24 July 2024
Half-year results: Elia Group on track to deliver crucial grid investments that will propel a sustainable energy transition
Highlights
- Investments have gotten off to a record start, to €1,735.9 million up €914.6 million compared to the first half of last year. Group investments mainly driven by investments in grid expansion, offshore developments, and technological advancements. We remain confident that we will reach our 2024 targets
- The net profit Elia Group share totaled €181.6 million1, a result of strong performance across all segments
- Full year guidance revised upwards, primarily due to an upwards revision in Germany and Nemo Link
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Elia Group, Eurogrid, and ETB made multiple entries into the debt market to strengthen their liquidity for forthcoming grid investments and its inorganic growth
1 Net profit Elia Group share refers to the net profit attributable to owners of ordinary shares.
Yannick Dekoninck
Head of Capital Markets
mobile: +32 (0) 478 90 13 16
office: +32 2 546 70 76
Boulevard de l'Empereur 20 B-1000 Brussels
Stéphanie Luyten
Head of Investor Relations
mobile: +32 (0) 467 05 44 95
office: +32 2 546 74 29
Boulevard de l'Empereur 20 B-1000 Brussels
Maryline Vaeremans
Investor Relations Analyst
mobile: +32 (0) 493 98 48 81
office: +32 2 546 74 29
Boulevard de l'Empereur 20 B-1000 Brussels
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Elia System Operator SA published this content on 24 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 July 2024 05:02:13 UTC.