Table of Contents 2
Table OF FIGURES 3
TABLES 4
Executive Summary 5
Industry analysis 5
Industry definition 5
Research highlights 5
Market Value 6
Market Share 7
Market Segmentation 8
Five Forces Analysis 9
Summary 9
Buyer power 10
Supplier power 11
New entrants 12
Substitutes 13
Rivalry 14
Top 10 Companies Landscape 15
Top 10 Companies Landscape 15
E.ON AG 17
GDF Suez SA 17
Electricite de France (EDF) 17
Enel SpA 17
RWE AG 17
Veolia Environnement 17
The Tokyo Electric Power Company, Incorporated 18
Centrica plc 18
Iberdrola SA 18
Scottish and Southern Energy plc 18
Revenue analysis 19
Financial performance analysis 21
Operating profit analysis 22
Net profit analysis 23
Ratio analysis 24
Current ratio 24
Return on assets (ROA) 24
Debt/equity ratio (D/E ratio) 24
Inventory turnover ratio 25
Company Reports 26
E.ON AG 26
Company overview 26
Business description 26
SWOT analysis 30
Strengths 30
Weaknesses 31
Opportunities 32
Threats 34
Recent developments 36
GDF Suez SA 38
Company overview 38
Business description 38
SWOT analysis 42
Strengths 42
Weaknesses 43
Opportunities 44
Threats 45
Recent developments 47
Electricite de France (EDF) 50
Company overview 50
Business description 50
SWOT analysis 51
Strengths 51
Weaknesses 53
Opportunities 53
Threats 55
Recent developments 56
Enel SpA 59
Company overview 59
Business description 59
SWOT analysis 63
Strengths 63
Weaknesses 64
Opportunities 64
Threats 66
Recent developments 67
RWE AG 71
Company overview 71
Business description 71
SWOT analysis 74
Strengths 74
Weaknesses 75
Opportunities 76
Threats 78
Recent developments 79
Veolia Environnement 83
Company overview 83
Business description 83
SWOT analysis 86
Strengths 86
Weaknesses 88
Opportunities 89
Threats 91
Recent developments 92
The Tokyo Electric Power Company, Incorporated 95
Company overview 95
Business description 95
SWOT analysis 96
Strengths 96
Weaknesses 97
Opportunities 97
Threats 98
Recent developments 99
Centrica plc 100
Company overview 100
Business description 100
SWOT analysis 102
Strengths 102
Weaknesses 103
Opportunities 103
Threats 105
Recent developments 106
Iberdrola SA 109
Company Overview 109
Business description 109
SWOT analysis 112
Strengths 112
Weaknesses 113
Opportunities 113
Threats 116
Recent developments 117
Scottish and Southern Energy plc 120
Company overview 120
Business description 120
SWOT analysis 122
Strengths 122
Weaknesses 123
Opportunities 123
Threats 125
Recent developments 126
Financial Analysis 128
E.ON AG 128
GDF Suez SA 132
Electricite de France (EDF) 135
Enel SpA 138
RWE AG 141
Veolia Environnement 144
The Tokyo Electric Power Company, Incorporated 147
Centrica plc 149
Iberdrola SA 153
Scottish and Southern Energy plc 156
APPENDIX 159
List of Tables
Table 1: Global multi-utilities sector value, $ billion, 2004-08 6
Table 2: Global multi-utilities sector share-% share, by value, 2008 7
Table 3: Global multi-utilities sector segmentation-% share, by value, 2008 8
Table 4: Turnover of global top 10 multi-utility companies, $ million, FY2008 15
Table 5: Revenue growth of global top 10 multi-utility companies, 2006-08 19
Table 6: Key financials of global top multi-utility companies, FY2008 21
Table 7: Key industry-specific ratios, FY2008 24
Table 8: E.ON AG-Financial and operational highlights, 2004-08 ($ million) 128
Table 9: E.ON AG-Key industry-specific ratios, 2004-08 130
Table 10: GDF Suez SA-Financial and operational highlights, 2004-08 ($ million) 132
Table 11: GDF Suez SA-Key industry-specific ratios, 2004-08 134
Table 12: Electricite de France (EDF)-Financial and operational highlights, 2004-08 ($ million) 135
Table 13: Electricite de France (EDF)-Key industry-specific ratios, 2004-08 137
Table 14: Enel SpA-Financial and operational highlights, 2004-08 ($ million) 138
Table 15: Enel SpA-Key industry-specific ratios, 2004-08 140
Table 16: RWE AG-Financial and operational highlights, 2004-08 ($ million) 141
Table 17: RWE AG-Key industry-specific ratios, 2004-08 142
Table 18: Veolia Environnement-Financial and operational highlights, 2004-08 ($ million) 144
Table 19: Veolia Environnement-Key industry-specific ratios, 2004-08 146
Table 20: The Tokyo Electric Power Company, Inc-Financial and operational highlights, 2004-08 ($ million) 147
Table 21: The Tokyo Electric Power Company, Inc-Key industry-specific ratios, 2004-08 148
Table 22: Centrica plc-Financial and operational highlights, 2004-08 ($ million) 149
Table 23: Centrica plc-Key industry-specific ratios, 2004-08 151
Table 24: Iberdrola SA-Financial and operational highlights, 2004-08 ($ million) 153
Table 25: Iberdrola SA-Key industry-specific ratios, 2004-08 155
Table 26: Scottish and Southern Energy plc-Financial and operational highlights, 2004-08 ($ million) 156
Table 27: Scottish and Southern Energy plc-Key industry-specific ratios, 2004-08 157
List of Figures
Figure 1: Global multi-utilities sector value, $ billion, 2004-08 6
Figure 2: Global multi-utilities sector share-% share, by value, 2008 7
Figure 3: Global multi-utilities sector segmentation-% share, by value, 2008 8
Figure 4: Forces driving competition in the global multi-utilities sector 9
Figure 5: Drivers of buyer power in the global multi-utilities sector 10
Figure 6: Drivers of supplier power in the global multi-utilities sector 11
Figure 7: Factors influencing the likelihood of new entrants in the global multi-utilities sector 12
Figure 8: Factors influencing the threat of substitutes in the global multi-utilities sector 13
Figure 9: Drivers of degree of rivalry in the global multi-utilities sector 14
Figure 10: Turnover of global top 10 multi-utility companies, $ million, FY2008 16
Figure 11: Revenue growth of global top 10 multi-utility companies , 2006-08 20
Figure 12: Operating profit analysis, FY2008 22
Figure 13: Net profit analysis, FY2008 23
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