on the sale of Uniper’s activities in France. Corresponding agreements were signed today. All necessary approvals have been received.

    The scope of the transaction includes mainly Uniper's French sales business, two gas-fired power plants in Saint-Avold (Lorraine), two coal-fired power plants in Saint-Avold and Gardanne (Provence), the biomass power plant "Provence 4 Biomasse" in Gardanne and wind and solar power plants. The activities and assets at these sites and at Uniper France's headquarters in Colombes near Paris will be fully transferred to EPH on completion.

    At the end of 2018, Uniper received a unilateral and binding offer from EPH through its 100% subsidiary EP Power Europe and entered into exclusive negotiations with EPH. This was followed as from January 2019 by a mandatory consultation process with the employees’ representative bodies as well as the commencement of the process to obtain the necessary approval from the European Commission, which was concluded successfully in May 2019, and the approval from the French Ministry for Economy and Finance, which was received at the end of June. Uniper had already announced to initiate a strategic review of its French business in late summer 2018.

    Eckhardt Rümmler, Chief Operating Officer of Uniper: "On the one hand, we are naturally delighted about the successful conclusion of these negotiations. On the other hand, we are parting company with more than 500 qualified employees and part of our corporate history. The decision by the French government to close our two coal-fired power plants long before the end of their technical operating lives would have affected our entire business. We therefore had to act entrepreneurially.”

    About Uniper

    Uniper is a leading international energy company with activities in more than40 countries and around 12,000 employees worldwide. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    About EPH: https://www.epholding.cz/en/

    About EP Power Europe: https://www.eppowereurope.cz/en/

    ]]>
    news,2019,France,EPH,agreement,financeThu, 04 Jul 2019 11:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Uniper SE: New CEO Andreas Schierenbeck and CFO Sascha Bibert are taking up their new posts http://www.emilytully.com/news/uniper-se-new-ceo-andreas-schierenbeck-and-cfo-sascha-bibert-are-taking-up-their-new-posts/ http://www.emilytully.com/news/uniper-se-new-ceo-andreas-schierenbeck-and-cfo-sascha-bibert-are-taking-up-their-new-posts/This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Today, Monday, June 3, the newly appointed CEO Andreas Schierenbeck and CFO Sascha Bibert assume their positions at Uniper in Düsseldorf. The Uniper Supervisory Board voted unanimously to approve their appointments at the beginning of May. Schierenbeck and Bibert succeed Klaus Schäfer and Christopher Delbrück, who stepped down from their positions on the Management Board as of May 31, 2019. When choosing their successors, the Uniper Supervisory Board was particularly concerned with getting two highly qualified and internationally experienced managers on board to lead Uniper into a successful future with a steady hand, especially in these challenging times.

    Uniper’s new CEO Andreas Schierenbeck comments: “I am looking forward to my new responsibilities and have spent the last several weeks learning the ropes. My goal is to gain a comprehensive picture of Uniper, its culture, and its employees as quickly as possible. If there is one thing I have learned from working in the industrial sector for many years, it is that security of supply and affordable energy are decisive competitive factors for any industry. Here I see Uniper in a very important role."

    Uniper’s new CFO Sascha Bibert comments: “I am looking forward to being part of the Management Board team at Uniper and to applying my expertise at a company that has gained a great reputation in a very short period of time, both in the energy sector and in the capital market. I want to continue pursuing this success story together with the entire Uniper team.”

    About the persons:
    Andreas Schierenbeck, who graduated in electrical engineering, has held a wide variety of leadership roles in Germany and abroad during his nearly 30-year career. Thanks to his many years at Siemens and ThyssenKrupp, he is very familiar with the structures of large and internationally operating companies. In addition, his most recent role as CEO of Thyssenkrupp Elevators, a successful and the most profitable segment of ThyssenKrupp, gives him extensive expertise in designing solutions for industrial customers and in digitalization.

    Sascha Bibert, who has a masters degree in business administration and is a certified financial analyst, began his professional career as a Senior Analyst at Allianz Global Investors. He was later Senior Vice President at Munich Re, where he oversaw Investor and Rating Agency Relations. About ten years ago, Bibert joined the E.ON Group, where he has held a variety of executive positions, the past five years as CFO of Enerjisa, E.ON’s subsidiary in Turkey, which was successfully listed on the stock exchange after a spin-off in 2018.

    The curricula vitae of Andreas Schierenbeck and Sascha Bibert are available at
    http://www.emilytully.com/company/about-us/leadership.

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 12,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,managementboardMon, 03 Jun 2019 08:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Further resignations from the Uniper Management Board http://www.emilytully.com/news/further-resignations-from-the-uniper-management-board/ http://www.emilytully.com/news/further-resignations-from-the-uniper-management-board/This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Chief Operating Officer Eckhardt Rümmler and Chief Commercial Officer Keith Martin today informed the Chairman of Uniper's Supervisory Board that they want to terminate their board mandates and respective employment contracts at the end of November 30, 2019.

    Dr. Bernhard Reutersberg, Chairman of the Uniper Supervisory Board, comments: ”I deeply regret the decisions of Eckhardt Rümmler and Keith Martin. Nevertheless, I can understand them in view of the unmistakably expressed mistrust of our major shareholder Fortum towards the entire Uniper Management Board. In addition, postponing the vote of discharge yet another year effectively puts undue pressure on them to behave in certain ways. On this basis, it is simply impossible for Eckhardt Rümmler and Keith Martin to continue.”

    Last week, at Fortum's request, the Uniper Annual General Meeting postponed the discharge of the Management Board for the 2017 and 2018 financial years. This was contrary to the explicit recommendation of the Uniper Supervisory Board.

    Eckhardt Rümmler says: ”I did not make this decision easy for myself. With much confidence and a clear view to the future, Keith Martin and I reinitiated the cooperation talks with Fortum after the resignation of Klaus Schäfer and Christopher Delbrück almost four months ago and made good progress. I therefore regret all the more that the trust placed in me verbally several times was not reflected in Fortum's voting behavior at the Annual General Meeting. I have always stressed that I can only do my job well if the main shareholder expresses its trust in me. This is particularly not the case if unspecified allegations against me are used as justification for the non-discharge. I hope the newly appointed members of the Management Board will manage to establish a constructive working relationship with Fortum. I am very grateful that I have been able to build up the great Uniper together with 12,000 highly motivated employees over the past years.”

    Keith Martin explains: ”I have reflected intensively on the events of the past week. I came to the conclusion that it takes more than the absolute will to achieve a good solution for Fortum and Uniper on a factual level. My positive attitude has been undermined by the recent public statements made by Fortum. It is therefore only logical that my decision should allow a positive development of the discussions with Fortum. Today I am saddened by this necessary step. At the same time, I am very grateful that, together with many fantastic colleagues, I was able to expand the Uniper business and thus contribute to the success of the entire company.”

    Bernhard Reutersberg: ”I would also like to thank Eckhardt Rümmler and Keith Martin on behalf of the Supervisory Board. From the very beginning, both members of Uniper's Management Board have put their heart and soul into successfully building up and establishing the business activities of Uniper, thus creating a solid basis for the strategic positioning of Uniper. In particular, I appreciate the high level of their commitment with regard to the new start with Fortum that we were striving for and where the two of them had already achieved a lot so far. Therefore, I personally can well understand that they are now drawing the consequences in view of the provocative and contradictory behavior of our major shareholder especially before and during the annual general meeting last week. It was really a lost opportunity. Instead of reaching out their hand for reconciliation, Fortum has once again put Uniper in a difficult situation. I call on Fortum to finally start discussing constructively a way forward which is feasible for both companies.”

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 12,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,managementboard,supervisory board,financeSun, 26 May 2019 17:18:44 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Chairman of Uniper's Supervisory Board firmly rejects Fortum's allegations against Uniper's Management Board http://www.emilytully.com/news/chairman-of-unipers-supervisory-board-firmly-rejects-fortums-allegations-against-unipers-management-board/ http://www.emilytully.com/news/chairman-of-unipers-supervisory-board-firmly-rejects-fortums-allegations-against-unipers-management-board/This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper SE points out that its major shareholder Fortum today disclosed its voting intentions on various agenda items in the run-up to the Uniper Annual General Meeting and announced its preference to postpone the discharge of the Uniper Management Board for the financial years 2017 and 2018.

    Dr. Bernhard Reuterberg, Chairman of the Supervisory Board of Uniper, commented: “I firmly reject the renewed allegations made against Uniper's management with regard to the regulatory restrictions in Russia. Apart from the fact that Fortum has never reasoned or substantiated these allegations, for more than a year we have done everything in our power to dispel any doubts about a possible misconduct on the part of the Uniper Management Board: In the Uniper's Supervisory Board, we have comprehensively analyzed the actions of the Management Board and mandated external experts and have come to the conclusion that everything Uniper has done in this context was lawful and in the interest of the company and its shareholders. Fortum's CFO, in his capacity as a member of the Uniper Supervisory Board, had full access to these analyses.”

    “Against this background,” Reutersberg continued, “it is completely incomprehensible to me that Pekka Lundmark still has doubts about the legality of the actions of our Management Board. For me, the intention to again postpone the discharge of the Uniper Management Board – without any understandable reason – is clear proof of mistrust of the Uniper Management Board. Today Pekka Lundmark emphasized once again that Fortum wants to be a constructive and reliable shareholder. If he is serious about this, I urge him to send a clear signal tomorrow that we will continue to work together in a spirit of trust”.

    The Annual General Meeting of Uniper SE will take place on 22 May from 10 a.m. in the CCD Congress Center Düsseldorf. All relevant information relating to this Annual General Meeting is published here: https://ir.uniper.energy/websites/uniper/German/6505/hauptversammlung.html

    The opening of the Annual General Meeting by the Chairman of the Supervisory Board, Dr. Bernhard Reutersberg, and the subsequent speech by the representative of the Uniper Management Board will be broadcast live on the internet.

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 12,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,agm,fortumTue, 21 May 2019 18:59:57 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Open Season process for LNG terminal project in Wilhelmshaven begins http://www.emilytully.com/news/open-season-process-for-lng-terminal-project-in-wilhelmshaven-begins/ http://www.emilytully.com/news/open-season-process-for-lng-terminal-project-in-wilhelmshaven-begins/
  • Market participants can announce their interest until mid July

  • Project for first German LNG terminal enters a new stage
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by LNG Terminal Wilhelmshaven GmbH Management and other information currently available to them. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. LNG Terminal Wilhelmshaven GmbH does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    LNG Terminal Wilhelmshaven GmbH (“LTW”) investigates market participants’ interest in the LNG terminal project in Wilhelmshaven in a so-called Open Season process, starting today. LTW will continue the initiative kicked off by Uniper to realize the first LNG import terminal in Germany at the present location.

    In order to take part in this Open Season process, interested parties are being asked to hand in a written expression of interest signed by their management, demonstrating that the party is already active on the market for liquefied natural gas (LNG) or intends to do so in the future. After having concluded a non-disclosure agreement, LTW will grant access to further details of the project. Afterwards, the participants can conclude a still non-binding agreement (“Heads of Agreement”) with LTW until the 19 July 2019. The conclusion of binding contracts is currently planned for mid October 2019.

    Within the next three years, LTW plans to construct an LNG terminal at Germany’s only deepwater port location and start operations. It is designed as a so-called FSRU (“Floating Storage and Regasification Unit”), a technology which can be realized most economically and quickly. The nominal send-out capacity of LNG will be up to 10 bcm per year. The Wilhelmshaven location offers ideal conditions from both marine and logistics perspective. Connecting it to the natural gas transmission grid only requires a roughly 30 km pipeline to be built in mainly agricultural setting. LNG tankers will be able to access the facility independently of tides, in accordance with highest international security standards.

    Alongside regasification and injection into the transmission grid, the FSRU shall offer the possibility for loading LNG onto bunker barges or tank trucks for road transport. This makes LNG locally available. So the Wilhelmshaven terminal can indirectly contribute to emissions reduction in shipping and heavy-duty transport.

    LNG Terminal Wilhelmshaven GmbH is a company of the Uniper Group. Uniper is currently in talks with potential partnering companies from the natural gas and LNG industry regarding a majority share in the terminal company, which shall act as an independent terminal operator.

    More information on the project is available at https://lng-wilhelmshaven.com.

    ]]>
    news,2019,LNG,WHV,WilhelmshavenMon, 20 May 2019 12:30:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-lng-691088.png?10000
    Uniper discontinues plans for combined heat and power plant in Marl http://www.emilytully.com/news/uniper-discontinues-plans-for-combined-heat-and-power-plant-in-marl/ http://www.emilytully.com/news/uniper-discontinues-plans-for-combined-heat-and-power-plant-in-marl/
  • Doubts about economy viability under the current conditions
  • Focus on investment in a new gas and steam power plant in Gelsenkirchen-Scholven
  • Start of construction for plant in Scholven is planned for this year
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper discontinues its planning for a new co-generation plant (CHP) at the Marl site in the northern Ruhr area. Internal analyses have shown that the project is unlikely to be economically viable under the current energy industry conditions. In addition, Uniper recently made the decision to invest in a natural gas fired combined heat and power plant at the Gelsenkirchen-Scholven site and therefore reviewed further commitments. The Scholven location will be switched from coal to natural gas in future. At the beginning of December 2017, Uniper secured the option to build a power plant in Marl through the first tender by the Federal Network Agency (BNetzA) for CHP plants below 50 megawatts.

    Eckhardt Rümmler, Chief Operating Officer at Uniper, commented: "Against the backdrop of our investment decision on the combined cycle power plant in Scholven, we examined the extent to which an investment in the Marl CHP plant is still worthwhile under the current conditions. We were forced to end the project due to our corporate responsibility. At the same time, we are all the more pleased that we have found a solution in the form of a combined cycle plant, with which we will be able to ensure the supply of heating and electricity to the region in the future."

    In the past year, Uniper renewed the long-standing successful partnership with an industrial company in the Gelsenkirchen area. As a result, the investment decision was made for a new plant at the Scholven site, which will supply electricity, heat, steam and possibly demineralized water and compressed air to industrial companies in the area. The plant will be tailored precisely to the needs of the nearby industry and use the existing infrastructure. In addition, the long-distance heat delivery by Uniper Wärme GmbH to its customers can be guaranteed in the long term within this established industrial cluster. As planned, the construction will start this year.

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 12,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,MarlWed, 15 May 2019 15:10:30 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-power-plant-894622.png?10000
    Uniper reaffirms financial targets for 2019 despite a challenging first quarter from an operating perspective http://www.emilytully.com/news/uniper-reaffirms-financial-targets-for-2019-despite-a-challenging-first-quarter-from-an-operating-perspective/ http://www.emilytully.com/news/uniper-reaffirms-financial-targets-for-2019-despite-a-challenging-first-quarter-from-an-operating-perspective/
  • Adjusted EBIT of €185 million in Q1 2019; year-on-year decline largely anticipated; adverse factors included temporary effects in power generation in Europe and a weaker gas and LNG business
  • Net income of €791 million significantly above prior-year period
  • Economic net debt virtually at prior-year level
  • 2019 forecast and intended dividend target for fiscal 2019 reaffirmed
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Uniper posted adjusted EBIT of €185 million in the first quarter of the 2019 financial year (Q1 2018: €350 million). The year-on-year decline of €166 million was largely anticipated. Operating earnings in the first quarter of 2019 were adversely affected primarily by a price-driven increase in costs for carbon allowances, the absence of earnings streams from the U.K. capacity market due to its suspension, and lower earnings at the gas and LNG business. Mild winter temperatures reduced the demand for natural gas, resulting in higher inventory at storage facilities and lower prices at Europe’s trading points. In Russia, by contrast, the company benefited from higher output and power prices.

    Uniper CFO Christopher Delbrück says: “We’ve always said that 2019 will be a transitional year for Uniper in terms of our cash and earnings performance. In the first quarter, a mild winter and several temporary items were additional adverse factors for our power and gas business in Europe. All in all, however, our relevant key performance indicators are in line with our expectations. Although there’s still quite a ways to go, we remain confident that we’ll achieve our targets for full-year 2019. We therefore unequivocally stand by our earnings forecast and the dividend proposal we communicated at our annual-results press conference.“

    The recent renewed sharp increase in carbon prices in the first quarter reduced the European Generation segment’s operating earnings by about €60 million. The background to this is that during the year the company has to record provisions for the costs of carbon emissions. These provisions, which are recorded at the current spot market price for carbon, affect quarterly earnings. However, the company also hedges its carbon transactions, for which it will realize mark-to-market valuation gains at the end of 2019 with a positive effect on its full-year operating earnings. This effect, known as carbon phasing, is therefore temporary and not cash-effective. Operating earnings relative to the prior-year period were also adversely affected by the absence of earnings streams from the U.K. capacity market due to its suspension, lower output from unit 2 at Ringhals nuclear power station in Sweden (in which Uniper owns a minority stake), and production interruptions in France caused by strikes.

    The Global Commodities segment’s operating earnings decreased year on year, primarily because of slightly lower earnings from optimization activities in the gas business. Other negative factors included temporarily narrower margins and a lack of earnings on hedging in the LNG business. For the remainder of the year, Uniper expects to benefit more from optimization activities in the gas business. It anticipates positive effects in its LNG business as well, such as when income is recorded under physical supply contracts.

    Operating earnings at Uniper’s power business in Russia were significantly higher than in the prior-year period. Higher power prices on the day-ahead market and increased output at Surgutskaya power station and at units 1 and 2 of Beryozovskaya power station were the principal positive factors. By contrast, operating earnings in the reporting period were adversely affected by negative currency-translation effects.

    Uniper recorded net income of €791 million in the first quarter of 2019 (Q1 2018: €130 million). Net income attributable Uniper shareholders totaled €768 million (Q1 2018: €114 million). The increase relative to the prior-year quarter is mainly attributable to positive effects resulting from the marking to market of commodity derivatives at the balance-sheet date. Uniper uses derivatives to shield its power and gas business from price fluctuations.

    First-quarter adjusted funds from operations (Adjusted FFO), which Uniper uses to assess the potential dividend payout to its shareholders, amounted to €243 million (Q1 2018: €562 million). The decline of €319 million is primarily attributable to a reduction in cash-effective and FFO-relevant EBIT.1

    Uniper’s economic net debt2 stood at €2,566 million at March 31, 2019. Its debt situation therefore remained largely stable relative to year-end 2018 (adjusted economic net debt at December 31, 2018: €2,509 million).

