innogy’s “newfound modesty”
Frankfurter Allgemeine Zeitung
The “arrogance” of German utility innogy in late 2017 has given way to a “newfound modesty” at the beginning of 2018, Helmut Bünder writes in a commentary for the Frankfurter Allgemeine Zeitung. The company’s announcement of a cost-cutting action across the board in 2018 “demonstrates just how much innogy has unsettled the capital market with its misleading communication and audacious growth strategy”, Bünder says. The spin-off of utility RWE “urgently has to build new trust with investors”, which is why dividend payouts now gain in importance vis-à-vis investment in future capacities, he writes.
See the CLEW dossier Utilities and the energy transition for background.
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