27 July 2018
Half Year Results 2018 Elia Group: Consolidating our position in 50Hertz while delivering solid operational performance
Grid investments of €234 million in Belgium and €104 million in Germany to ensure reliable supply of electricity and accommodate growing renewable energy flows.
- Very high system reliability (99.998%), benefitting 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)1 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.