    Cash-effective investments totaled €108 million, slightly less than in the prior-year period (Q1 2018: €118 million). Uniper invested €76 million in existing growth projects, €32 million in maintenance.

    Uniper’s forecast for full-year 2019 is unchanged: it continues expects its adjusted EBIT to be between €550 and €850 million. Its planned dividend proposal is roughly €390 million.

    The main items that are not relevant for FFO are depreciation and impairment charges, provisions and reversals, and books gains and losses.
     
    Uniper adjusted its definition of economic net debt: economic net debt at March 31, 2019, includes, for the first time, receivables from margining; the figure at December 31, 2018, was adjusted accordingly. Further commentary can be found in the Financial Situation chapter of Uniper’s Quarterly Statement for Q1/2019.

     

    Key financial indicators for the Uniper Group in first quarter 2019

    € in millions

    Q1 2019

    Q1 2018

    +/- %

    Uniper sales

    21,830

    21,025

    3.8%

    Uniper adjusted EBIT1

    185

    350

    -47.3%

    European Generation1

    82

    186

    -56.0%

    Global Commodities1

    56

    134

    -58.4%

    International Power1

    97

    89

    9.6%

    Administration/Consolidation1

    -50

    -59

    -15.9%

    Net income/loss

    791

    130

    >100%

    Attributable to Uniper SE shareholders

    768

    114

    >100%

    Attributable to non-controlling interests

    24

    16

    50.0%

    Operating cash flow

    105

    620

    -83.1%

    Adjusted funds from operations (adjusted FFO)2

    243

    562

    -56.8%

    Investments

    108

    118

    -8.5%

    Growth

    76

    84

    -9.5%

    Maintenance

    32

    34

    -5.8%

    Economic net debt4

    2,566

    2,5093

    2.3%

    Adjusted to exclude non-operating effects.
     
    Adjusted to exclude mainly items that do not reflect underlying cash flow available for distribution.
     
    Figure at December 31, 2018.
     
    Figure at March 31, 2019, includes, for the first time, receivables from margining; the figure at December 31, 2018, was adjusted accordingly.
     

    About Uniper

    Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

    ]]>
    news,finance,2019Tue, 07 May 2019 07:30:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-2019-q1-532156.png?66578
    Andreas Schierenbeck to be Uniper's new CEO, Sascha Bibert its new CFO http://www.emilytully.com/news/andreas-schierenbeck-to-be-unipers-new-ceo-sascha-bibert-its-new-cfo/ http://www.emilytully.com/news/andreas-schierenbeck-to-be-unipers-new-ceo-sascha-bibert-its-new-cfo/This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    The Uniper Supervisory Board today voted unanimously to appoint Andreas Schierenbeck (53) as Uniper’s new CEO and Sascha Bibert (43) as its new CFO.

    Dr. Bernhard Reutersberg, Chairman of the Uniper Supervisory Board, said: “I’m very pleased that we’ve been able to bring on board two top-flight, internationally experienced executives like Andreas Schierenbeck and Sascha Bibert, particularly in this challenging period for Uniper.”

    Schierenbeck, who graduated in electrical engineering, has held a wide variety of leadership roles in Germany and abroad during his nearly 30-year career. Thanks to his many years of experience at Siemens and ThyssenKrupp, he is highly familiar with the structures of large and internationally operating companies. In addition, his most recent role as CEO of Thyssenkrupp Elevators, a successful and the most profitable segment of ThyssenKrupp, gives him extensive expertise in designing solutions for industrial customers and in digitalization.

    Sascha Bibert, who has a masters degree in business administration and is a certified financial analyst, began his professional career as a Senior Analyst at Allianz Global Investors. He was later Senior Vice President at Munich Re, where he oversaw Investor and Rating Agency Relations. About ten years ago, Bibert joined the E.ON Group, where he has held a variety of executive positions, the past five years as CFO of Enerjisa, E.ON’s subsidiary in Turkey, which was successfully listed on the stock exchange after a spin-off in 2018.

    “Andreas Schierenbeck—who brings broad international experience, an unbiased view from another industry, and outstanding problem-solving skills to Uniper—was the best candidate for CEO,” Reutersberg said. “I’ve known Sascha Bibert for more than ten years and personally appreciate him very much for his incisive financial expertise and his broad range of experience. He’s an absolute insider of both the energy industry and capital market, which knows him well.”

    In selecting suitable candidates to succeed Klaus Schäfer and Christopher Delbrück, the Uniper Supervisory Board sought in particular to bring additional capabilities and skills to the company’s top management, thereby enabling it to continue Uniper’s success story.

    “The members of the Supervisory Board agree that Andreas Schierenbeck and Sascha Bibert will harmonize perfectly with their Management Board colleagues, Keith Martin and Eckhardt Rümmler. Moreover, I’m convinced that the two new members of the Management Board also fit with our corporate culture and values and will enrich our company. This leadership team will enable us to continue to successfully meet the enormous challenges of a continually changing energy world and our business environment.”

    Andreas Schierenbeck and Sascha Bibert will begin their new roles on June 1, 2019. Klaus Schäfer and Christopher Delbrück will end their service on the Management Board at the end of Mai 31,2019, but will remain available to the company in an advisory capacity for a transitional period.

    “On behalf of my colleagues on the Supervisory Board, I’d like to thank Klaus Schäfer and Christopher Delbrück for the outstanding work they did for Uniper,” Reutersberg said. “They not only played key roles in establishing and shaping Uniper but also made it one of the most successful companies in the MDAX. Both helped lay the solid foundation on which the newly configured Management Board will continue to build.”

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 12,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,finance,management board,supervisory boardThu, 02 May 2019 16:06:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Uniper and BP are driving production of "green" hydrogen for use in fuels http://www.emilytully.com/news/uniper-and-bp-are-driving-production-of-green-hydrogen-for-use-in-fuels/ http://www.emilytully.com/news/uniper-and-bp-are-driving-production-of-green-hydrogen-for-use-in-fuels/
  • BP and Uniper, together with the Fraunhofer Institute for Systems and Innovation Research ISI, submit project outline for the "Real-world laboratories energy transition" competition

  • The planned project envisages the integration of renewable energy in the form of hydrogen into the transport sector

  • Power-to-gas technology (PtG) in refinery processes (PtGtR) makes a positive contribution to the energy transition
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    In order to demonstrate the technical and economic feasibility of a PtG plant at the BP refinery in Lingen, BP and Uniper, under the scientific supervision of Fraunhofer ISI, have examined and developed options for using the climate-friendly PtG technology for the refinery process. To this end, the partners have submitted a project outline for the ideas competition "Reallabore der Energiewende (Real-world laboratories as a tool for a participatory energy transition)", which was launched by the Federal Ministry for Economic Affairs and Energy. In a first step, the planned project includes the construction and operation of an electrolysis with 15MW electric output, which produces so-called green hydrogen from renewable electricity. By incorporating green hydrogen into existing refinery processes at BP, a renewable component can be added to the production process of conventional fuels.

    In the second step, a power-to-liquids process is to be realized. The considerations are to built a Fischer-Tropsch plant in which green gas with biogenic CO2 can be used to produce synthetic fuels and chemical intermediates. These fuels – like conventional bio-fuels – can be mixed with conventional fuels or even put to use as pure fuel.

    While individual elements of the project have already been tested, the innovation is the combination of these systems as well as the entire upscaling beyond the already tested laboratory scale. The project is an example of the holistic sector interconnect approach, as evident from covering the entire value chain from renewable electricity to (synthetic) fuels and chemical and pharmaceutical sector products. Applying this approach in a refinery therefore can contribute significantly to the success of the energy transition. The renewable forms of energy will be integrated into large-scale industrial production processes. This eliminates efficiency losses that otherwise occur in a hydrogen recycling process. Also, the climate benefits from this: By using PtG, it’s possible to avoid 90 percent of the greenhouse gases generated by conventional processes used at refineries in the production of hydrogen. Along with the flexibilization of renewable energy in the gas and heating sectors, power-to-X processes also make possible the production of “green” fuels, thereby resulting in an immediate and direct reduction in the CO2 produced by vehicles. These “green” electricity-based fuels will make it possible to bridge the gap between the renewable power sector and sustainable mobility.

    Wolfgang Langhoff, Chief Executive Officer of BP Europa SE, says: "In order to be able to present the use of green hydrogen economically in the future, the political signals must literally be green. In concrete terms, this means that the economic operation of such a plant could work if, among other things, the green hydrogen is offset against the greenhouse gas reduction quota in the fuel sector, the former biofuel quota. This would then also form the basis for a decision for a power-to-gas plant at the Lingen site.”

    Eckhardt Rümmler, Chief Operating Officer at Uniper, says: "The real laboratory funding is a good basis for launching projects on an almost industrial scale, with which the energy transition is being driven forward. With a coherent design of the Renewable Energy Directive (RED II), politicians now have the opportunity to close the gap to economic viability and bring these applications to the market without subsidies.“

    For further information please contact:

    BP

    Marc Schulte
    +49 234 43663860
    marc.schulte1@bp.com

    Uniper

    Dr. Nicole Karczmarzyk
    +49 211 4579 3652
    nicole.karczmarzyk@uniper.energy

    About BP

    BP Europa SE employs around 4,600 people in Germany and operates Germany's second largest refinery system with sites in Gelsenkirchen and Lingen. 30 million tonnes of Aral, BP and Castrol petroleum products cover nearly a quarter of Germany’s annual domestic demand. The headquarters of BP Europa SE as well as the aviation and shipping businesses are based in Hamburg. Bochum is home to Aral AG, the retail brand of BP Europa SE in Germany. The international research and development center for fuels technologies are also located there.

    About Uniper

    Uniper is a leading international energy company with 12,000 employees and operations in more than 40 countries. It focuses on the safe delivery of energy and related services. Its activities include electricity generation in Europe and Russia as well as global energy trading. Uniper operates gas storage facilities in Germany, Austria and the UK, and plays an important role in the safe and flexible delivery of natural gas. Uniper is one of the first companies to be involved in the field of power-to-gas and is operator of demonstration facilities in Hamburg-Reitbrook and Falkenhagen. Uniper is headquartered in Düsseldorf.

    ]]>
    news,2019,power-to-gas,Hydrogen,BPThu, 25 Apr 2019 16:48:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-power-to-fuel-368776.png?10000
    Uniper sells remaining stake in Brazil based Eneva S.A. http://www.emilytully.com/news/uniper-sells-remaining-stake-in-brazil-based-eneva-sa/ http://www.emilytully.com/news/uniper-sells-remaining-stake-in-brazil-based-eneva-sa/This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper sells its remaining 6% stake in Brazil-based Eneva S.A. within a secondary placement by several shareholders in Eneva. Uniper expects to receive proceeds of about €75 million equivalent. The settlement of the secondary placement is expected to take place on April 10, 2019. As a result of this divestment, Uniper has no further business operations in Brazil.

    Eneva is a Brazil-based integrated energy company active in gas production and power generation.

    For more information, visit http://www.eneva.com.br/en/.

    Uniper´s Chief Financial Officer Christopher Delbrück says: “In line with our corporate strategy, we consider non-strategic shareholdings for asset rotation. The sale of our Eneva stake is an example of how we’re systematically implementing this strategy.”

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 12,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,Brazil,eneva,divestment,financeFri, 05 Apr 2019 08:42:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Methanation plant in Falkenhagen starts operation and supplies synthetic methane 鈥?another step towards a successful energy transition http://www.emilytully.com/news/methanation-plant-in-falkenhagen-starts-operation-and-supplies-synthetic-methane--another-step-towards-a-successful-energy-transition/ http://www.emilytully.com/news/methanation-plant-in-falkenhagen-starts-operation-and-supplies-synthetic-methane--another-step-towards-a-successful-energy-transition/
  • Essential building block for an integrated energy transition: Power-to-gas technology makes it possible to meet the energy needs of the heating, transport and industry sectors with low CO2 emissions
  • European research project, STORE&GO demonstrates the technical feasibility of the power-to-gas process including methanation
  • Further development of technology opens up climate and economic opportunities
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    After the power-to-gas plant in Falkenhagen, Brandenburg, was expanded by a methanation stage in May 2018, synthetic natural gas - methane - has recently been fed into the natural gas grid. This allowed the partners of the international research project STORE&GO to demonstrate the technical feasibility of the power-to-gas process through methanation, using electrolysis, for feeding the “green” gas into the natural gas grid. So far, pure hydrogen has been fed into the natural gas grid of the power-to-gas plant in Falkenhagen. Today, the plant produces up to 1,400 cubic meters of synthetic methane (SNG) per day, which corresponds to approximately 14,500 kWh of energy. With this amount of energy, 200 golf class CNG cars could drive about 150 km per day. The methanation is designed for continuous operation and constantly achieves a very high quality of feed. To produce the green methane, the regeneratively produced hydrogen is converted to methane, i.e., synthetic natural gas, with CO2 in a bioethanol plant. The heat generated during the process is also used by the neighboring veneer plant.

    Green methane can make an important contribution to the success of the energy transition in the future. Wind and solar energy are subject to strong natural fluctuations in their availability, which can lead to the shutdown of such generating plants at peak times. Therefore, great potential for supplying the country with natural and cheap electricity can be lost. Green methane closes this gap. It can be used in many ways, for example as a fuel, to generate heat and electricity in power plants or at home and as a raw material for the chemical industry. At the same time, the unrestricted use of existing natural gas infrastructure opens up new opportunities for the transport and storage of energy generated from renewable sources. The stored energy is always available as needed, even when the sun and wind are not available to the required extent.

    In the STORE&GO project, 27 partners from six countries are working together to investigate the possibilities of integrating power-to-gas applications into the European energy network and, above all, to promote the methanation of hydrogen as an important component of an integrated energy transition.

    The plant was realized by the operator, Uniper, in collaboration with the location partners, Thyssenkrupp Industrial Solutions, DVGW Research Center at the Engler-Bunte Institute of KIT and the Institute of Chemical Energy - Fuel Technology of the Engler-Bunte-Institute at KIT, as the process developers. In the coming months, further work will be carried out to test and optimize the technology and operational experience will be gained.

    Eckhardt Rümmler, Chief Operating Officer of Uniper, says: "The gas network and gas storage are the only available technology in the long run to store large volumes of renewable energy seasonally. At the same time, power-to-gas contributes to reducing CO2 emissions by using carbon dioxide as a raw material for methane extraction. In order for the technologies to be able to reach their full potential in the future, a gradual conversion of the natural gas network to green gas is required. Crucial prerequisites for this are that the electricity used is exempted from consumer charges and that the CO2 savings in the transport and heat sectors are taken into account.“

    Helmut Knauthe, Chief Technology Officer, Thyssenkrupp Industrial Solutions, says: "With the successful start-up of our methanation plant, science and industry have shown that the storage of renewable energy is possible on a large scale through power-to-gas. Now it is a question of creating the appropriate framework conditions for comprehensive system solutions together with politicians and answering infrastructural questions. Further development of the technology creates industrial policy opportunities and can secure long-term competitive advantages in Germany and Europe.“

    Professor Thomas Kolb, Karlsruhe Institute of Technology (KIT) says: "From electrolysis to wind energy, through methanation to distribution and storage, the PtG pilot plant in Falkenhagen now maps all the steps in the power-to-gas process path. With the successful direct feed into the natural gas network, we have shown that the climate-friendly power-to-gas technology is ready for technical use. We were able to make a significant contribution to this with our innovative honeycomb reactor.“

     

    Your contact for further information:

    Uniper
    Dr. Nicole Karczmarzyk
    +49 211 4579 3652
    nicole.karczmarzyk@uniper.energy

    thyssenkrupp Industrial Solutions AG
    Isabel Reinhardt
    +49 201 844 535472
    isabel.reinhardt2@thyssenkrupp.com

    DVGW
    Sabine Wächter
    +49 228 9188 -609
    presse@dvgw.de

    KIT
    Monika Landgraf
    +49 721 608 47414
    presse@kit.edu

    About Uniper

    Uniper is a leading international energy company with 12,000 employees and operations in more than 40 countries. It focuses on the safe delivery of energy and related services. Its activities include electricity generation in Europe and Russia as well as global energy trading. Uniper operates gas storage facilities in Germany, Austria and the UK, and plays an important role in the safe and flexible delivery of natural gas. Uniper is one of the first companies to be involved in the field of power-to-gas and is operator of demonstration facilities in Hamburg-Reitbrook and Falkenhagen. Uniper is headquartered in Düsseldorf.

    www.emilytully.com

    About thyssenkrupp Industrial Solutions

    The Industrial Solutions business area at thyssenkrupp is a leading partner for the engineering, construction and service of industrial plants and systems. Based on more than 200 years of engineering experience, we supply tailored, turnkey large-scale plants and components for customers in the chemical, fertilizer, cement, mining and steel industries. As a system partner to the automotive, aerospace and naval sectors we develop highly specialized solutions to meet the individual requirements of our customers. More than 21,000 employees at over 100 locations form a global network with a technology portfolio that guarantees maximum productivity and cost-efficiency.

    www.thyssenkrupp-industrial-solutions.com

    About Deutscher Verein des Gas- und Wasserfaches e.V. (DVGW)

    The DVGW (German Gas and Water Industry Association) promotes the gas and water industry with a focus on safety, hygiene, and environmental protection. Together with its more than 13,600 members, the DVGW develops the generally accepted technical regulations for gas and water services. The association initiates and supports research projects and provides training across an entire range of topics relating to the gas and water sector. In addition, it operates a testing and certification program for products, personnel as well as businesses. The DVGW's technical regulations serve as the basis of technical self-management and accountability for the gas and water industry in Germany. They guarantee the safe supply of gas and water at the highest international standards. The non-profit association was founded in 1859 in Frankfurt am Main. The DVGW is self-funding and non-partisan. Research is decentralized in the DVGW. The DVGW's research facilities, which include the DVGW Research Center at the Engler-Bunte Institute (DVGW-EBI) of the Karlsruhe Institute of Technology, combine scientific expertise and university partnerships in line with the practice of the gas and water industries. The DVGW-EBI is the location partner in Falkenhagen and is the overall coordinator of the European project.

