News Archive
2018
  • 27.07.2018

    On Friday 27 July, Elia Group published its half year results 2018

    Highlights:

    • Grid investments of 234€ million in Belgium and €104 million in Germany to ensure reliable supply of electricity and accomodate growing renewable energy flows.
    • Very high system reliability (99.998%), benifitting 30 Million end users in Belgium and Germany.
    • Acquisition of an additional 20% stake in Eurogrid International in April 2018, resulting in full control of Eurogrid and a change in consolidation method.
    • Net Profit (Elia Group share) up 38.6% to €142.2 million as a result of the acquisition of additional shares of Eurogrid, strong operational performance and the release of a legal claim provision in Germany and the realisation of strategic investments in Belgium
    • Outlook slightly more positive for 2018

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  • 28.05.2018

    Elia receives notification from IFM that it intends to sell remaining 20% in Eurogrid, the holding company above German transmission system operator 50Hertz

    The Belgian transmission system operator (TSO) Elia System Operator SA/NV (‘Elia’) has received a notification from IFM Global Infrastructure Fund (‘IFM’) that it intends to sell its remaining 20% share in Eurogrid International (‘Eurogrid’), the holding company of the German TSO 50Hertz Transmission GmbH (‘50Hertz’). As the main shareholder of Eurogrid (80%), Elia now has two months to decide on whether it wants to exercise its pre-emption right. The notification follows an earlier transaction closed on April 26th 2018 when Elia increased its shareholding in Eurogrid from 60 to 80% and took full control of 50Hertz.

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  • 16.05.2018

    Interim Statement: Q1 2018

    Highlights

    • General Meeting of 15 May approves gross dividend of €1.62 per share
    • Elia completes all main construction contracts for the Modular Offshore Grid
    • Permits obtained and construction started on the ALEGrO Project
    • Foundations laid at Kriegers Flak – Combined Grid Solutions
    • Elia acquires an additional 20% stake in 50 Hertz
    • Elia obtains Top Employer Label Financial outlook for 2018 reiterated

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  • 26.04.2018

    Elia completes the acquisition of an additional 20% stake in German transmission system operator 50Hertz

    BRUSSELS/BERLIN 26/04/2018 - Elia System Operator SA/NV (‘Elia’), the Belgian transmission system operator (TSO), announced today that it has completed the acquisition of an additional 20% stake in Eurogrid International SCRL (‘Eurogrid’), the holding company of the German TSO 50Hertz Transmission GmbH (‘50Hertz’). Following this transaction, Elia will own 80% of Eurogrid and fully control 50Hertz.

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  • 23.02.2018

    Elia Group annual results 2017

    HIGHLIGHTS 2017

    • Grid investments of €486 million in Belgium and €461 million in Germany to secure further the uninterrupted supply of electricity and to accommodate increasing renewable energy flows
    • Very high system reliability (99.999%), benefiting 30 million end-users in Belgium and Germany
    • Normalised net profit1 up 28.9% to €216.6 million (Eurogrid up 58.2%, Elia up 8.8%), driven by the containment of operating costs in particular in Germany and, in Belgium, the full realisation of the strategic investment Programme
    • Dividend of €1.62 to be proposed at the General Meeting on 15 May 2018

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