29 July 2020

Elia Group 2020 announces Half-year financial results

Half-year results: Elia Group shows operational continuity in extraordinary times.

Highlights:

  • Grid investments of €134.7 million in Belgium and €191.3 million in Germany to ensure the reliability of the energy system and accommodate growing inflows of renewable energy
  • Very high system reliability of 99.99%, benefitting 30 million end users in Belgium and Germany
  • Elia Transmission and Eurogrid GmbH successfully accessed the debt capital market lowering average cost of debt to the benefit of society
  • Adjusted net profit down 3.6% to €148.8 million, although Belgium and Germany both saw solid operational performance to realise the next phase of the energy transition
  • Covid-19 is not expected to have a material impact on Elia Group’s results for 2020
  • Financial outlook for 2020 confirmed

Yannick Dekoninck
Investor Relations Officer
Boulevard de l'Empereur 20 B-1000 Brussels
Stéphanie Luyten
Investor Relations
Boulevard de l'Empereur 20 B-1000 Brussels
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