    About KIT, Karlsruhe Institute of Technology

    Being „The Research University in the Helmholtz Association“, KIT creates and imparts knowledge for the society and the environment. It is the objective to make significant contributions to the global challenges in the fields of energy, mobility and information. For this, about 9,300 employees cooperate in a broad range of disciplines in natural sciences, engineering sciences, economics, and the humanities and social sciences. KIT prepares its 25,100 students for responsible tasks in society, industry, and science by offering research-based study programs. Innovation efforts at KIT build a bridge between important scientific findings and their application for the benefit of society, economic prosperity, and the preservation of our natural basis of life.

    www.kit.edu

    About STORE&GO

    The international project STORE&GO was launched in 2016 as part of Horizon 2020, the European Union's research and innovation program. The focus of research is on the production of renewable gases via methanation, then storing them on an industrial scale for the purpose of enabling cost-effective operations. In addition to the technological issues involved, economic and legal concerns are also addressed. Research is carried out using three different power-to-gas concepts at three sites in Germany (Falkenhagen, Brandenburg), Italy (Troia, Apulia) and Switzerland (Solothurn). The DVGW, represented by the DVGW Research Center at the Engler-Bunte-Institut of the Karlsruhe Institute of Technology (KIT), is the coordinator of STORE&GO. The project is scheduled to run for a period of four years (2016-2020) with a total budget of approx. 28 million euros, of which approx. 18 million euros will be funded by the EU.

    http://cordis.europa.eu/project/rcn/200559_en.html

    https://www.storeandgo.info/

    ]]>
    news,2019,Power-to-Gas,Falkenhagen,SNG,synthetic methan,green Hydrogen,MethanationTue, 26 Mar 2019 15:50:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-power-to-gas-807039.png?10000
    Uniper divests its stake in OLT Offshore LNG Toscana http://www.emilytully.com/news/uniper-divests-its-stake-in-olt-offshore-lng-toscana/ http://www.emilytully.com/news/uniper-divests-its-stake-in-olt-offshore-lng-toscana/This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Uniper has concluded an agreement with First State Investments to divest its stake in OLT Offshore LNG Toscana. Uniper has a 48.2% stake in OLT. OLT’s other shareholders are Italy-based IREN Group, which has a 49.1% stake, and Golar LNG, which has a 2.7% stake. First State Investments will acquire Uniper’s entire OLT stake. The purchase price for Uniper’s stake amounts to approx. €400 million and will be adjusted at closing for any distributions already made to Uniper in 2018 and 2019. The resulting net proceeds at a closing later this year are expected to be at a level of approx. €340 million.

    OLT is the company that developed and operates “FSRU Toscana”, a floating storage and regasification unit. The unit is moored about 22 kilometers from the Tuscan coast between Pisa and Livorno and has a maximum authorized regasification capacity of 3.75 billion cubic meters per year. The business is subject to Italian regulation. More information: https://www.oltoffshore.it/en/.

    Uniper is active in developing LNG infrastructure in Europe and in procuring and trading LNG worldwide. OLT is a regulated asset and for Uniper a purely financial minority participation. Therefore, being a shareholder of OLT offers Uniper no advantages for expanding and optimizing its own LNG portfolio.

    Eckhardt Rümmler, Uniper COO: “We’re pleased to divest our stake in OLT Offshore LNG Toscana to an experienced gas infrastructure investor like First State Investments. We’ve always said that selected existing gas infrastructure investments which we consider as strategic non-core assets may be suitable for portfolio rotation. That means that we would reinvest the sale proceeds in our growth businesses that generate attractive returns. The agreement on the sale is another example of how we’re systematically implementing our strategy.”

    The closing of the transaction is still subject to the approval of the competent authorities as well as other customary conditions.

    About Uniper

    Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

    About First State Investments

    First State Investments is the international arm of Colonial First State Global Asset Management (First State), an experienced global asset manager with in excess of €127 billion managed on behalf of investors worldwide as at 31 December 2018. First State is a leading manager of infrastructure investments with over €8.0 billion of unlisted infrastructure capital under management and has been actively investing in long life infrastructure businesses since 1994. First State is an experienced owner of utility businesses across Europe and its current portfolio includes utilities in Estonia, Finland, France, Germany, Portugal, Sweden and the United Kingdom. The transaction is being made on behalf of First State’s European Diversified Infrastructure Fund II (EDIF II), a European domiciled, euro-denominated fund with a long-term buy and hold investment strategy, investing capital on behalf of an investor base predominantly consisting of European pension funds and life insurers.

    ]]>
    news,finance,2019,OLT,LNG,disposalFri, 22 Mar 2019 14:15:26 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Uniper achieves financial targets for 2018 financial year; dividend proposal again higher http://www.emilytully.com/news/uniper-achieves-financial-targets-for-2018-financial-year-dividend-proposal-again-higher/ http://www.emilytully.com/news/uniper-achieves-financial-targets-for-2018-financial-year-dividend-proposal-again-higher/
  • Adjusted EBIT of €0.87 billion in line with forecast; decline mainly due to known portfolio changes and absence of non-recurring effects
  • Adjusted funds from operations (adjusted FFO)1 of €0.76 billion nevertheless at prior-year level
  • Dividend proposal for 2018 of €329 million (€0.90 per share) once again above target
  • Outlook for 2019: adjusted EBIT expected to be between €0.55 and €0.85 billion, adjusted FFO between €0.65 and €0.95 billion; dividend of €390 million to be proposed
  • Implementation of strategy moves forward with key projects
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Uniper achieved its financial targets for the 2018 financial year: Adjusted EBIT of €865 million was inside the target range of €0.8 to €1.1 billion. Adjusted funds from operations (adjusted FFO) of €756 million were at the prior-year level. In line with the company’s already communicated dividend policy, this resulted in proposed dividend payout of €329 million. This is again more than the original target for 2018 of €310 million and corresponds to €0.90 per share (2017 financial year: €0.74 per share).

    Uniper´s Chief Financial Officer Christopher Delbrück says: “Despite all the challenges, in 2018 Uniper again kept its word and delivered on its financial targets. Although our operating performance was somewhat weaker, we kept the company on course in an extremely difficult market environment. The stable performance of our adjusted funds from operations again enables us to make our shareholders an attractive dividend proposal. Our balance sheet is on schedule as well: achieving a comfortable investment-grade rating and concluding our refinancing early enabled us to notch up two important successes in 2018.”

    Uniper recorded a net loss of €492 million for full-year 2018 (2017: net loss of €538 million). This was mainly attributable to impairment charges totaling €681 million on Datteln 4 and Provence 4 power plants and the gas-storage portfolio in Germany. In addition, the marking to market of commodity derivatives at the balance-sheet date resulted in a negative effect of roughly €300 million.

    By contrast, adjusted funds from operations (adjusted FFO), which Uniper uses to assess the potential dividend payout to its shareholders, amounted to €756 million, which was at the prior-year level (2017: €753 million). This stable performance mainly reflects a reduction in the utilization of provisions, which partially offset the lower operating earnings.

    Outlook for financial year 2019

    Uniper expects its 2019 adjusted EBIT to be between €550 and €850 million. The decline in the forecast adjusted EBIT compared to 2018 is driven by the absence of positive one-off effects and earnings from LNG hedging transactions. However, these effects will be partially offset by higher prices in all European electricity markets and increased output from the company’s hydroelectric power plants in Germany and Sweden. The forecast for 2019 also does not include the contractually agreed payments from the suspended British capacity market. If the system were to come into force again during the year, the earnings forecast for 2019 would increase by up to €120 million.

    Uniper anticipates 2019 adjusted funds from operations of between €650 and €950 million. Adjusted FFO will mainly reflect the performance of adjusted EBIT, although the absence of positive prior-year effects is largely not cash-effective or not relevant for adjusted FFO. The proposed dividend for the 2019 financial year is €390 million.

    Implementation of strategy moves forward with key projects

    To successfully position itself for the future, in 2018 Uniper worked systematically on its strategic development and moved forward with key projects. For example, the company will build a new 300 megawatts gas-fired power plant at its Irsching facility. The plant, is expected to enter service in 2022, in particular to provide emergency backup for the power supply at times of system stress. Uniper also made progress in the transformation of Scholven. To ensure the facility’s viability for the long term, Uniper will build a combined-heat-and-power plant consisting of two gas turbines and a steam boiler at the existing hard-coal-fired plant. More detailed planning took place in 2018 so that start of construction works is expected to begin this year.

    In Russia, Uniper will also participate in the modernization program for conventional power generation capacities in the current financial year. The Russian government has decided to modernize some 40 gigawatts of generation capacity over the next decade. The first auction for the supply of capacity for the years 2022 to 2024 will take place in April 2019. Uniper will participate in this auction in order to generate stable earnings from capacity payments here as well.

    Uniper’s Chief Operating Officer Eckhardt Rümmler says: “Our strategy aims to continually increase the proportion of earnings not exposed to market prices. These two investment projects demonstrate that we’re making substantial progress in implementing our strategy. For the Scholven projects, the Russian modernization program and the new gas-fired power plant in Irsching alone, which have now been initiated, we will be investing around 500 million euros over the next few years, thus making our company fit for the future”.

     
    1 “Adjusted funds from operations” (adjusted FFO) is a key figure used by Uniper since 2017 in part to assess the potential dividend payout to its shareholders and to calculate the Management Board’s variable compensation. For a detailed definition see Uniper Annual Report 2018 page 22.

     

    About Uniper

    Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

     

    Uniper’s sales and earnings performance in 2018

    € in millions

    2018

    2017

    +/- %

    Uniper sales

    78,176

    72,238

    8.2%

    Uniper adjusted EBIT1

    865

    1,114

    -22.4%

    European Generation1

    386

    337

    14.5%

    Global Commodities1

    318

    341

    -6.7%

    International Power1

    278

    616

    -54.9%

    Administration/Consolidation1

    -117

    -180

    35.0%

    Net income/loss

    -492

    -538

    8.5%

    Attributable to Uniper SE shareholders

    -452

    -656

    31.1%

    Attributable to non-controlling interests

    -40

    118

    >-100%

    Operating cash flow

    1,241

    1,385

    -10.4%

    Adjusted funds from operations (adjusted FFO)2

    756

    753

    0.4%

    Investments

    642

    843

    -23.8%

    Growth

    325

    451

    -27.9%

    Maintenance

    317

    392

    -19.1%

    Economic net debt

    -3,208

    -2,445

    -31.2%

    1 Adjusted to exclude non-operating effects
    2 Adjusted to exclude mainly items that do not reflect underlying cash flow available for distribution

     

    ]]>
    news,finance,2019,fy18Tue, 12 Mar 2019 07:30:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-2018-fy-905901.png?46120
    Uniper and Fortum give their relationship a fresh start http://www.emilytully.com/news/uniper-and-fortum-give-their-relationship-a-fresh-start/ http://www.emilytully.com/news/uniper-and-fortum-give-their-relationship-a-fresh-start/
  • Uniper Supervisory Board Chairman Bernhard Reutersberg initiates fresh path of collaboration with Fortum
  • Agree to initiate cooperation talks to develop specific proposals
  • Keith Martin und Eckhardt Rümmler will lead this process for Uniper
  • Uniper Management Board will be reconfigured
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    The Chairman of the Uniper Supervisory Board, Bernhard Reutersberg, has reached an understanding with Fortum to initiate a fresh start to redefine the future partnership between the two companies. The objective is to determine, on the operational and strategic level, in which areas and how a partnership between the two companies adds value and to reach an understanding about this. A working group, led on the Uniper side by Keith Martin and Eckhardt Rümmler, will engage in discussions, without a predetermined outcome, about the areas the strategic partnership could encompass in order to create value for all shareholders. For this purpose, initial proposals are to be developed as soon as possible.

    Bernhard Reutersberg, Chairman of the Uniper SE Supervisory Board: “I’m in agreement with Fortum Board of Directors Chairman Matti Lievonen and Fortum CEO Pekka Lundmark that the status quo can’t continue. Too much is at stake—for both companies, for our employees, and also for the energy industry as a whole. Specific solutions for how Fortum and Uniper will work together in the future have so far not been found. It’s time for decisive action, for taking the next steps, and for rapprochement. This marks a new beginning in the relationship between Uniper and its biggest stakeholder. We don’t today know what ultimately will come of it. But we’re starting now."

    At a meeting of the Uniper Supervisory Board’s Executive Committee on February 5, 2019, the Committee and Uniper CEO Klaus Schäfer and Uniper CFO Christopher Delbrück mutually agreed on a termination of their respective employment contracts and their respective appointment as members of the Management Board with effect as of August 31, 2019.

    Klaus Schäfer, CEO of Uniper SE: “Due to my ongoing illness, I would not be able to devote the necessary energy to building a strategic partnership with Fortum and to guiding and supporting this process. Ensuring Uniper’s future viability was and remains something I’m very passionate about. That’s why I’ve made a very conscious decision to step aside for someone able to devote all their energy to this task and, at the same time, embark on this process unprejudiced. I’d like to thank Bernhard Reutersberg, the Supervisory Board, my Management Board colleagues, and all employees for the trust they placed in me and their outstanding support over the years. Together, we made Uniper what it is today, a strong company with highly dedicated employees and a special culture. This will certainly help Uniper also in the challenges ahead.”

    Christopher Delbrück, CFO of Uniper SE: “I too agreed with the Supervisory Board on the termination of my employment contract and my appoint as a member of the Management Board at the end of August. I’ve always made my position clear regarding where and how I see Uniper’s future. I respect our biggest shareholder’s interest in a strategic partnership. That’s not the path for me. But Uniper’s success story must continue, independent of individuals. I hope that my taking this step contributes to this and, at the same time, helps ease the situation between Fortum und Uniper. I’m convinced that in the past three years we’ve achieved very much for Uniper, things that all of us can justly be very proud of and that provide a very solid foundation to build on. I’d like to thank Bernhard Reutersberg, the Supervisory Board, my Management Board colleagues, and all employees for their trust and teamwork.”

    Bernhard Reutersberg: “I’d like to thank Klaus Schäfer and Christopher Delbrück for their decision, which doubtless wasn’t easy for them. Klaus Schäfer and Christopher Delbrück have done great things and helped transform a company that was initially known as a supposed ‘bad bank’ into a successful MDAX company and, indeed, one of unforeseen luster. Uniper’s business development has been unprecedentedly positive. Both have helped lay an excellent foundation which, together, Uniper and Fortum will now build on. I will now see to it that the process for a strategic partnership between Fortum und Uniper gets off to a good start and proceeds successfully. We owe this to interests of our employees, customers, and shareholders. The members of the Uniper Management Board responsible for the operational and commercial sides of the business, Eckhardt Rümmler and Keith Martin, will lead the process. They are our best experts for successfully defining the areas of the strategic partnership. I’d like to thank Keith Martin and Eckhardt Rümmler for their willingness to actively shape the fresh start with Fortum and the transition. I’ll stand shoulder to shoulder with them, offer advice and practical assistance, and, in sum, do everything I can to support them. The Uniper team and its great expertise will likewise make a valuable and constructive contribution. We’re convinced that this strategic partnership is the best possible way to shape the future of both companies and thus to create viable prospects for both.”

    About Uniper

    Uniper is a leading international energy company with activities in more than 40 countries and around 12,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,managementboard,mb,ceo,cfo,fortum,supervisoryboard,sb,finance,personnelTue, 05 Feb 2019 22:18:50 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Uniper entered into Heads of Agreement on regasification capacity in FSRU project Wilhelmshaven, Germany, with ExxonMobil http://www.emilytully.com/news/uniper-entered-into-heads-of-agreement-on-regasification-capacity-in-fsru-project-wilhelmshaven-germany-with-exxonmobil/ http://www.emilytully.com/news/uniper-entered-into-heads-of-agreement-on-regasification-capacity-in-fsru-project-wilhelmshaven-germany-with-exxonmobil/This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper SE entered into a Heads of Agreement with ExxonMobil Gas Marketing Europe Limited in respect of a long-term booking of a substantial share of regasification capacity in Uniper’s FSRU (Floating Storage and Regasification) project Wilhelmshaven. The parties will continue their discussions in the coming months with the goal to enter into binding agreements soon.

    Keith Martin, Chief Commercial Officer of Uniper SE, says: “The Heads of Agreement is an important step towards the realization of the Wilhelmshaven FSRU project. The FSRU will provide LNG companies from the US, but also other countries from around the world with the opportunity to deliver LNG into the German and European market. This will increase security of supply for customers at competitive price levels. The FSRU technology allows us to realize the project fast and in the most economical way.”

    Uniper plans to enable the FSRU at their site in Wilhelmshaven, Germany. The FSRU has a planned send-out capacity of 10 bcm/a and an LNG storage capacity of around 263,000 m³. The facility could be in operation as early as the second half of 2022. The project benefits from the existing site in Wilhelmshaven where required infrastructure is already in place. Wilhelmshaven is the only German deep-water port and can be reached without any tidal constraints. In addition, the favorable location of Wilhelmshaven with regard to the existing pipeline and gas storage infrastructure supports the realization of the project.

    Uniper aims to develop the FSRU as a multi user facility and entertain discussions with additional counterparties that expressed serious interest in regasification capacity in the project. Uniper, as project facilitator, will continue to work closely with the relevant authorities to receive the permits for the operation of the facility and to gather interest for regasification capacity from additional market participants.

    In December 2018 Uniper entered into an agreement with Japanese shipowner Mitsui O.S.K Line (MOL). MOL will own, finance and operate the FSRU.

    The FSRU technology is commonly used in the LNG industry. Compared to an on-shore facility an FSRU can be built cheaper and faster. Risks arising during the construction period are reduced. The FSRU will be designed to allow for the use of LNG as marine fuel and onward transportation of LNG on trucks.

    In addition, Uniper recently concluded an agreement with Dutch Titan LNG on the development of the technical and commercial interface for small scale LNG. The FSRU Wilhelmshaven will allow for the loading of bunker barges. Further, the construction of truck loading bays is planned to allow for the onward transportation of LNG by road.

    Uniper is also expanding its LNG business activities in other areas: The company will be supplying up to 1 million tons of LNG from the US to southwestern Europe over the coming three years. The relevant agreements were concluded recently. Uniper is drawing on LNG export volumes from Freeport in the US. An agreement from 2015 grants Uniper the right to export approx. 0.9 million tons of LNG (on a “free-on-board” basis) from the US for a period of twenty years. Since Freeport LNG aims to start initial LNG deliveries in the second half of this year, Uniper has already begun worldwide marketing of the LNG of this agreement.

