Key figures

 

Consolidated results   2014  2013 2012  2011   2010 (1)
(in million €) - Year ended 31 December      
Total revenues and other income 838.9 1,389.5 1,306.6  1,278.4 1,037.5 
EBITDA* 409.6 486.9 455.5 448.9  687.9 
REBITDA* 409.6 486.9 455.5  448.9 409.4
Operating profit (REBIT*) 296.8 345.4 305.4  308.0 281.9 
Operating profit (EBIT*) 296.8 345.4 305.4 308.0 308.0 
Net finance costs (100.6) (108.5) (134.8) (128.6) (123.2)
Income tax expenses (23.8) (61.5) (16.2) (43.3) (34,0)
Profit attributable to the Owners
of the Company
172.6 175.8 155.0 137.5 401.7
Basic earnings per share, incl. non-recurring elements (€) 2.84 2.90 2.57 2.28 7.36
Basic earnings per share, excl. non-recurring elements (€) 2.84 2.90 2.57 2.28 2.26
Dividend per share (€) 1.54 1.54 1.47 1.47 1.4

* EBIT = earnings before interest and taxes - EBITDA = EBIT + depreciation / amortization / impairment and changes in provisions - REBIT = Recurring EBIT - REBITDA = Recurring EBITDA.

(1) The results of 50Hertz Transmission, consolidated at Eurogrid International level for the period from June to December 2010, were included in the consolidated Elia Group IFRS figures as at 31 December 2010 (60% proportionate consolidation). The first five months were booked as shareholders’ equity (opening balance), thereby benefitting Elia shareholders.

Consolidated statement of financial position  31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
(in million €)  
Total assets 5,697.0 6,532.2 6,187.0 5,843.8 5,904.0
Equity, attributable to the Owners of the Company 2,285.1 2,209.1 2,108.5 2,046.9  2,007.2
Net financial debt 2,539.2 2,733.8 2,910.8 2,532.9 2,551.4
Equity per share (€) 37.6 36.5 34.9 33.9 36.8
Number of shares (end of period) 60,738,264 60,568,229 60,555,809 60,355,217 60,355,217

Financial ratios (under IFRS)

Ratios  2014 2013 2012 2011 2010
Pay-out ratio 54.2% 53.1% 57.3% 63.1% 68.4%
Return on equity 7.6% 8.0% 7.35% 6.8% 7.3%
Return on capital employed 5.7% 6.5% 10.29%  6.7%  6.7%
Net debt / Equity 111.1% 123.8% 138% 123.7% 127%
Leverage (Debt / Debt + Equity) 54.3% 58.9% 59.3% 58.8% 59.2%
EBITDA / Financial charges 3.7 4.0 3.1 3.1 4.7
Net debt / EBITDA 6.2 5.6 6.4 5.6 6.2
Margins  2014 2013     2012 2011 2010
EBITDA margin  48.8% 35% 34.9% 35.1% 39.5%
EBIT margin  35.6% 24.9% 23.4% 24.1% 27.2%
Net-profit margin  20.7% 12.7% 11.9%  10.8%  11.1%
Dividend yield on equity  4.1% 4.2% 4.2% 4.3% 4.2%