29 July 2020
Elia Group 2020 announces Half-year financial results
Half-year results: Elia Group shows operational continuity in extraordinary times.
Highlights:
- Grid investments of €134.7 million in Belgium and €191.3 million in Germany to ensure the reliability of the energy system and accommodate growing inflows of renewable energy
- Very high system reliability of 99.99%, benefitting 30 million end users in Belgium and Germany
- Elia Transmission and Eurogrid GmbH successfully accessed the debt capital market lowering average cost of debt to the benefit of society
- Adjusted net profit down 3.6% to €148.8 million, although Belgium and Germany both saw solid operational performance to realise the next phase of the energy transition
- Covid-19 is not expected to have a material impact on Elia Group’s results for 2020
- Financial outlook for 2020 confirmed
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