    About Uniper

    Uniper is a leading international energy company with 12,000 employees and operations in more than 40 countries. It focuses on the safe delivery of energy and related services. Its primary activities include electricity generation in Europe and Russia as well as global energy trading. Uniper operates gas storage facilities in Germany, Austria and the UK, and plays an important role in the reliable and flexible delivery of natural gas. Uniper is one of the first companies to be involved in the field of power-to-gas and operates a demonstration facility in Falkenhagen. Uniper is headquartered in Düsseldorf, Germany.

    Corporate website: www.emilytully.com

    Project website: www.lng-wilhelmshaven.com

    ]]>
    news,2019,LNG,ExxonMobile,FSRU,WilhelmshavenFri, 25 Jan 2019 10:00:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-lng-691088.png?10000
    Uniper and Titan LNG to cooperate boosting LNG Wilhelmshaven Terminal functionality http://www.emilytully.com/news/uniper-and-titan-lng-to-cooperate-boosting-lng-wilhelmshaven-terminal-functionality/ http://www.emilytully.com/news/uniper-and-titan-lng-to-cooperate-boosting-lng-wilhelmshaven-terminal-functionality/Joint Press release
  • Seagoing vessels and trucks to be loaded at LNG terminal Wilhelmshaven
  • LNG meets tightened environmental requirements for maritime transport
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper SE and the Dutch Titan LNG signed a Memorandum of Understanding to accelerate the growth of Liquified Natural Gas (LNG) as a fuel in the downstream markets for industry, road fuel and shipping fuel in Germany. The parties are planning to develop a user-friendly technical interface and commercial products for small-scale LNG players from the Wilhelmshaven Floating Storage and Regasification Unit (FSRU) for LNG. The terminal in Wilhelmshaven will enable the loading of small LNG seagoing vessels and barges. In addition, several truck loading bays are planned to enable the onward transport of LNG by road.

    The distribution of LNG by truck from Wilhelmshaven is seen as an important impulse for the establishment of LNG as truck fuel. Numerous LNG filling stations are currently under construction in Germany. Compared to diesel, LNG will significantly reduce CO2 emissions. In addition, no particles will be emitted and nitrogen and sulfur oxide emissions will be greatly reduced. The German Federal Government supports logistics companies with subsidies and the toll-free use of German roads for LNG-powered trucks.

    With its proximity to the Jade Weser Port, Bremerhaven and the German Bight, Wilhelmshaven is a very suitable location to supply LNG for all downstream markets and in particular for marine fuels. The market for so-called small-scale LNG is gaining in importance due to its proven economic benefits. As a fuel, LNG already meets the more stringent environmental requirements for ocean shipping.

    Keith Martin, Member of the Executive Board and Chief Commercial Officer of Uniper SE: "The agreement with an experienced and established market player in the small-scale LNG sector such as Titan LNG is another important step for the FSRU Wilhelmshaven project. Titan LNG has extensive know-how in the development of attractive products for customers in this segment. With Wilhelmshaven, we offer a first-class location for supplying the shipping and road fuel markets with LNG. With this cooperation, the FSRU Wilhelmshaven project can make an important contribution to reducing CO2 and pollutant emissions".

    Niels den Nijs, Chief Executive Officer of Titan LNG: "Titan LNG is pleased that we can contribute the know-how we have built up over the last six years to this project for the LNG downstream market. We believe that the short distances to the markets will help to boost LNG as a fuel. Our existing and future customers will benefit from the economic and environmental advantages of this fuel."

    Titan LNG and Uniper have been leading suppliers in the small-scale LNG market segment for years. Uniper is currently developing a Floating Storage and Regasification Terminal (FSRU) at its Wilhelmshaven site. The FSRU will have a natural gas send-out capacity of 10 billion cubic meters per year and an LNG storage capacity of more than 263,000 m³. The terminal is scheduled to go into operation in the second half of 2022. In Wilhelmshaven, Uniper can use existing infrastructure. It is the only German site with a deep-water port and can be reached without tidal constraints. In addition, Wilhelmshaven is ideally located with regard to the existing pipeline and gas storage infrastructure.

    FSRU technology is often used in the LNG industry. Compared to an onshore facility, a FSRU can be built faster and more cost-effectively, reducing risks during the construction phase.

    In December 2018, Uniper signed a memorandum of understanding with the Japanese shipping company Mitsui O.S.K. Line (MOL). MOL will own, finance and operate the FSRU. Uniper is currently coordinating the permits for the operation of the facility with the relevant authorities.
    Project website: www.lng-wilhelmshaven.com

    About Uniper
    Uniper is a leading international energy company with operations in more than 40 countries and some 12,000 employees. It focuses on the safe delivery of energy and related services. Its primary activities include electricity generation in Europe and Russia as well as global energy trading. Uniper operates gas storage facilities in Germany, Austria, and the UK, and plays an important role in the safe and flexible delivery of natural gas. Uniper is one of the first companies to be involved in the field of power-to-gas and operates demonstration facilities in Hamburg-Reitbrook and Falkenhagen. Uniper is headquartered in Düsseldorf, Germany. Further, Uniper is involved in the development of the LNG as a fuel for the transportation market via its subsidiary Liqvis and supplies the small-scale LNG market via existing terminal capacities.
    www.emilytully.com
    Website of Uniper’s subsidiary Liqvis: www.liqvis.com

    About Titan LNG
    Titan LNG is the leading full-service supplier of LNG to the marine and industrial markets in North West Europe. In the marine segment Titan LNG specializes in providing shipping customers with practical and flexible LNG solutions like the T-piece for combined Truck-to-Ship bunkering. Titan LNG will make low cost ship-to-ship bunkering possible in ARA with its FlexFueler001 bunkering pontoon, that is under construction and will be on the water end of the first quarter this year. Titan LNG has a growth strategy in place for multiple ports in NW Europe and the Mediterranean.
    www.titan-lng.com


    For further inquiries please contact:

    Uniper SE
    Georg Oppermann
    Spokesperson
    T +49 2 11 45 79 55 32
    M +49 1 78-4 39 48 47
    georg.oppermann@uniper.energy


    Titan LNG
    Jippe van Eijnatten
    Spokesperson & German Business Development
    T +31 20 7220 724
    F +31 6 11 52 89 11
    jve@titan-lng.com

    ]]>
    news,2019,LNG,Titan,Wilhelmshaven,FSRUThu, 17 Jan 2019 10:00:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-titanlng-939188.png?10000
    Uniper to build new gas power plant in Irsching http://www.emilytully.com/news/uniper-to-build-new-gas-power-plant-in-irsching/ http://www.emilytully.com/news/uniper-to-build-new-gas-power-plant-in-irsching/
  • TenneT awards contract under tender for "special grid facilities"
  • Planned generating capacity of 300 megawatts
  • Commissioning scheduled for October 2022
  • Further step in implementing the Uniper strategy
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper has been awarded the contract from grid operator TenneT to build a gas power plant with a capacity of 300 megawatts (MW) in Irsching near Ingolstadt. Uniper will build and operate the plant. TenneT made the announcement today. Starting on October 1, 2022, the power plant will be on stand-by to serve as a “safety cushion” by supplying power in special emergency circumstances. As a “special grid facility”, it will not serve the market and will instead be available on short notice any time system reliability is at risk. For policy makers it serves the goal of ensuring supply system reliability going forward.

    In late June 2018 TenneT, together with grid operators Amprion and TransnetBW, issued a call for bids throughout Europe for a total capacity of 1200 MW for special grid facilities pursuant to § 11(3) EnWG [Energy Industry Act] without reference to any particular type of technology. 300 MW will be assigned to each of four regions in southern Germany. Grid operator TenneT has now awarded the first contract for the southern Bavarian region.

    Eckhardt Rümmler, Uniper board member and Chief Operating Officer (COO), commented: “I am pleased that Uniper won the competition for a 'special grid facility' to assure a reliable supply of electricity. For this, we will build and operate a new gas power plant. Their high flexibility makes gas power plants ideal for balancing out the increasing share of non-controllable electricity generated from wind and solar energy. They should therefore play an important role when it comes to Germany achieving its ambitious climate goals without incurring excessive risks in supplying industry and homes with electricity. Given the anticipated stable earnings it will generate, this project is a further step in implementing our strategy to significantly increase revenue that is not dependent on the wholesale market.”

    Uniper already operates several units at the site. The Ulrich Hartmann plant (Irsching 4, 561 MW) went into operation in 2011 and, with an efficiency rate of 60.4 percent, is one of the most efficient combined cycle facilities worldwide. Block 5 (likewise combined cycle, 846 MW) became operational in 2010 and, with its efficiency rating of 59.7 percent, is also one of the most modern combined cycle plants in Europe. Alongside Uniper, with its 50.2 percent share, N-ERGIE (25.2 percent) Mainova (15.6 percent), and ENTEGA (9 percent) also have stakes in Irsching 5.

    Irsching 4 and 5 are currently operated under the so-called grid reserve directive (Netzreserveverordnung). They therefore will be used only when their output is needed to maintain grid stability. The oil-fired block 3 (415 MW) was slated to be permanently shut down in 2012. Owing to the grid situation in southern Germany, the facility has been held in reserve since then for grid operator TenneT.

    About Uniper
    Uniper is a leading international energy company with activities in more than 40 countries and around 12,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2019,gas,generation,new build,Irsching,TenneT,power plantWed, 09 Jan 2019 08:25:41 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-power-plant-894622.png?10000
    Uniper and EPH enter into exclusive negotiations for the sale of Uniper鈥檚 activities in France http://www.emilytully.com/news/uniper-and-eph-enter-into-exclusive-negotiations-for-the-sale-of-unipers-activities-in-france/ http://www.emilytully.com/news/uniper-and-eph-enter-into-exclusive-negotiations-for-the-sale-of-unipers-activities-in-france/
  • Strategic review of French business was announced in August 2018
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper has received a unilateral binding offer from Energetický a pr暖myslový holding, a. s. (EPH), through its wholly owned subsidiary EP Power Europe, and has accepted to enter into exclusive negotiations with EPH for the sale of Uniper's activities in France. The aim of EPH is to acquire all activities and assets of Uniper in France. The next step now is a mandatory consultation process with the employees’ representative bodies to be initiated in January. Only then a possible transaction can be concluded. The exploratory process for a possible sale of Uniper’s activities was initiated as part of a strategic review of the French business which was communicated in August. The decision of the Uniper Board to enter into exclusive negotiations with EPH represents an important milestone in this context.

    Uniper France
    Uniper's portfolio in France includes (i) two gas-fired power plants with around 400 MW each in Saint-Avold (Lorraine), (ii) two hard coal plants, each with around 600 MW, located in Saint-Avold and Gardanne (Provence), (iii) a 150 MW biomass power plant "Provence 4 Biomasse" located in Gardanne, as well as (iv) wind and solar power plants with a combined capacity of around 100 MW. Uniper supplies electricity and gas products to industrial and commercial customers and also offers energy-related services in this segment. The contribution of Uniper France to the overall Uniper group net income in 2017 was a low single-digit million Euro amount.

    Uniper
    Uniper is a leading international energy company with activities in more than 40 countries and around 12,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.

    ]]>
    news,2018,France,EPH,saleMon, 24 Dec 2018 10:01:31 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Staudinger 5 power plant to produce electricity and heat again during summer http://www.emilytully.com/news/staudinger-5-power-plant-to-produce-electricity-and-heat-again-during-summer/ http://www.emilytully.com/news/staudinger-5-power-plant-to-produce-electricity-and-heat-again-during-summer/
  • Reversal of shut-down notification for summer months 2019 and 2020
  • Uniper sees improved prospects for plant on electricity market
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    The hard coal-fired Staudinger 5 plant is set to produce electricity and heat during the summer months again going forward, following an announcement to this effect by Uniper, which operates the plant, to the transmission grid operator, TenneT, and the Federal Network Agency. The announcement reversed the closure announced in late October of last year for the summer months June to August 2019 and 2020. The reason for the decision has to do with improved market conditions so that according to its current assessment the plant sees opportunities to again earn revenue through the production of electricity. Uniper may reassess the situation in the light of market developments.

    Uniper had announced the temporary closure of Staudinger 5 during the summer months (June through August) for 2018-2020 pursuant to the Energy Industry Act and the Network Reserve Directive. The plant was idled during the three summer months in 2018.

    The Staudinger plant in Grosskrotzenburg is the largest conventional power plant in the state of Hesse. The coal-fired block 5 (510 megawatts net capacity) was put in operation in 1992 and produces electricity primarily for the electricity market in the mid-load range. The total power generated at the Staudinger plant is sufficient to supply roughly 750,000 customers. The plant also generates district heating for more than 20,000 households in Grosskrotzenburg and Hanau.

    Blocks 1-3 were previously shut down in 2012 and 2013. Block 4 (1977, 580 megawatt net capacity) is a gas-fired power plant and is utilized by the grid operator TenneT as reserve capacity and for stabilizing the power grid.

    ]]>
    news,2018,summer cold,StaudingerWed, 19 Dec 2018 15:00:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-power-plant-894622.png?10000
    Uniper SE and Mitsui O.S.K. Lines enter into agreement on FSRU project in Wilhelmshaven, Germany, and one additional LNG transportation agreement http://www.emilytully.com/news/uniper-se-and-mitsui-osk-lines-enter-into-agreement-on-fsru-project-in-wilhelmshaven-germany-and-one-additional-lng-transportation-agreement/ http://www.emilytully.com/news/uniper-se-and-mitsui-osk-lines-enter-into-agreement-on-fsru-project-in-wilhelmshaven-germany-and-one-additional-lng-transportation-agreement/Joint press releaseThis press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper SE and Mitsui O.S.K. Lines, Ltd. have reached an agreement to continue and intensify their efforts to implement an FSRU (Floating Storage and Regasification Unit) at Uniper site in Wilhelmshaven, Germany. The FSRU has a planned send-out capacity of 10 bcm/a and an LNG storage capacity of 263,000 m³. The facility could be in operation as early as the second half of 2022. The project benefits from the existing site in Wilhelmshaven where required infrastructure is already in place. Wilhelmshaven is the only German deep-water port and can be reached without any tidal constraints. In addition, Wilhelmshaven is closely located to the existing pipeline and gas storage infrastructure.

    In the project, Mitsui O.S.K. Lines has intention to own, operate and finance the FSRU. Uniper as project developer will continue to work closely with the relevant authorities to receive the permits for the operation of the facility and to gather interest for regasification capacity from additional market participants.

    The FSRU technology is commonly used in the LNG industry. Compared to an on-shore facility a FSRU can be built cheaper and faster. Risks arising during the construction period are reduced. The FSRU will be designed to allow for the loading of small-scale barges to enable the use of LNG as marine fuel. Further, onward transportation of LNG on trucks will be possible.

    Keith Martin, Chief Commercial Officer of Uniper SE, stated: “We are glad that we were able to get such an experienced partner as Mitsui O.S.K. Lines on board for the development of Germany’s first LNG terminal. Our partnership with MOL combined with the FSRU technology as well as Wilhelmshaven’s uniqueness in Germany, provide the fastest and most economical way to realise LNG imports directly into Germany. This will also be to the benefit of the end-customers.”

    Takeshi Hashimoto, Senior Managing Executive Officer of MOL, stated: “We continue to support Uniper through our existing strong relationship and cooperation to secure Germany’s first LNG terminal in Wilhelmshaven.”

    A LNG terminal in Germany, especially with the planed large regasification capacity in Wilhelmshaven, would decisively strengthen the security of gas supply in Germany and increase competition to the benefit of end customers. This is because it enables large quantities of gas to be procured from the global LNG market and thus serves to diversify gas supplies, which is also being pursued at the political level in Germany and Europe.

    In addition to the agreement in respect of the FSRU Wilhelmshaven, Uniper and MOL entered into a binding transportation agreement. Under the agreement MOL will provide Uniper with shipping capacity equivalent to a 180,000 m³ LNG carrier. The agreement will commence in December 2020. Uniper intends to use the additional shipping capacity to optimize LNG volumes sourced from Freeport, U.S., and to further leverage its expanding LNG trading activities. Already in 2015 Uniper contracted approx. 0.9 mtpa of US LNG exports. The supply contract has a duration of 20 years.
     

    About Uniper SE

    Uniper is a leading international energy company with operations in more than 40 countries and some 12,000 employees. It focuses on the safe delivery of energy and related services. Its primary activities include electricity generation in Europe and Russia as well as global energy trading. Uniper operates gas storage facilities in Germany, Austria, and the UK, and plays an important role in the safe and flexible delivery of natural gas. Uniper is one of the first companies to be involved in the field of power-to-gas and operates demonstration facilities in Hamburg, Reitbrook, and Falkenhagen. Uniper is headquartered in Düsseldorf, Germany.

    www.emilytully.com
     

    About Mitsui O.S.K. Lines, Ltd.

    Mitsui O.S.K. Lines, Ltd. is a Japanese transport company headquartered in Tokyo, Japan. It is one of the largest shipping companies in the world, and the largest LNG Carrier Operator. Mitsui O.S.K. Lines fleet includes dry cargo ships, liquefied natural gas carriers, Ro-Ro Car Carrier ships, tankers, and also diversifies its business to maritime related industries.

    www.mol.co.jp/en
     

    Project website: www.lng-wilhelmshaven.com
     

    Your contacts for further information:

    Uniper SE
    Leif Erichsen
    T +49 211 4579 3570
    M +49 171 5639242
    leif.erichsen@uniper.energy

    Mitsui O.S.K. Lines, Ltd.
    Corporate Communication Division
    Media Relations Team
    T +81 3 3587 7015
    F +81 3 3587 7705
    mrtmo@molgroup.com
     

    ]]>
    news,2018,lng,mol,lngwhv,joint,fsru,wilhelmshavenMon, 17 Dec 2018 07:30:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-mol-564254.png?10000
    Uniper urgently requests structural proposals from the French government on the phase out of coal http://www.emilytully.com/news/uniper-urgently-requests-structural-proposals-from-the-french-government-on-the-phase-out-of-coal/ http://www.emilytully.com/news/uniper-urgently-requests-structural-proposals-from-the-french-government-on-the-phase-out-of-coal/
  • End of coal-fired power production by end of 2021 jeopardizes Uniper activities in France as a whole
  • Statements by French government on coal exit as part of the Energy plan (PPE) are inadequate
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    Uniper is requesting that the French government officially clarify its timetable for phasing out coal and provide specific proposals for a structural resolution of the issue with the affected companies. The statements released yesterday by the government as part of the multi-year energy planning process (Programmation pluriannuelle de l’énergie“; PPE) fall far short of providing a sound basis for business decisions. The early closure of all remaining coal-fired power plants in France, to be completed no later than the end of 2021, as reiterated in the PPE, instead jeopardizes existing supply obligations, facilities and several hundreds of jobs at Uniper alone. Moreover, it will drive one of the last remaining private, non-French competitors to the state-owned Electricité de France (EdF) out of the market.

