Key figures

2018 was another milestone year in our ambitious CAPEX programme to strengthen and extend our Belgian and German grid, both on- and offshore. Major infrastructure projects have been delivered on time and within budget.

We are making the energy transition possible and ensuring that it is progressing at the right pace

Our annual results reflect the excellent performance in our core activities. One of the most significant achievements was the rise in our share of 50Hertz to 80%, giving us full control of the company. The transaction will enable us to strengthen the collaboration between Elia in Belgium and 50Hertz in Germany and underscores our growth ambitions to become a leading Group of transmission system operators in the integrated European energy system. Belgium and Germany are facing specific challenges in achieving the energy transition.

 

 (in million EUR)  31.12.2018 31.12.2017(5) 31.12.2016  31.12.2015 31.12.2014(3,4)
 Consolidated results
 Total revenue and other operating income 1,931.8 867.1 868.1 851.4 836.3
 EBITDA(1)  750.5 455.4 425.0 442.8 402.6
 Results from operating activities (EBIT)(2)  502.6 324.6 295.0 336.4 289.7
 Net finance costs (93.2) (76.5) (82.9) (92.8) (100.6)
 Income tax (102.2) (39.6) (32.0) (32.9) (21.4)
 Normalised net result 307.1 208.5 179.9 210.6 167.9
    Non-controlling interest 25.7 0.0 0.0 0.0 0.0
    Hybrid securities 6.2 0.0 0.0 0.0 0.0
 Profit attibutable to owners of ordinary shares 275.2 208.5 179.9 210.6  167.9

 

 (in million EUR) 31.12.2018 31.12.2017 31.12.2016 31.12.2015 31.12.2014
 Consolidated balance
 Total assets 13,754.13 6,582.3 6,241.5 6.435,6 5.697,0
 Equity attributable to owners of the company 3,447.5 2,563.3 2,511.4 2.413,6 2.285,1
    Equity attributable to ordinary shares 2,741.3 2,563.3 2,511.4 2.413,6 2.285,1
    Hybrid securities 706.2 0.0 0.0 0.0 0.0
Net financial debt 4,605.6 2,689.1 2,557.3 2.583,4 2.539,2

 

  31.12.2018 31.12.2017 31.12.2016 31.12.2015 31.12.2014
 Other key figures 
 Regulatory asset base (RAB) (bn EUR)(6)  9.2 7.4 7.1 6.7 6.1
 Dividend per share (EUR) 1.66 1.62 1.58 1.55 1.54
 Return on equity (%) 8.16% 8.14% 7.16% 8.73% 7.35%
 Return on equity (adj.)(7) 10.04% 8.14% 7.16% 8.73% 7.35%
 Earnings per share (adj.)(EUR)(8) 4.52 3.42 2.95 3.47 2.77
Equity per share (EUR) 44.9 42.1 41.2 39.7 37.6
Numbers of shares (period-end) 61,015,058 60,901,019 60,753,714 60,750,239 60,738,264

 

  1. EBITDA = EBIT + depreciation/amortisation + changes in provisions
  2. EBIT = result from operating acitivities share of profit of equity-accounted investees (net of income tax) vermogensmutatiemethode, na winstbelastingen
  3. As from 2014, the componies previously consolidated proportionately are now accounted for using  the equity method.
  4. The figures of 2014 have been restated for the recognition of the reimbursement rights in accordance with IAS19
  5. The Group  applies IFRS 15 under the full retrospective method under which comparative figures for financial year 2017 have been restated
  6. RAB includes 60% of 50Hertz until 2017 and 80% as of 2018
  7. EPS (adj.) = Net profit attributable to owners ordinary shares / weighted average number of shares
  8. RoE (adj.) = Net profit attributable to owners ordinary shares / equity attributable to owners of ordinary shares

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