Key figures
“In 2021, Elia Group made huge steps forward as a group. Very positive moves towards internationalisation, digitalisation and the further shaping of our organisation were made. Our large-scale (onshore and offshore) infrastructure projects in both Belgium and Germany are underway, enabling the establishment of an integrated European energy system that includes large amounts of distributed renewable production and cross-border electricity flows.
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) | 31.12.2021 | 31.12.2020 | 31.12.2019 | 31.12.2018 | 31.12.2017(5) | 31.12.2016 |
| Consolidated results | ||||||
| Total revenue and other operating income | 2,859.7 | 2,473.6 | 2,139.0 | 1,931.8 | 867.1 | 868.1 |
| EBITDA(1) | 1,006.9 | 1,005.6 | 930.2 | 750.5 | 455.4 | 425.0 |
| Results from operating activities (EBIT)(2) | 540.1 | 578.8 | 569.7 | 502.6 | 324.6 | 295.0 |
| Net finance costs | (106.6) | (141.5) | (139.6) | (93.2) | (76.5) | (82.9) |
| Income tax | (105.2) | (129.1) | (121.0) | (102.2) | (39.6) | (32.0) |
| Net Profit | 328.3 | 307.9 | 309.1 | 307.1 | 208.5 | 179.9 |
| Non-controlling interest | 33.1 | 38.5 | 35.5 | 25.7 | 0.0 | 0.0 |
| Hybrid securities | 19.2 | 19.3 | 19.3 | 6.2 | 0.0 | 0.0 |
| Profit attributable to owners of ordinary shares | 276.0 | 250.1 | 254.3 | 275.2 | 208.5 | 179.9 |
| (in million EUR) | 31.12.2021 | 31.12.2020 | 31.12.2019 | 31.12.2018 | 31.12.2017 | 31.12.2016 | |
| Consolidated balance | |||||||
| Total assets | 18,144.3 | 15,165.6 | 13,893.4 | 13,754.13 | 6,582.3 | 6,241.5 | |
| Equity attributable to owners of the company | 4,552 |
4,173.2 |
4,022.3 | 3,447.5 | 2,563.3 | 2,511.4 | |
| Equity attributable to ordinary shares | 3,850.7 | 3,471.7 | 3,320.8 | 2,741.3 | 2,563.3 | 2,511.4 | |
| Hybrid securities | 701.4 | 701.4 | 701.4 | 706.2 | 0.0 | 0.0 | |
| Net financial debt | 6,996.3 | 7,465.0 | 5,523.1 | 4,605.6 | 2,689.1 | 2,557.3 | |
| 31.12.2021 | 31.12.2020 | 31.12.2019 | 31.12.2018 | 31.12.2017 | 31.12.2016 | ||
| Other key figures | |||||||
| Regulatory asset base (RAB) (bn EUR)(6) | 10.3 | 9.7 | 9.1 | 9.2 | 7.4 | 7.1 | |
| Dividend per share (EUR) | 1.75 | 1.71 | 1.69 | 1.66 | 1.62 | 1.58 | |
| Return on equity (%) | 6.49% | 6.46% | 6.80% | 8.16% | 8.14% | 7.16% | |
| Return on equity (adj.)(7) | 7.56% | 7.20% | 7.66% | 10.04% | 8.14% | 7.16% | |
| Earnings per share (adj.)(EUR)(8) | 4.02 | 3.64 | 3.91 | 4.52 | 3.42 | 2.95 | |
| Equity per share (EUR) | 56.0 | 50.5 | 48.4 | 44.9 | 42.1 | 41.2 | |
| Numbers of shares (period-end) | 68,722,477 | 68,720,695 | 68,652,938 | 61,015,058 | 60,901,019 | 60,753,714 | |
- EBITDA = EBIT + depreciation/amortisation + changes in provisions
- EBIT = result from operating activities share of profit of equity-accounted investees (net of income tax) vermogensmutatiemethode, na winstbelastingen
- As from 2014, the companies previously consolidated proportionately are now accounted for using the equity method.
- The figures of 2014 have been restated for the recognition of the reimbursement rights in accordance with IAS19
- The Group applies IFRS 15 under the full retrospective method under which comparative figures for financial year 2017 have been restated
- RAB includes 60% of 50Hertz until 2017 and 80% as of 2018
- RoE (adj.) = Net profit attributable to owners ordinary shares / equity attributable to owners of ordinary shares adjusted for the value of the future contracts (hedging reserve)
- EPS (adj.) = Net profit attributable to owners ordinary shares / weighted average number of shares