    Owing to the announcement by the French government that it plans on closing all coal-fired power plants in the country by the end of 2021, Uniper has for the last several months submitted its business activities in France to a strategic review. Since the summer break, there have been numerous protests against the French government as well as strikes at company sites, which have adversely affected power production.

    Uniper board member and COO Eckhardt Rümmler: "Despite France’s withdrawal from coal-fired power generation, we have yet to be presented with a binding legal framework or a specific proposal for a structural solution for the industry as a whole. The closure of our coal-fired plants in Lorraine and in Provence, long before the end of their technically feasible lifespans, would shut down half our operations in France at one fell swoop. We are unable to economically compensate for this through our remaining activities in renewables, natural gas and sales. We have been asking for months now that the government meet its responsibilities by offering a path forward for our operations in France and more importantly for our employees at the various sites there - this has so far not been forthcoming, including within the context of the PPE. Given the lack of predictability resulting from this situation, we must therefore continue to review all business options. There is little time remaining for finding a solution through consensus; our employees urgently need to know where things stand within a matter of weeks."

    In addition to Uniper, only the Electricité de France (EdF), the majority state-owned energy producer that operates the bulk of French nuclear power plants, is affected by the early withdrawal from coal-fired power generation in France. In addition, Uniper is one of the last remaining foreign, privately-held competitors in the French energy market. Uniper is involved in the generation of electricity and in sales through its business unit Uniper France. The Company employs some 500 people and has a plant output capacity of nearly 2300 megawatts (MW), 1200 MW of which is generated by coal.

    The two black-coal plants, each of which produces roughly 600 MW, are located in Saint-Avold (Lorraine) and in Gardanne (Provence). Beyond that, Uniper’s portfolio in France also comprises two gas-fired power plants, each generating around 400 MW (at the Saint-Avold location) as well as wind and solar facilities with a combined output of 100 MW. Just this year in Gardanne near Marseille, Uniper brought the 150 MW biomass plant “Provence 4 Biomass“ onto the grid. Uniper supplies electricity and gas products to industrial and commercial customers and provides energy-related services in this segment.

    About Uniper

    Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

    ]]>
    news,2018,france,coalWed, 28 Nov 2018 15:08:35 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-power-plant-894622.png?10000
    Uniper reaffirms outlook for full-year 2018 despite weaker operating performance in the third quarter http://www.emilytully.com/news/uniper-reaffirms-outlook-for-full-year-2018-despite-weaker-operating-performance-in-the-third-quarter/ http://www.emilytully.com/news/uniper-reaffirms-outlook-for-full-year-2018-despite-weaker-operating-performance-in-the-third-quarter/
  • Adjusted EBIT of €386 million (9M 2017: €952 million); decline due primarily to already-communicated portfolio changes and non-recurrence of one-off items from 2017

  • Net loss of €521 million resulted primarily from negative items from the non-cash-effective marking to market of commodity derivatives

  • Adjusted Funds From Operations (Adjusted FFO) of €0.7 billion at prior-year level (9M 2017: €0.7 billion)

  • Outlook (Adjusted EBIT and Adjusted FFO) and planned dividend proposal for 2018 reaffirmed

  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Uniper achieved an Adjusted EBIT of €386 million in the first nine months of 2018. The significant decline of €566 million relative to the prior-year period was largely anticipated by the company and resulted mainly from the already-communicated changes in its portfolio and the non-recurrence of one-off items. These include the absence of earnings streams from the divested stake in Yuzhno-Russkoye gas field and from generating units decommissioned in the prior year as well as the one-off insurance payment for Beryozovskaya 3, which Uniper received in 2017. These three items alone led to a roughly €500 million reduction relative to the prior-year period. In addition, Uniper’s operating earnings continued to be adversely affected by lower achieved prices for generating capacity marketed in prior years and by negative currency-translation effects on the Russian ruble.

    CFO Christopher Delbrück says: "All in all, at the nine-month mark Uniper is on course to achieve its targets for the 2018 financial year. Despite a somewhat weaker-than-anticipated operating performance, we continue to expect our Adjusted EBIT to be between €0.8 and €1.1 billion, although we now anticipate that we’ll be in the lower half of this range. Today we expressly reaffirm our dividend outlook for the current financial year."

    Adjusted EBIT at Uniper’s European Generation segment declined slightly, by €20 million, to €260 million (9M 2017: €280 million). Alongside lower achieved prices for hydro and nuclear capacity hedged in the past, operating earnings were adversely affected by a price-driven increase in provisions for carbon allowances. The closure of generating units in June 2017 (Maasvlakte 1 and 2 and Oskarshamn 1) along with the non-recurrence of one-off items from 2017 also contributed to the earnings decline. By contrast, changes in the operating taxes for nuclear and hydro power plants in Sweden constituted a positive factor. Operating earnings also benefited from income from capacity-market payments in the United Kingdom and France. A reversal of provisions due to a change in the dismantling plans for remediation obligations for hydro plants and infrastructure assets likewise enhanced Adjusted EBIT.

    Nine-month Adjusted EBIT at the Global Commodities segment decreased by €152 million year on year to €126 million (9M 2017: €278 million). The decline resulted primarily from the absence of earnings streams from the stake in Yuzhno-Russkoye gas field in Russia which was sold at the end of 2017. In addition, the increased CO2 price had a negative effect. A weaker operating performance by the gas business and risk provisions created for the pending arbitration proceedings for long-term gas supply contracts were additional adverse factors. By contrast, the unwinding of hedging transactions in the LNG business had a positive impact on Adjusted EBIT in the reporting period.

    The International Power segment’s Adjusted EBIT declined from €537 million in the prior-year period by €333 million to €204 million in the first nine months of 2018. The decrease is largely attributable to the non-recurrence of the insurance payment for Beryozovskaya 3, which Uniper received in May 2017. In addition, operating earnings were adversely affected by negative currency-translation effects on the Russian ruble and lower generation volumes. Higher capacity payments for Surgutskaya power station constituted a positive factor relative to 2017.

    Uniper recorded a nine-month net loss of €521 million in 2018 (9M 2017: net income of €782 million). This was mainly attributable to an adverse effect in the amount of €731 million resulting from the marking to market of commodity derivatives at the balance-sheet date. This was caused by higher power prices, which will not have a positive effect on income until subsequent years. In addition, impairment charges on Datteln 4 (in Q1) and Provence 4 generating unit France (in Q3) had an aggregate adverse impact of €361 million in total.

    Uniper’s operating cash flow totaled €89 million in the first nine months of 2018 (9M 2017: €950 million). The sharp decline is mainly attributable to lower cash-effective EBIT. The active management of working capital is another factor. The company’s objective is to reduce the substantial seasonal fluctuations in cash flow, particularly between the fourth and first quarters. Uniper’s operating cash flow benefited significantly from this approach at the end of 2017, whereas the effect was less pronounced in the nine-month period of 2018. This will be balanced out in the fourth quarter of 2018, and operating cash flow will return to normal.

    Adjusted Funds From Operations (Adjusted FFO) amounted to €722 million in the first nine months of 2018 and were thus at the prior-year level (9M 2017: €727 million).1 A reduction in the utilization of provisions and positive tax effects were among the positive factors.

    Uniper’s nine-month cash-effective investments totaled €387 million, less than in the prior-year period (9M 2017: €512 million). The decline resulted primarily from a reduction in investments in the growth projects Datteln 4 and Beryozovskaya 3 and lower maintenance investments in coal-fired power plants.

    Uniper’s economic net debt stood at €3.8 billion at September 30, 2018. The increase relative to the year-end 2017 balance-sheet date (€2.4 billion) is mainly attributable to the sharp rise in commodity prices and the resulting increase in the collateral Uniper provides to back its trading transactions. The adoption of IFRS 16, which for the first time requires liabilities from leases to be placed on the balance sheet, also had an adverse impact. The dividend payout to Uniper shareholders and the fact that cash-effective investments were not covered by seasonally weak operating cash flow were additional negative factors.

    Uniper continues to expect its Adjusted EBIT for full-year 2018 to be between €0.8 and €1.1 billion. It continues to anticipate that its Adjusted FFO will be between €0.5 and €0.8 billion. Uniper’s planned dividend proposal is unchanged at roughly €310 million for 2018. In addition, Uniper continues to expect an average dividend growth of 25 percent between the 2016 and 2020 financial years.

     
    1Adjusted Funds from operations“ (adjusted FFO) is a key figure used by Uniper since 2017 in part to assess the potential dividend payout to its shareholders and to calculate the Management Board’s variable compensation. 

     

    Uniper’s sales and earnings performance in the first nine months of 2018

    € in millions

    9M 2018

    9M 2017

    +/- %

    Uniper sales

    53,059

     52,938

    +0.2%

    European Generation

    8,882

    5,131

    +73.1%

    Global Commodities

    37,693

    36,916

    2.1%

    International Power

    527

    606

    -13%

    Administration/Consolidation

    -7,977

    -3,935

    >-100%

    Uniper adjusted EBIT1

    601

    930

    -35.4%

    European Generation1

    372

    284

    31.0%

    Global Commodities1

    186

    262

    -29.0%

    International Power1

    142

    477

    -70.2%

    Administration/Consolidation1

        -99

    -93

    -6.5%

    Net income/loss

       -522

    1,057

    >-100%

    Attributable to Uniper SE shareholders

    -546

        967

    >-100%

    Attributable to non-controlling interests

    24

    90

    -73.3%

    Operating cash flow

    465

    1,407

    >-100%

    Adjusted funds from operations

    (Adjusted FFO)2

    589

    678

    -13.1%

    Economic net debt

    -3,294

    -2,4453

    34.7%

    1Adjusted to exclude non-operating effects.

     

    Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

    ]]>
    news,storage,uk,sb,mb,finance,2018,9mTue, 13 Nov 2018 07:30:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-2018-9m-282838.png?69509
    LIQVIS opens permanent public LNG filling station near Berlin http://www.emilytully.com/news/liqvis-opens-permanent-public-lng-filling-station-near-berlin/ http://www.emilytully.com/news/liqvis-opens-permanent-public-lng-filling-station-near-berlin/
  • First of a planned 14 permanent LNG filling stations successfully put into operation
  • LNG refueling available 24/7
  • LIQVIS and Uniper are leaders in the push to transform mobility
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    LIQVIS opened its first permanent public filling station for liquefied natural gas (LNG) today. This marks another step in the development of a network of LNG filling stations aimed at meeting demand and the next phase in the company’s ongoing effort to expand LNG in the heavy vehicle sector. The station is one of the first permanent LNG filling stations in Germany and was built at a strategic junction in Grünheide just outside Berlin. Grünheide has an especially high volume of delivery vehicles and the filling station is able to fulfill demand for LNG due to its excellent accessibility for logistics companies and heavy transport vehicles.

    This is the first filling station that LIQVIS has established through the EU’s "Connecting Europe Facility (CEF) for Transport" program - the Uniper subsidiary received up to 9.6 million euros in funding from Brussels. Additional filling stations are planned for central locations such as Hamburg, Hanover, Kassel, Munich, Kamen, Ulm and Cologne. Meanwhile, in France and Belgium, three new filling stations each are planned for Metz, Calais and Vitrolles as well as in Liege, Antwerp and Brussels that will contribute to the supply of LNG.

    Trucks that run on liquefied natural gas (LNG) are more environmentally sustainable than those that use conventional fuels. They not only emit substantially less carbon dioxide, nitrogen oxides and particulate matter, they are much quieter than comparable vehicles with diesel engines. Moreover, relative to tank size, refrigerated liquefied natural gas contains 600 times more energy than normal natural gas. That means trucks with natural gas engines can also be used in long-haul transport. The technology is now well established and is already widely in use in the logistics sector.

    The Grünheide location will allow two LNG vehicles to fill up with liquefied natural gas simultaneously round the clock, seven days a week. Depending on the tank size, a single refueling only takes between four and eight minutes and can be sufficient for a route of up to 1,600 km. The new station is open to the public and provides easy access to transport companies at a strategic traffic junction.

    Oliver Giese, Senior Vice President for Infrastructure Management at Uniper, says:

    "Particularly in light of the marked increase in road freight haulage, LNG offers a quick and efficient solution for more environmentally sustainable heavy vehicle traffic on the roads. Policy makers at the national level have contributed to the development of the market by providing funding through the Ministry for Transport and Digital Infrastructure for the acquisition of LNG trucks and by allowing for toll exemptions through 2020. Along with uniform approval processes, what is increasingly needed now is the support and encouragement of municipalities and local authorities in developing more sites like the one in Grünheide. In order to accelerate the expansion of the network of LNG filling stations, it will be necessary to take a cooperative approach with all stakeholders involved."

    Silvano Calcagno, Managing Director of LIQVIS, says:

    "Vehicles, drive systems and refueling technology for LNG have achieved the necessary industrial maturity and are already available on the market. By developing a demand-driven network of LNG filling stations in Germany and select neighboring countries, we seek to promote the further expansion of LNG in commercial transport. By improving environmental sustainability and reducing road traffic noise, we are making an important contribution to the energy transition. The toll exemption for trucks that operate on natural gas, which has already been decided, is a big first step in the right direction."

    Those present at today’s opening included Guido Beermann, Undersecretary in the Federal Ministry for Transport and Digital Infrastructure (BMVI), together with numerous guests from the worlds of politics and business.

    About LIQVIS and Uniper

    As a subsidiary of the international energy company Uniper, LIQVIS is building a demand-driven infrastructure for LNG in commercial transport. Since 2017, the company has operated two LNG filling stations in Germany. Uniper is active worldwide with approximately 12,000 employees and operations in Europe, Russia and numerous other markets. The company operates power plants in Europe and Russia with an installed capacity of approximately 37 gigawatts and creates new relations between global energy markets through their commercial activities. Uniper is one of the leading companies in the LNG business and is represented at many stages of the LNG value chain.

    ]]>
    news,2018,liqvis,lng,berlin,gasMon, 05 Nov 2018 09:00:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-liqvis-838345.png?10000
    Uniper concludes successfully early refinancing of its syndicated credit facility http://www.emilytully.com/news/uniper-concludes-successfully-early-refinancing-of-its-syndicated-credit-facility/ http://www.emilytully.com/news/uniper-concludes-successfully-early-refinancing-of-its-syndicated-credit-facility/
  • Newly signed syndicated credit facility in an amount of 1.8bn EUR replaces the existing facility of 2.5bn EUR
  • Consortium of 15 banks participated in the transaction
  • Uniper secures enhanced credit terms and conditions at longer maturity
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Uniper has concluded successfully the early refinancing of its existing syndicated credit facility of 2.5bn EUR established in 2016. The new syndicated credit facility was signed yesterday in an amount of 1.8bn EUR and secured Uniper’s backup liquidity reserve for the next years at attractive conditions and improved credit terms. The facility has a tenor of five years plus two options to extend the maturity by one year each. Furthermore, the facility amount may be increased by 0.5bn EUR at the discretion of the banks until maturity.

    On the back of the lowered facility amount Uniper has slightly downscaled its banking group to 15 banks. The consortium consists mainly of the existing core banking circle and has been selectively strengthened by additional bank partners. Commerzbank and ING were mandated as c o-ordinators.

    CFO Christopher Delbrück says: “I am pleased about the successful early refinancing of our syndicated credit facility which provides enhanced credit terms and conditions and a high flexibility in our financing structure on a long-term basis. The transaction proves the trustful relationship with our core banking group”.

    The final consortium of banks is composed of: BayernLB, BNP Paribas, CITI, Commerzbank Aktiengesellschaft, Deutsche Bank, Goldman Sachs, ING, Lloyds Bank Plc, Mizuho, Morgan Stanley, Santander, SEB, Société Générale, The Bank of Tokyo- Mitsubishi UFJ, UniCredit.

    ]]>
    news,2018,finance,financingThu, 27 Sep 2018 00:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-financials-339209.png?10000
    LIQVIS strengthens LNG as an environmentally friendly fuel alternative in commercial transport http://www.emilytully.com/news/liqvis-strengthens-lng-as-an-environmentally-friendly-fuel-alternative-in-commercial-transport/ http://www.emilytully.com/news/liqvis-strengthens-lng-as-an-environmentally-friendly-fuel-alternative-in-commercial-transport/
  • Commissioning of the first stationary LNG filling station near Berlin is imminent
  • At IAA, Liqvis is presenting plans to further develop an LNG filling station network in Europe
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    The Uniper subsidiary LIQVIS will soon be commissioning a permanent public filling station with liquefied natural gas (LNG) in Freienbrink. The plant is one of the first permanent LNG filling stations in Germany and was built at a strategic traffic junction near Berlin. Freienbrink has a particularly high volume of delivery traffic, which ensures optimum accessibility for logistics companies and commercial transport.

    The exceptional advantage of LNG as an alternative fuel is the environmental compatibility: LNG-powered trucks emit significantly less carbon dioxide and virtually no nitrogen oxides and particulate matter; in addition, they are much quieter than comparable vehicles with diesel engines. The technology is matured and ready to use. Especially against the background of rapidly increasing transport freights, LNG offers the fastest and most efficient solution for more environmentally friendly commercial transport on the road and is also cheaper than diesel.

    As soon as the filling station is opened for commercial operation, two LNG vehicles can refuel liquid natural gas in parallel and around the clock, seven days a week. Depending on the tank size, a single refueling process only takes between four and eight minutes and can be sufficient for a distance of up to 1,600 km.

    With the plant near Berlin, LIQVIS is realizing the first filling station site within the framework of the EU's "Connecting Europe Facility (CEF) for Transport" program - the Uniper subsidiary has received support in the amount of up to 9.6 million euros from Brussels. Further filling stations are planned at central locations such as Hamburg, Hanover, Kassel, Munich, Kamen, Ulm and Cologne. Also in France and Belgium, three new filling stations each in the Metz, Calais, Vitrolles and Liege, Antwerp, Brussels areas will contribute to the supply of LNG for trucks.

