06 March 2024
Full-year results: Fully charged for change
Highlights
- We've committed substantial investments totaling to €2,397.2 million in the grid, contributing significantly to society's decarbonization efforts. This has led to a regulatory asset base of €12.2 billion, marking a notable increase of 12.4%
- Very high grid reliability of 99.9% and 99.7% in Belgium and Germany respectively, while ensuring operational excellence, quality and efficiency
- Executing its international strategy, Elia Group has made its first strategic investment in the US
- Electricity transmission tariffs and adjusted methodology approved in Belgium and onshore German regulation approved
- The net profit Elia Group share totaled €324.5 million1, leading to a ROE (adj.) of 6.91%, excluding M&A cost the ROE (adj.) would be 7.14%
- Elia Group utilized sustainable funding in the debt market to boost liquidity for future grid expansion
- CAPEX plan of €9.4 billion for Belgium and €20.7 billion for Germany for the period 2024-2028 and the financial outlook for 2024 have been reaffirmed
- A dividend of €1.99 per share will be proposed at General Meeting on 21 May 2024
1 Net profit Elia Group share refers to the net profit attributable to owners of ordinary shares.
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Elia System Operator SA published this content on 06 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2024 05:58:26 UTC.