    Silvano Calcagno, Managing Director of LIQVIS, says:

    “Vehicles, propulsion and refueling technology for LNG have achieved the necessary industrial maturity and are already available today. But due, in particular, to unattractive political and economic conditions, the market in Germany has hardly developed so far. By building up a demand-oriented LNG filling station network in Germany and select neighboring countries, we want to further promote the expansion of LNG in commercial transport. By improving environmental friendliness and reducing noise in road traffic, we are making an important contribution to the energy transition.”

    LIQVIS will once again be present at the IAA International Motor Show this year, showcasing plans to expand an LNG service station network and advising on ways to use liquefied natural gas (LNG) as an alternative fuel in the transportation and logistics industry in the New Mobility Pavilion P11 at booth C101.

    About LIQVIS and Uniper

    As a subsidiary of the international energy company Uniper, LIQVIS is building a demand-driven infrastructure for LNG in commercial transport. Since 2017, the company has operated two LNG filling stations in Germany. Uniper is active worldwide with approximately 12,000 employees and operations in Europe, Russia and numerous other markets. The company operates power plants in Europe and Russia with an installed capacity of approximately 37 gigawatts and creates new relations between global energy markets through their commercial activities. Uniper is one of the leading companies in the LNG business and is represented at many stages of the LNG value chain.

    ]]>
    news,2018,liqvis,lng,berlin,gasWed, 19 Sep 2018 00:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-liqvis-838345.png?10000
    Uniper and SOCAR join together to increase energy efficiency in Azerbaijan http://www.emilytully.com/news/uniper-and-socar-join-together-to-increase-energy-efficiency-in-azerbaijan/ http://www.emilytully.com/news/uniper-and-socar-join-together-to-increase-energy-efficiency-in-azerbaijan/Uniper SE and SOCAR will collaborate on projects aimed at improving the energy efficiency of oil and gas production in Azerbaijan. The two companies signed an agreement to that effect on Saturday, 25.8., in Baku during German Chancellor Angela Merkel’s trip to Azerbaijan. The German energy provider and the Azerbaijan state oil and gas company have been working in close cooperation for the past five years.

    ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    The principle aim of the new agreement is to enhance efficiency in energy use in production processes and thereby lower greenhouse gas emissions in Azerbaijan. Initial projects have already been identified and are now set to be reviewed in greater detail. The feasibility study shows, thanks to the application of modern technologies, a significant achievement of natural gas savings in the gas grid is possible.

    Back in 2013, Uniper and SOCAR concluded a long-term gas supply contract. Until 2045, up to 1.5 billion m³ of natural gas is slated to flow to Europe each year via the so-called Southern Gas Corridor. These gas deliveries serve to diversify the European and with it the German gas supplies and enhance security of supply and competition.

    In 2016 SOCAR and Uniper formed a joint venture for the development of energy efficiency. The joint venture will gain additional value by modernizing and expanding the electricity and steam generation facilities at the SOCAR chemical complex in Sumgayit Azerikimya. The launch of new facilities is scheduled for early 2020. The German government is assisting the project through a HERMES export credit guarantee. With an investment volume of around 30 million euros, the project draws mainly on German technology.

    Uniper and SOCAR are also bound together by their longstanding partnership. This partnership covers projects in the fields of technology, energy management, management training and corporate social responsibility.

    Christopher Delbrück, Member of the Management Board at Uniper, commented on the contract signing in Baku: “The new project marks another milestone in the partnership between the two companies, set to run over the long term. It will help reduce greenhouse gas emissions in the region and conserve the country’s natural resources. The collaboration between Uniper and SOCAR is of mutual benefit to both sides and offers sound prospects for the future.”

    Rovnag Abdullayev, President of SOCAR: “Strategic cooperation we have with one of the leading German companies UNIPER provided great opportunities for Azerbaijan to realize its natural resources as well as benefit from the modern technologies. Enhancing energy efficiency is of great value both for environment protection and gaining additional value from the natural gas saved in this project. Inking this agreement once again reiterates the high level of economic ties between our two countries, demonstrates the cooperation parties enjoy under the Southern Gas Corridor project as well as highlights the important role Azerbaijan and SOCAR play in European energy security.”

    About Uniper:

    Uniper is an international energy company with around 12,000 employees worldwide. The company operates about 36 Gigawatt of reliable power generating capacity in Europe and Russia, which consists mainly of gas, coal and hydro power plants. With its balanced portfolio and its technical and commercial expertise, Uniper is able to offer attractive and customized products and services at competitive prices. Uniper's trading activities create links between global energy markets. These activities comprise the entire value chain for commodities trading in markets for electricity, emission allowances, natural gas, liquefied natural gas (LNG), coal and freight. Moreover, the company's experience in asset operation and global trading serve as the basis for comprehensive service packages that - in addition to asset management – can also include supplying raw materials and fuels as well as operational management of power plants.

    About SOCAR:

    SOCAR is one of the leading international energy companies. In order to ensure the economic interests of the Azerbaijani people, SOCAR is a major operator and participant in a number of transnational projects across the country and abroad. The company is active in all the oil and gas industry value chains. Exploration of oil and gas fields, production, processing and transportation of oil, gas and gas condensate constitute the main part of the operations of SOCAR. SOCAR also exports natural gas, oil and petrochemical products to the country's market, as well as international markets. The company's goal is to become a vertical integrated international energy company with advanced experience in the field of effective operation, social and environmental responsibility. As an important EU energy supplier, SOCAR plays a special role in the sustainable economic development of Europe.

    ]]>
    news,socar,storage,2018,azerbaijan,joint,mb,partnershipsMon, 27 Aug 2018 00:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-socar-857309.png?10000
    After first half of year Uniper on course to meet 2018 outlook http://www.emilytully.com/news/after-first-half-of-year-uniper-on-course-to-meet-2018-outlook/ http://www.emilytully.com/news/after-first-half-of-year-uniper-on-course-to-meet-2018-outlook/ Adjusted EBIT of €0.6 billion (H1 2017: €0.9 billion); anticipated decline due to portfolio changes and non-recurrence of one-off items

    Net loss of €522 million results primarily from non-cash-effective marking to market of commodity derivatives

    Adjusted funds from operations (adjusted FFO) of €0.6 billion slightly below prior year (H1 2017: €0.7 billion)

    Outlook and dividend proposal for 2018 reaffirmed

    Strategy implementation: conversion to gas will secure future of Scholven power plant

    Fortum CFO Markus Rauramo becomes member of Uniper Supervisory Board

    ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Uniper posted operating earnings (adjusted EBIT) of €601 million in the first half of 2018. The roughly €330 million decline relative to the prior-year period was anticipated by the company and is attributable in part to the already-communicated changes in its portfolio. This includes in particular the absence of earnings streams from the divested stake in Yuzhno-Russkoye gas field and from decommissioned generating units: Maasvlakte 1 and 2 in the Netherlands and Oskarshamn 1 in Sweden. Adjusted EBIT was adversely affected by the non-recurrence of the insurance payment for Berezovskaya 3 power plant in Russia received in the second quarter of the prior year. Adjusted funds from operations (adjusted FFO) of €589 million were only slightly below the prior-year figure.

    CFO Christopher Delbrück says: “Uniper’s first-half operating earnings and cash flows are fully in line with our expectations. This positions us well to achieve our targets for full-year 2018. Today, we therefore reaffirm our outlook for adjusted EBIT of between €0.8 and €1.1 billion for the 2018 financial year as well as our dividend proposal. Over the medium term, the positive developments on international energy and commodity markets will give our business further tailwinds. At the same time, we’re systematically implementing our strategy and delivering reliably on our promises.”

    Operating earnings at Uniper’s European Generation segment benefited from already-known tax reductions on hydro and nuclear power stations in Sweden and increased utilization of hydro capacity. Adjusted EBIT continued to be adversely affected by lower achieved prices for hydro and nuclear power. The positive factors included income from capacity-market payments in the United Kingdom and effects from the reversal of provisions. Earnings at Uniper’s gas business recovered in the second quarter after a comparatively weak start to the year. Factoring out the non-recurrence of the insurance payment for Berezovskaya 3 received in 2017, operating earnings at the International Power segment were largely stable. Although adjusted EBIT was adversely affected by lower output and negative currency-translation effects, it benefited from the upward adjustment of tariff payments for new generating capacity at Surgutskaya power station.

    Uniper recorded a net loss of €522 million for the first half of 2018. This was mainly attributable to the marking to market of commodity derivatives at the balance-sheet date, which is not cash-effective. Uniper uses derivatives, among other purposes, to hedge its long-term power and gas positions against price fluctuations.

    Uniper’s operating cash flow totaled €465 million in the first half of 2018 (H1 2017: €1.4 billion). Adjusted funds from operations (adjusted FFO) amounted to €589 million (H1 2017: €678 million).1 The €89 million decline relative to the prior-year period mainly reflects lower cash-effective EBIT. This was partially offset by a reduction in the utilization of provisions and positive tax effects.

    Uniper’s economic net debt stood at €3.3 billion at June 30, 2018. The increase of €0.8 billion relative to year-end 2017 is attributable to changes in the accounting treatment of liabilities from leases. In addition, due to higher commodity prices Uniper had to provide more collateral to back its trading transactions, which had an adverse impact on liquid funds at the end of the second quarter. Investments and the dividend payout required liquid funds as well.

    Uniper’s outlook for full-year 2018 is unchanged. The company continues to expect its adjusted EBIT to be between €0.8 and €1.1 billion. Uniper intends to propose a dividend of about €310 million for financial year 2018.

    Conversion to gas to secure future of Scholven power plant

    In late July Uniper concluded a long-term extension of its partnership with an industrial enterprise near Scholven power plant in Gelsenkirchen, Germany. To assure Scholven’s future, Uniper plans to completely redesign the asset. The power plant’s existing hard-coal-fired generating units will be supplemented and eventually completely replaced by technologically advanced gas-fired capacity. A combined-heat-and-power unit consisting of two gas turbines and a steam boiler will be installed at the site by the end of 2022 at the latest. The asset will ensure a high degree of supply security and will be tailored entirely to the needs of the industrial customer and Uniper’s district-heat business. The project will build on the existing infrastructure and Uniper’s long-standing partnerships to create new prospects for its power plant in the Ruhr region.

    Fortum CFO Markus Rauramo becomes member of Uniper Supervisory Board

    At the request of the Uniper Management Board, the Düsseldorf district court appointed Markus Rauramo, CFO of Fortum Oyi, as a member of the Uniper Supervisory Board effective July 30, 2018. With the appointment of Markus Rauramo, the Uniper Supervisory Board is once again complete and has equal representation. Markus Rauramo joins the Uniper Supervisory Board as the successor to the E.ON representative, who ended his service on Uniper Supervisory Board after Fortum acquired E.ON’s stake in Uniper.

     

    1Adjusted Funds from operations“ (adjusted FFO) is a key figure used by Uniper since 2017 in part to assess the potential dividend payout to its shareholders and to calculate the Management Board’s variable compensation. 

     

    Uniper’s sales and earnings performance in the first half of 2018

    € in millions

    H1 2018

    H1 2017

    +/- %

    Uniper sales

    35,968

    37,305

    -3.6%

    European Generation

    5,725

    3,718

    54.0%

    Global Commodities

    37,693

    36,916

    2.1%

    International Power

    527

    606

    -13%

    Administration/Consolidation

    -7,977

    -3,935

    >-100%

    Uniper adjusted EBIT1

    601

    930

    -35.4%

    European Generation1

    372

    284

    31.0%

    Global Commodities1

    186

    262

    -29.0%

    International Power1

    142

    477

    -70.2%

    Administration/Consolidation1

        -99

    -93

    -6.5%

    Net income/loss

       -522

    1,057

    >-100%

    Attributable to Uniper SE shareholders

    -546

        967

    >-100%

    Attributable to non-controlling interests

    24

    90

    -73.3%

    Operating cash flow

    465

    1,407

    >-100%

    Adjusted funds from operations

    (Adjusted FFO)2

    589

    678

    -13.1%

    Economic net debt

    -3,294

    -2,4453

    34.7%

    1Adjusted to exclude non-operating effects.
    2Adjusted to exclude mainly items that do not reflect underlying cash flow available for distribution.
    3Figure at year-end 2017.

     

    Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

    ]]>
    news,storage,uk,sb,mb,finance,2018,h1Tue, 07 Aug 2018 00:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-2018-h1-708384.png?12785
    Uniper statement: Fortum completes acquisition of approximately 47.35 percent of Uniper http://www.emilytully.com/news/uniper-statement-fortum-completes-acquisition-of-approximately-4735-percent-of-uniper/ http://www.emilytully.com/news/uniper-statement-fortum-completes-acquisition-of-approximately-4735-percent-of-uniper/Fortum announced today that its public takeover offer to the shareholders of Uniper SE has now been completed. In total, Fortum thus holds approximately 47.35 percent of Uniper shares. 

    ]]>
    This statement may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Uniper CEO Klaus Schäfer told the press:

    "As expected, Uniper now has a new major shareholder in Fortum, whom we welcome among our shareholders. Following the conclusion of the public takeover offer, our aim is to continue the thread of discussion with Fortum and to protect the interests of Uniper, our employees and all shareholders in the best possible way. It is particularly important to me now to lay the foundation for a constructive cooperation between Fortum and Uniper while at the same time to ensure the implementation of the entrepreneurial path we have chosen. My colleagues on the Board of Management and I are convinced that this serves to create long-term value - for both companies.”

    ]]>
    news,2018,fortum,financeThu, 28 Jun 2018 00:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-financials-339209.png?10000
    Uniper presents shareholders with solid performance in 2017 financial year and proposes attractive dividend http://www.emilytully.com/news/uniper-presents-shareholders-with-solid-performance-in-2017-financial-year-and-proposes-attractive-dividend/ http://www.emilytully.com/news/uniper-presents-shareholders-with-solid-performance-in-2017-financial-year-and-proposes-attractive-dividend/ All financial targets for 2017 financial year achieved

    On course to meet 2018 outlook

    Dividend proposal increases from €0.55 for 2016 to €0.74 for 2017

    Corporate strategy systematically refined

    Uniper Supervisory Board recommends rejection of special audit request

    ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    At Uniper SE’s Annual Shareholders Meeting today, CEO Klaus Schäfer presented an operationally and financially solid company. Speaking to shareholders at the Grugahalle in Essen, Germany, Schäfer said that “Uniper is making excellent progress. Our unique portfolio, deep technical and commercial expertise, and outstanding team of employees position us well for tomorrow’s energy world. As we promised last year, we again achieved all our financial targets. We’ll continue to work hard and to maintain our solid course. We’re already adapting to the future by systematically refining Uniper’s successful strategy.”

    Uniper recorded Adjusted EBIT of €1.1 billion in the 2017 financial year, which was within its announced forecast range of €1 to €1.2 billion. Adjusted funds from operations (Adjusted FFO) of €753 million were up significantly. Uniper intends for investors to share in its positive business performance by proposing to the Annual Shareholders Meeting today that the company pay out a dividend of €271 million for the 2017 financial year, which corresponds to €0.74 per share (2016 financial year: €0.55 per share).

    Despite the expected absence of some earnings streams, adverse currency-translation effects, and the late arrival of cold temperatures, after the first quarter all of Uniper’s key figures are in line with its outlook. Uniper posted Adjusted EBIT of €350 million in the first quarter of the 2018 financial year. Adjusted FFO rose by €120 million year on year to €562 million.

    Strategy systematically refined

    Uniper refined its existing successful strategy and clearly identified future growth areas to enable it to benefit from future developments on energy markets. Uniper sees the direct marketing of its power plants as an increasingly attractive growth area for its European Generation segment. Selling electricity and other energy sources such as process steam from certain plants directly to customers and partners will make Uniper less dependent on revenues from fluctuating energy prices. A good example of this is Uniper’s Scholven power station in Gelsenkirchen, which provides a range of energy sources to nearby chemical producers. Between now and year-end 2022, Uniper intends to gradually convert Scholven from predominantly coal-fired generation to technologically advanced gas-fired cogeneration.

    Another key growth area is the strengthening of its midstream gas business, which Uniper intends to further expand regionally and globally. This also includes the company's extensive portfolio of liquefied natural gas (LNG). LNG is playing an increasingly important role in Asia as well as the United States and Europe. Going forward, Uniper will aim not only to provide customers with LNG fuel but also with individually tailored energy solutions for LNG. For example, Uniper signed a declaration of intent in the United Arab Emirates to supply power plants with LNG and to construct a floating storage and regasification unit.

    Growth options for Uniper’s International Power segment include a modernization initiative for older power plants currently being adopted in Russia. Participation in the initiative will be determined by tenders. Capacity payments will provide reliable long-term compensation for the extension of power plants’ operating lives. Uniper is currently reviewing the precise rules for modernization. It expects to make decisions about projects that might participate in the initiative by end of 2018.

    Uniper Supervisory Board recommends rejection of special audit request

    Last week the Supervisory Board of Uniper decided to recommend to Uniper shareholders to vote against the request by Cornwall (Luxembourg) S.à r.l. for a special audit at today’s Annual Shareholders Meeting. The special audit would look into the activities of the Uniper Management Board in conjunction with the ongoing public takeover offer of Finnish energy company Fortum. Its primary focus would be on the approval of the transaction by Russian agencies. Commenting on the Supervisory Board’s recommendation, the Chairman, Dr. Bernhard Reutersberg, said: “In our view, there is no reason to support the request for a special audit. I am very satisfied with the work of our Management Board and have no reason to doubt the integrity of its actions. The Management Board has developed Uniper very successfully.”

     

    Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

    ]]>
    news,2018,supervisoryboard,lng,managementboard,finance,agmWed, 06 Jun 2018 00:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_uniper-agm-2017-171788.jpg?10000
    Supervisory Board recommends rejection of special audit request http://www.emilytully.com/news/supervisory-board-recommends-rejection-of-special-audit-request/ http://www.emilytully.com/news/supervisory-board-recommends-rejection-of-special-audit-request/In its meeting of May 29, 2018, the Supervisory Board of Uniper has decided to recommend to Uniper shareholders that they reject the request by Cornwall (Luxembourg) S.à r.l. for a special audit.

    ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    The Supervisory Board extensively reviewed and legally assessed the allegations against Uniper's Management Board made by the request of the shareholder Cornwall for a special audit: In the view of the Supervisory Board, the Management Board observed all legal and statutory requirements and acted with the diligence of a prudent and conscientious manager exclusively in the interest of Uniper and its shareholders. There are no indications for a breach of duty by the Management Board, in particular with regard to the prohibition of frustrating action according to Sec. 33 WpÜG.

    Commenting on the Supervisory Board's recommendation, the Chairman, Dr. Bernhard Reutersberg, said: "In our view, there is no reason to support the application for a special audit. I am very satisfied with the work of our Management Board and have no reason to doubt the integrity of its actions. The Management Board has very successfully developed Uniper.”

    The exact wording of the statement of the Supervisory Board can be found at https://ir.uniper.energy/websites/uniper/English/6505/annual-general-meeting.html.

    ]]>
    news,2018,supervisoryboard,managementboard,luxembourgWed, 30 May 2018 00:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Methanation plant in Falkenhagen opens http://www.emilytully.com/news/methanation-plant-in-falkenhagen-opens/ http://www.emilytully.com/news/methanation-plant-in-falkenhagen-opens/Important step for a successful energy transition * Successful completion to expansion of existing power-to-gas plant in Falkenhagen, Germany

    * Sector coupling for renewable electricity through conversion to synthetic natural gas begin

    * European research project STORE&GO enters next phase

    * Start of 24 month research operations

    ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    As part of the international STORE&GO research project, opening ceremonies were held today for the methanation plant expansion to the existing power-to-gas facility in Falkenhagen. While the current facility feeds pure hydrogen (so-called “WindGas”) directly into the gas grid, the new methanation plant provides for the generation of “green” methane. In this second stage, hydrogen from regenerative energy sources is converted into methane (CH4), i.e. synthetic natural gas, using CO2 from a bio-ethanol plant. This constitutes an important contribution to the success of the energy transition, because green methane in contrast to green hydrogen can be used in a wider variety of ways. It can be made available to a variety of markets, such as the manufacturing sector, the electricity, and heating market as well as the mobility sector. Moreover, it provides for unrestricted use of the natural gas infrastructure, including for transport and storage. This stored energy is then available as backup whenever there is an insufficient supply of solar and wind power.

    The STORE&GO project brings together 27 partners from six countries to explore the opportunities for integrating power-to-gas applications into the European energy network and, in particular, to encourage the methanation of hydrogen as an important component of the energy transition. The wind-to-gas pilot plant “WindGas Falkenhagen” was constructed in 2013 to store wind energy in the natural gas grid. The cornerstone for the methanation plant was laid in July 2017, and additional essential components were put in place directly alongside the existing facility. All work was completed on schedule. The methanation plant produces up to 57 m³/h of SNG (synthetic natural gas, at normal pressure and temperature), which equates to an output of 600 kWh/h. By comparison: The same amount of energy could heat a 50-m² apartment for a month. Moreover, the heat generated by the process is used by a nearby veneer plant.

    The innovative, commercial scale facility was created in cooperation with the partners thyssenkrupp Industrial Solutions, the research center for the German Association for Gas and Water (DVGW), and the Karlsruhe Institute of Technology and will be in operation for analysis over the next 24 months. Dr. Christian Ehler, member of the European Parliament, is serving as sponsor to the project.

    Dr. Christian Ehler (EPP/CDU), European Parliament member for Brandenburg, comments: “I am very pleased to assume the role of sponsor for this forward-looking and innovative European research project in the energy sector, ‘STORE&GO,’ at the technology hub in Falkenhagen. By connecting to the regional natural gas grid, the power-to-gas project was perfectly suited to sound out the technical and regulatory challenges in building and operating storage facilities. It gives me great pleasure to see how Uniper continues to attach so much importance to the role played by power-to-gas. CO2-neutral gas can make a decisive contribution to achieving Europe’s de-carbonization and energy goals.“

    Eckhardt Rümmler, Uniper board member responsible for innovation, comments: “Without expanding options for long-term storage, the energy revolution will fail. With the launch of the methanation plant, an expansion to our successfully tested power-to-gas facility, we are demonstrating that the technology is ready to produce green gas from renewable forms of energy. This allows us to integrate renewables into the energy system so that they can be utilized in new applications. Now it’s up to policy makers to make adjustments to the legal environment in such a way so that power-to-gas facilities will at last be able to operate profitably at a commercial scale.”

    Professor Thomas Kolb from the Karlsruhe Institute of Technology says: "Power-to-gas technologies and natural gas infrastructure are indispensable elements of the energy supply of the future for Germany and Europe. I am pleased that the new facility utilizes a catalytic honeycomb reactor developed in Karlsruhe to provide for adaptable methanation on a demand basis.”

    Helmut Knauthe, Chief Technology Officer, thyssenkrupp Industrial Solutions AG, comments: "Power-to-gas is one of the key technologies for the energy transition. Today’s opening marks a significant step on the road toward industrial use. In order to further increase cost efficiency, we are focusing on opportunities for methanation at facilities like this. Moreover, going forward we will be able to use industrial emissions for methane recovery.”

    Michael Riechel, President of DVGW, says: “Gas is an ideal partner for the climate-friendly energy system of tomorrow. And power-to-gas technologies will play a key role. They are the central element for coupling together the electric and gas infrastructure, thereby facilitating the integration of renewable forms of energy into cutting edge delivery systems. CO2-free generation and use of gases makes it possible to increase the share of renewable forms of energy in the energy stream. But for power-to-gas to achieve its potential as the “green battery” for the energy transition, regulatory hurdles will have to be eliminated and the facilities given equal access to the marketplace.”

    Attending the official opening ceremonies were Dr. Christian Ehler, MEP, and Eckhardt Rümmler, Chief Operating Officer at Uniper SE, as well as Jochen Homann, President of the Federal Network Agency for Electricity, Gas, Telecommunication, Mail, and Railways, Frank Gröschl, Head of Technology and Innovation Management at the DVGW, Helmut Knauthe, Chief Technology Officer at thyssenkrupp Industrial Solutions, Prof. Dr.-Ing. Thomas Kolb from KIT, Dr. Axel Wietfeld, Managing Director, Uniper Energy Storage, along with guests from the worlds of politics, science, and business.

    Your contacts for further information:

    Uniper SE 
    Dr. Nicole Karczmarzyk 
    +49 211 4579 3652 
    nicole.karczmarzyk@uniper.energy 
    ThyssenKrupp Industrial Solutions AG
    Isabel Reinhardt
    +49 201 844-535472
    isabel.reinhardt2@thyssenkrupp.com

    DVGW 
    Daniel Wosnitzka 
    + 49 30 794736-64 
    wosnitzka@dvgw.de

    KIT
    Monika Landgraf
    +49 721 608-47414
    presse@kit.edu


    About Uniper SE
    Uniper is a leading international energy company with operations in more than 40 countries and some 12,000 employees. It focuses on the safe delivery of energy and related services. Its primary activities include electricity generation in Europe and Russia as well as global energy trading. Uniper operates gas storage facilities in Germany, Austria, and the UK, and plays an important role in the safe and flexible delivery of natural gas. Uniper is one of the first companies to be involved in the field of power-to-gas and operates demonstration facilities in Hamburg, Reitbrook, and Falkenhagen. Uniper is headquartered in Düsseldorf, Germany.
    www.emilytully.com

    About ThyssenKrupp Industrial Solutions
    The Industrial Solutions business area at ThyssenKrupp is a leading partner for engineering, construction, and servicing of industrial plants and systems. Drawing on more than 200 years of experience we supply tailored, turnkey plants and components for customers in the chemical, fertilizer, cement, mining and steel industries. As a system partner to the automotive, aerospace, and naval sectors we develop highly specialized solutions that meet the individual needs of our customers. More than 21,000 employees at over 3 100 locations form a global network with a technology portfolio that guarantees maximum productivity and cost-efficiency.
    www.thyssenkrupp-industrial-solutions.com

    About DVGW, German Association for Gas and Water e.V.
    The Deutscher Verein des Gas- und Wasserfaches e.V. (German Gas and Water Industry Association, DVGW) promotes the gas and water sector, focusing in particular on safety, hygiene, and environmental protection. Together with its more than 13,600 members, the DVGW develops generally recognized technical regulations for gas and water services. The association initiates and supports research projects and provides training across an entire range of topics relating to the gas and water sector. In addition, it operates a testing and certification program for products, personnel as well as businesses. The DVGW's technical rules serve as the basis of technical self-management and accountability for the gas and water industry in Germany. They guarantee the safe supply of gas and water at the highest international standards. The non-profit association was founded in 1859 in Frankfurt am Main. The DVGW is self-funding and non-partisan. Research is organized on a decentralized basis at DVGW. The research institutions of the DVGW, which include the Engler Bunte Institute (DVGW-EBI) at the Karlsruhe Institute of Technology, combine scientific expertise and university partnerships with practical application in the gas and water sector. The DVGW-EBI is the local partner in Falkenhagen and is responsible for overall project coordination.

    About KIT, the Karlsruhe Institute of Technology
    Being „The Research University in the Helmholtz Association“, KIT creates and imparts knowledge for the society and the environment. It is the objective to make significant contributions to the global challenges in the fields of energy, mobility and information. For this, about 9,300 employees cooperate in a broad range of disciplines in natural sciences, engineering sciences, economics, and the humanities and social sciences. KIT prepares its 26,000 students for responsible tasks in society, industry, and science by offering research-based study programs. Innovation efforts at KIT build a bridge between important scientific findings and their application for the benefit of society, economic prosperity, and the preservation of our natural basis of life. www.kit.edu.

    About STORE&GO
    The international STORE&GO project was launched in 2016 as part of Horizon 2020, the European Union's research and innovation program. Research is focused on the production of renewable gases via methanation and storing them on an industrial scale for the purpose of enabling cost-effective operations. In addition to the technological issues involved, economic and legal concerns are also addressed. Research is carried out using three different power-to-gas concepts at three sites in Germany (Falkenhagen, Brandenburg), Italy (Troia, Apulia) and Switzerland (Solothurn). The DVGW, represented by the DVGW research center at the Engler Bunte Institute at the Karlsruhe Institute of Technology (KIT), is the coordinator for STORE&GO. The STORE&GO project is scheduled to run for a period of four years (2016- 2020) with a total budget of approx. 28 million euros, of which approx. 18 million euros will be funded by the EU.
    http://cordis.europa.eu/project/rcn/200559_en.html
    https://www.storeandgo.info

    ]]>
    news,2018,joint,falkenhagen,germany,ptg,gasWed, 09 May 2018 14:26:00 +0200 https://presspage-production-content.s3.amazonaws.com/clients/150_2223.png?40669
    Uniper reaffirms earnings forecast and dividend proposal for 2018 despite moderate winter quarter http://www.emilytully.com/news/uniper-reaffirms-earnings-forecast-and-dividend-proposal-for-2018-despite-moderate-winter-quarter/ http://www.emilytully.com/news/uniper-reaffirms-earnings-forecast-and-dividend-proposal-for-2018-despite-moderate-winter-quarter/
  • Adjusted EBIT of €350 million in Q1 2018 (Q1 2017: €514 million)
  • Adjusted funds from operations (Adjusted FFO) of €562 million above prior year (Q1 2017: €442 million)
  • Commissioning of Datteln 4 expected presumably in summer 2020
  • Forecast 2018 and dividend guidance for 2018-20 reaffirmed
  • Rating target with BBB with stable outlook achieved
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Uniper posted adjusted EBIT of €350 million in the first quarter of the 2018 financial year. The roughly €160 million decline relative to the prior-year quarter had been largely anticipated by the company and is in line with its forecast for full-year 2018. The main factors adversely affecting operating earnings included the absence of earnings streams from the divested stake in Yuzhno-Russkoye gas field and from the decommissioned power plant units Maasvlakte 1 and 2 in the Netherlands and Oskarshamn 1 in Sweden. Uniper also recorded adverse currency-translation effects. The primary adverse factor at the Global Commodities segment was that the earnings in its gas business were weaker relative to a strong prior-year quarter. Alongside the non-recurrence of the remaining positive effects of the Gazprom agreement in 2016, the late arrival of winter temperatures means that some of the positive seasonal factors in Uniper’s gas storage and optimization business will not be reflected in its earnings and cash flow performance until later in the year. Net income attributable to Uniper shareholders totaled €114 million in the first quarter of 2018.

    CFO Christopher Delbrück says: “Despite the absence of some earnings streams, adverse currency-translation effects, and the late arrival of cold temperatures, after the winter quarter all of our key figures are broadly in line with our expectations. This gives us a good starting position from which to achieve our targets for the 2018 financial year. Our earnings forecast and dividend proposal, which we last communicated on March 8, are unchanged.”

    The absence of earnings streams from decommissioned power plant units in the Netherlands and Sweden and lower achieved prices per megawatt-hour of hydro and nuclear power adversely affected operating earnings at Uniper’s European Generation segment. The reason for the latter is that at an earlier date a portion of this capacity had already been hedged against price fluctuations, but at lower price levels. Earnings were also adversely affected by negative price and volume effects at Uniper’s fossil- fueled generation portfolio, which at the beginning of the prior year operated more frequently in response to power-plant outages in France. As anticipated, tax reductions along with higher output at Uniper’s hydro and nuclear plants in Sweden as well as income from capacity-market payments in the United Kingdom and France had a positive impact on adjusted EBIT.

    Earnings at the Global Commodities segment declined primarily because of lower earnings from optimization activities. Whereas earnings in the prior-year quarter still benefited from the successful negotiations in 2016 to adjust the terms of long-term gas procurement contracts, this effect did not recur in the first quarter of 2018. In addition, the late arrival of winter temperatures prevented Uniper from fully monetizing the options of its gas portfolio. When the cold spell began, the company had already hedged its prices and focused on ensuring a reliable gas supply despite very low inventories in gas storage facilities. Uniper anticipates that it will report some of the earnings from its first-quarter optimization activities in the second quarter.

    First-quarter adjusted EBIT at Uniper’s power generation business in Russia almost reached the prior-year level despite a significant decline in the value of the ruble relative to the prior year and lower output.

    The first reliable findings now available from the analysis of the extent and root causes of the damage to the boiler of Datteln 4, a hard-coal-fired power plant currently under construction, indicate the necessity to replace rather than to repair the boiler walls. This will further delay the plant’s planned commissioning, which is now expected to take place presumably in summer 2020.This delay made it necessary for Uniper to record an impairment charge on Datteln 4 power plant of around €270 million.

    Uniper recorded net income of €130 million in the first quarter of 2018 (Q1 2017: €751 million). Net income attributable to Uniper shareholders totaled €114 million (Q1 2017: €733 million).

    Adjusted funds from operations (FFO), which Uniper uses to assess the potential dividend payout to its shareholders, amounted to €562 million in the first quarter of 2018, an increase of €120 million relative to the prior-year period. The positive factors included a reduction in the utilization of provisions and positive tax effects.

    Uniper’s economic net debt stood at €2.6 billion at March 31, 2018. The slight increase of €0.2 billion relative to year-end 2017 is mainly attributable to an increase in financial liabilities and changes in the accounting treatment of liabilities from leases. Adjusted on a pro forma basis to eliminate the effect of applying IFRS 16 from the beginning of 2018, Uniper’s economic net debt declined by about €0.1 billion at March 31, 2018.

    In view of the solid financial situation Uniper has achieved and in anticipation of improved earnings stability and profitability, in late April Standard & Poor’s (S&P) rating agency raised Uniper’s rating from BBB- with a positive outlook to BBB with a stable outlook. S&P believes Uniper’s business risk profile has improved as well. After successfully reducing its debt and optimizing its cash and cost situation, Uniper has therefore now achieved its rating target.

    Uniper’s cash-effective investments of €118 million were below the prior-year figure (Q1 2017: €140 million). €84 million went toward growth investments, primarily toward the major projects Datteln 4 and Berezovskaya 3. Maintenance investments totaled €34 million. Here, the focus was on the company’s fossil-fueled and hydro power plants.

    Uniper’s forecast for full-year 2018 is unchanged. The company continues to expect its adjusted EBIT to be between €0.8 and €1.1 billion. Uniper intends to propose a dividend of about €310 million.

    Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

     

    Overview on Uniper’s performance in the first quarter of 2018

    € in millions

    Q1 2018

    Q1 2017

    +/-

    Uniper sales

    21,025

    22,253

    -5.5%

    European Generation

    2,901

    2,226

    30.3%

    Global Commodities

    21,552

    21,996

    -2.0%

    International Power

    295

    335

    -11.9%

    Administration/Consolidation

    -3,723

    -2,304

    -61.6%

    Uniper Adjusted EBIT1)

    350

    514

    -31.9%

    European Generation1)

    186

    226

    -17.7%

    Global Commodities1)

    134

    230

    -41.7%

    International Power1)

    89

    92

    -3.3%

    Administration/Consolidation1)

    -59

    -34

    -73.5%

    Net income/loss

    130

    751

    -82.7%

    Attributable to Uniper SE shareholders

    114

    733

    84.4%

    Attributable to non-controlling interests

    16

    18

    11.1%

    Operating cash flow

    620

    902

    -31.3%

    Adjusted funds from operations (adjusted FFO) 2)

    562

    442

    27.1%

    Economic net debt

    -2,606

    -2,445

    -6.6%

    1Adjusted to exclude non-operatomg effects.
    2Primarily adjusted for operating cash flows not permanently available for distribution.

     

    ]]>
    news,2018,financeTue, 08 May 2018 00:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Standard & Poor鈥檚 raises Uniper鈥檚 rating to BBB with stable outlook http://www.emilytully.com/news/standard--poors-raises-unipers-rating-to-bbb-with-stable-outlook/ http://www.emilytully.com/news/standard--poors-raises-unipers-rating-to-bbb-with-stable-outlook/• Targeted comfortable investment grade rating has been achieved
    • Rating upgrade reflects improved earnings stability and business risk profile 

    ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Standard & Poor’s Global Ratings (S&P) has raised Uniper’s rating from BBB- with positive outlook to BBB with stable outlook. S&P decided to upgrade the rating on the back of Uniper’s sustained strong financial position as well as S&P’s expectation of improved earnings stability and profitability of the company.

    The rating upgrade with stable outlook reflects S&P’s view of a reduced risk of a negative impact from a possible change in Uniper’s shareholder structure on the company’s credit quality, in particular its independence, strategy and financial policy. S&P has elevated Uniper’s business risk profile which has been positively affected by recent developments of power prices in Germany and the Nordics, achieved cost savings, renegotiations of gas contracts and the successful sale of the Russian gasfield Yuzhno Russkoye in late 2017.

    Uniper CFO Christopher Delbrück said “Uniper has worked hard from the first day of independence to significantly reduce debt and costs. We also implemented the announced divestments swiftly and significantly strengthened our financial ratios. We are pleased that we can now reap the benefits of this hard work and that we have achieved our targeted comfortable investment-grade rating.”

    ]]>
    news,2018,rating,russia,financeFri, 27 Apr 2018 16:47:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Owners of Irsching 4 and 5 gas-fired plants signal closure again http://www.emilytully.com/news/owners-of-irsching-4-and-5-gas-fired-plants-signal-closure-again/ http://www.emilytully.com/news/owners-of-irsching-4-and-5-gas-fired-plants-signal-closure-again/鈼廡he latest technology “Made in Germany” remains sidelined

    鈼廋ontinued lack of suitable parameters hinders economic viability of high-efficiency gas-fired power plants in Germany

    ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    The owners of the state-of-the-art gas-fired power plant Irsching 5, Uniper, N-ERGIE Mainova, and ENTEGA, have notified the Federal Network Agency and the grid operator TenneT for the third time that the unit is slated to be mothballed. The owners see no way to ensure the plant’s commercial viability into early 2019 and are therefore announcing the temporary closure of the plant from May 2019 through the end of September 2020. Alongside this – and for the same reasons – Uniper, the sole owner of the Irsching 4 gas- fired plant, has likewise announced the temporary closure of that unit from May 2019 to the end of September 2020.

    High-efficiency, state-of-the-art gas-fired power plants such as Irsching 4 and 5 are well suited to dampen volatile fluctuations in electricity generated by wind and solar on short notice. That is what makes them ideal partners for renewable forms of energy and significant contributors in achieving climate goals. However, this backup function, which every electricity customer in Germany can rely on, is not being adequately compensated. Instead, the legal environment forces owners to provide this service at prices that do not cover costs. This makes it untenable for the owners and, in their view, unconstitutional.

    Particularly in light of the current debate over coal, it falls to the new administration to finally establish the sort of parameters in the energy market that will allow flexible and high- efficiency gas-fired power plants to continue playing a role alongside renewable forms of energy. Ancillary services, whose importance will continue to grow in the coming years, must be compensated in a manner commensurate with the services they provide.

    Background: 

    Irsching 5 generates 846 megawatts of output and went into operation in 2010. With a 59.7% efficiency rate, it is one of the most modern gas-fired power plants in Europe. It is operated by Uniper Kraftwerke GmbH on behalf of the owner companies. Uniper holds a 50.2% share, N-ERGIE 25.2%, Mainova 15.6%, and ENTEGA 9%. Irsching 4, with 561 megawatts of output, went into operation in 2011 and with a 60.4% rate of efficiency is one of the most efficient gas-fired power plants in the world. The two units are subject to the so-called network reserve provision. This means they are used only when their output is needed to maintain grid stability. This is the case when the grid in southern Germany requires backup owing to temporary shortages.

     

    Your contact for further information: 

    Uniper SE

    Dr. Nicole Karczmarzyk / Leif Erichsen

    +49 211-4579-3652

    +49 2 11-45 79-3570

    nicole.karczmarzyk@uniper.energy

    leif.erichsen@uniper.energy

    ENTEGA AG

    Michael Ortmanns

    +49 6151-701-1160

    Michael.Ortmanns@entega.ag

     

     

    Mainova AG

    Volker Wasgindt

    +49 69 213-25491

    v.wasgindt@mainova.de

    N-ERGIE AG

    Dr. Heidi Willer

    +49 911 802-58063

    Heidi.Willer@n-ergie.de

    ]]>
    news,2018,storage,gas,irsching,jointThu, 26 Apr 2018 00:00:00 +0200 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Uniper achieves earnings targets for 2017 http://www.emilytully.com/news/uniper-achieves-earnings-targets-for-2017-new/ http://www.emilytully.com/news/uniper-achieves-earnings-targets-for-2017-new/Funds from operations improved, balance sheet further strengthened
  • Adjusted EBIT of €1.1 billion in line with outlook range; decline relative to prior year attributable to non-recurrence of substantial one-off items
  • Adjusted funds from operations of €753 million significantly above prior year
  • Economic net debt reduced by more than 40 percent
  • Dividend proposal for 2017 increases to around €271 million (€0.74 per share)
  • Outlook for 2018: Adjusted EBIT expected to be between €0.8 and €1.1 billion
  • Aiming for dividend payout of €310 million for 2018
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Uniper concluded the 2017 financial year with a solid operating performance and balance sheet and fully achieved its targets: Adjusted EBIT of €1.1 billion was well within the announced forecast range of €1.0 to €1.2 billion. Adjusted funds from operations (Adjusted FFO) of €753 million were up significantly, rising by €274 million year on year. Under Uniper’s dividend policy, this results in an increase of the €250 million dividend target communicated in August 2017. Uniper now intends to pay out €271 million to shareholders for the 2017 financial year, which corresponds to €0.74 per share (2016 financial year: €0.55 per share).

    Uniper CEO Klaus Schäfer says: “Despite continued challenging market conditions and a difficult regulatory environment, Uniper posted solid numbers. This demonstrates yet again that our business model is working and that our emphasis on continually improving our cash flow is paying off. Our refined strategy and excellent portfolio of assets and capabilities put Uniper in a very good position to benefit from future developments in the energy markets. We’ll continue to seize these opportunities and create sustainable value – for our shareholders, customers and employees.”

    Uniper’s Adjusted EBIT benefited primarily from the robust performance of its power generation business in Europe and Russia. The positive factors included the non- recurrence of the impairment charge recorded in 2016 on parts of the damaged generating unit Berezovskaya 3 in Russia, along with the related insurance payment, most of which was received in 2017. Earnings also benefited from favorable developments in Russian ruble exchange rates. A reduction in amortization charges following the impairment charges recorded in the prior year was another positive factor. As Uniper anticipated and communicated early on, however, these factors could not fully offset the non-recurrence of substantial positive one-off items recorded in 2016. In particular, the earnings impact of the agreement to adjust the terms of long-term gas procurement contracts as well as the unusually high earnings posted by Uniper’s gas optimization activities did not recur in 2017. Consequently, Adjusted EBIT was about €250 million below the prior-year figure of €1.4 billion.

    Following a net loss of €3.2 billion in the prior year, Uniper’s net income improved significantly in the 2017 financial year. While the company still recorded a net loss of €538 million, this was entirely attributable to non-cash-effective one-off items, primarily in conjunction with the disposal of its stake in gas field Yuzhno-Russkoye in Siberia. At the closing of the transaction, currency-translation losses of €890 million, which had already been recorded in group equity, had to be recorded in the income statement, which had a corresponding adverse, but value-neutral impact on net income.

    Uniper’s operating cash flow of €1.4 billion at the conclusion of the 2017 financial year was again at a good, normalized level. The significant decline of roughly €800 million relative to the prior year was expected after Uniper’s operating cash flow in 2016 had benefited disproportionately from significant one-items. Alongside the company’s solid operating performance, the positive factors in 2017 included the receipt of the insurance payment for Berezovskaya 3. The consistently good development of Uniper’s operating cash flow in 2017 was also the main reason for the significant increase in adjusted funds from operations.

    In 2017 Uniper’s capex again focused on projects relevant to its business. Cash- effective investments totaled €843 million and were thus in line with expectations.

    Very early in 2017, Uniper paved the way toward achieving its debt-reduction target by selling its stake in Yuzhno-Russkoye gas field. Uniper’s economic net debt of €2.4 billion at year-end 2017 was more than 40 percent lower than at year-end 2016 (€4.2 billion).

    Uniper CFO Christopher Delbrück says: “2017 marks another year in which we made good progress in strengthening Uniper’s key financial figures, balance sheet and competitiveness. In addition, the systematic reduction of our debt enabled us, in a very short time, to lay the foundation for a comfortable investment-grade rating. We’ll do everything we can to ensure that the improvement in our key financial figures remains sustainable, including in the case of possible changes in our shareholder structure.”

    As communicated in early December 2017, Uniper expects its 2018 Adjusted EBIT to be between €0.8 and €1.1 billion. In line with its revised strategy, Uniper had also announced a target for medium-term dividend growth. Based on a dividend payout of €200 million for the 2016 financial year, the company plans to increase the dividend by an average of 25 percent per year through the 2020 financial year. Uniper intends to pay out about €310 million to its shareholders for the 2018 financial year.

     

    Uniper is a leading international energy company with operations in more than 40 countries and around 12,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

     

    Uniper’s sales and earnings performance in 2017

    € in millions

    2017

    2016

    +/-

    Uniper sales

    72,238

    67,285

    7.4%

    European Generation

    7,107

    6,835

    4.0%

    Global Commodities

    71,034

    66,465

    6.9%

    International Power

    1,170

    1,063

    10.1%

    Administration/Consolidation

    -7,073

    -7,078

    0.1%

    Uniper Adjusted EBIT1

    1,114

    1,362

    -18.2%

    European Generation1

    337

    126

    >100%

    Global Commodities1

    341

    1,327

    -74.3%

    International Power1

    616

    106

    >100%

    Administration/Consolidation1

    -180

    -197

    8.6%

    Net profit/Net loss

    -538

    -3,234

    >100%

    Attributable to Uniper SE shareholders

    -656

    -3,217

    >100%

    Attributable to non-controlling interests

    118

    -17

    >100%

    1Adjusted to exclude non-operating effects.

     

    ]]>
    news,2018,financeThu, 08 Mar 2018 00:00:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Uniper SE: Supervisory Board extends Keith Martin鈥檚 contract until 2024 http://www.emilytully.com/news/uniper-se-supervisory-board-extends-keith-martins-contract-until-2024/ http://www.emilytully.com/news/uniper-se-supervisory-board-extends-keith-martins-contract-until-2024/The Uniper SE Supervisory Board today extended Keith Martin’s appointment as Chief Commercial Officer (CCO) until February 29, 2024. 

    ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

    ]]>
    Martin joined the Uniper Management Board on March 1, 2016 on a 3-years contract. As CCO, the 49-year-old Brit is the Management Board member responsible for the global commodity trading and sales. He has extensive experience in international energy trading and the global gas business from previous roles at companies that include Shell, Gazprom, and PetroChina.

    About Uniper

    Uniper is a leading international energy company with operations in more than 40 countries and around 13,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

    ]]>
    news,2018,supervisory board,managementboard,tradingWed, 07 Mar 2018 00:00:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Nord Stream 2! For a strong Europe http://www.emilytully.com/news/nord-stream-2-for-a-strong-europe/ http://www.emilytully.com/news/nord-stream-2-for-a-strong-europe/Bylined article by Klaus Sch盲fer (Uniper), Mario Mehren (Wintershall) and Rainer Seele (OMV)Nord Stream 2 is a billion-dollar investment in state-of-the-art European gas infrastructure, in the secure supply of gas to people and industry in Europe. However, the public debate about the Baltic Sea pipeline has recently become bizarre. The facts are hardly taken into consideration any more in the mostly superficial, emotion-driven debates.

    ]]>
    Gas is becoming increasingly important as a location factor for industry

    The European Union is successful as an economic union. But as a political union, the EU has not grown to the same extent. National dynamics and political stalemate are increasingly hindering Europe's continued success. An enormous contribution to value creation and prosperity in Europe is provided by manufacturing industry, which is in global competition with suppliers from Asia and the USA. Many of the industries important to Europe are energy-intensive. They need a reliable and competitive energy supply.

    Natural gas provides the underlying pillar for this and will become even more important in this role, especially if Europe wants to achieve its ambitious climate goals. For this we need not less, but more gas – as a partner for renewables. Today, Europe can still supply a large proportion of its own production with gas. But domestic production is falling faster than originally forecast. At the same time, demand is rising, and this is undisputed among experts. Above all, gas will replace coal and, together with the growth from renewable energies, will enable a climate-friendly and secure energy supply. Rising demand is encountering a decrease in domestic production – that means Europe's import demand for natural gas is growing.

    LNG is changing the global market, but not the European provision

    Since the commissioning of the Nord Stream 1 Baltic Sea pipeline, which supplies natural gas directly from Russia to European markets, the global energy industry has changed. The US has advanced from an energy importer to an exporter of liquefied natural gas (LNG). The LNG market is global and Europe would be an obvious major market for LNG from the USA. We have sufficient terminal capacity and considerable interest in securing more gas for our markets.

    However, US-produced LNG is not interesting for Europe in terms of price because Europe is in very good pipeline distance to major natural gas producers. That is a trump card from which we Europeans benefit every day. Thanks to pipeline gas, we have a comparatively low gas price level. That's good for industry and good for consumers. Europe is efficiently linked to many gas producers such as Norway, Russia and Algeria through pipelines. This pays off not only economically, but also in terms of energy policy – because it means security and reliability.

    Nord Stream 2 diversifies gas purchases and increases competition

    Nord Stream 2 connects Western Europe directly and without any transit risks with the major Russian gas fields. Thanks to the well-developed intra-European gas network, Nord Stream 2 can also safely supply large parts of Central and Eastern Europe with energy. The Baltic Sea pipeline represents an important diversification of existing import routes as well as a supplement to and extension of the existing network. This accords precisely with the aims of the European Energy Union and a strengthened internal gas market in Europe. In short: Nord Stream 2 connects and strengthens Europe. It is a pan-European project in the very best sense.

    Ultimately, the pipeline will provide another reliable route for transporting gas to Europe, nothing more. Many options always mean more competition. And several alternatives always mean more security. This will benefit European gas customers as well as the European economy. In that regard, it should be clear that those who oppose Nord Stream 2 will weaken competition and supply security. Countries such as Ukraine and Poland, as transit monopolists, have no interest in a new and competitive gas infrastructure for Europe. But the European Community needs as many reliable ways for supplying natural gas to Europe as possible. More diversification. More competition.

    Russian gas supplies guarantee supply security for Europe

    As a partner to the major European employers, we energy suppliers have an obligation to ensure supply security and competitive gas prices. Russian gas supplies are an essential component of this, especially as there is no country in the world with more gas reserves. However, this is not about Europe's one-sided dependence on Russia, but about a partnership that has been ensuring very reliable gas supplies in Germany for several decades. Furthermore, the quantities demanded from Europe are increasing each year. And we do not know any gas customers, whether private or industrial, who would rather exchange Russian pipeline gas for more expensive liquid gas from the US. The USA is thrusting its LNG onto the European market with all its might. It's perfectly entitled to do that. And, as already mentioned, competition is good for Europe. However, it cannot be that Europe's energy provision becomes a plaything for American energy, economic, security and geopolitics due to a lack of factual arguments against Nord Stream 2. Irrespective of who ultimately benefits from such an approach, it will certainly hurt Europe if the chasm between West and East continues to widen. Here the EU would be well advised to counteract and resist this.

    The role of the European Commission: implementing applicable law

    The European Commission needs to ask itself why it has not acted in an objective manner in the debate surrounding Nord Stream 2. The legal framework for this project is clear and leaves the European Commission with no room for negotiation – as the European Council's legal service has precisely confirmed. Here, applicable law must be consistently respected, because only this creates investment and thus energy security.

    Nord Stream 2 has now contracted several billion euros' worth of supplies and services on the basis of valid laws. These are private sector investments in Europe's energy security, without any subsidies from the European Union: demand-oriented and market-based. Just as it should be.

    We are therefore investing in an energy supply that will enable Europe to meet its climate protection goals and that, in the final analysis, is good for every EU citizen, whether in the West or East.

    One thing should be noted: projects of this size will no longer be able to find investors in future if the sword of Damocles also hangs over economic projects, if they become instrumentalized in social or political discussions, or if they become their plaything.

     

    Your contact persons for inquiries:

    Uniper SE

    Leif Erichsen

    +49 2 11-45 79-35 72

    leif.erichsen@uniper.energy

    Wintershall GmbH

    Michael Sasse

    +49 56 13 01-33 01

    presse@wintershall.com

    OMV

    Andreas Rinofner

    +43 1 4 04 40-2 14 72

    andreas.rinofner@omv.com

    ]]>
    news,2018,joint,lng,russia,ns2Mon, 26 Feb 2018 00:00:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    Kiel joint-venture power plant to remain on the grid for an additional year http://www.emilytully.com/news/kiel-joint-venture-power-plant-to-remain-on-the-grid-for-an-additional-year/ http://www.emilytully.com/news/kiel-joint-venture-power-plant-to-remain-on-the-grid-for-an-additional-year/
  • Uniper reaches agreement with Stadtwerke Kiel AG on continued operation until the end of March 2019
  • Roughly 80 jobs secured for another year
  • ]]>
    This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

    ]]>
    The joint-venture power plant in Kiel (Gemeinschaftskraftwerk Kiel, GKK) will remain on the grid until March 31, 2019. The agreements necessary to make this happen were signed today by representatives from both partners, Stadtwerke Kiel AG and Uniper Kraftwerke GmbH. The majority of the 97 employees with GKK had previously expressed their approval in principle for keeping the plant operating a year longer. Extending operations requires that modifications be made to individual GKK employment contracts.

    The joint-venture plant was to be shut down on March 31, 2018 and was to be replaced by Stadtwerke Kiel’s new gas-powered co-generation plant. Late last year, however, it was determined that the project would be delayed by several months. The new plant was originally scheduled to begin supplying power and district heating for the 2018/19 heating season. Extending the operation of the GKK plant proved to be the best alternative. The GKK plant is a coal-fired facility with a capacity of 323 megawatts.

    Uniper board member and COO Eckhardt Rümmler welcomed the agreement: “We are pleased that the plant will remain in operation for another year, thereby protecting an estimated 80 jobs for that period. The flexibility demonstrated by the staff at the site is what made this solution possible. The Kiel site is near and dear to us. The teams here possess outstanding technical skills. The high level of availability the plant was able to provide last year is evidence of the great work being done here. We enjoy a long- standing partnership of trust with the public utilities here, and we are glad to be able to help ensure a supply of district heating to the city of Kiel.

    ]]>
    news,2018,kielThu, 22 Feb 2018 00:00:00 +0100 https://presspage-production-content.s3.amazonaws.com/uploads/2223/500_news-icon-uniper-logo-blue-on-lt-blue-490061.png?40669
    香蕉视频-国产精品香蕉视频在线-香蕉视频无限次观看