In This Article:
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Equity Package: EUR2.2 billion announced, including EUR850 million through a private placement and a EUR1.35 billion rights issue.
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Investment Total: EUR4.8 billion invested in 2024, with EUR1.2 billion in Belgium and EUR3.6 billion in Germany.
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Regulatory Asset Base (RAB): Increased by 28% year-over-year to EUR18.5 billion.
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Net Profit: EUR421.3 million attributable to Elia Group shareholders, with an adjusted return on equity of 8.4%.
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Earnings Per Share (EPS): EUR5.73, reflecting strong double-digit growth.
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Revenue: EUR4.1 billion, with a 16% increase in Belgium and a 2% decrease in Germany.
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Adjusted Net Profit: Increased by 24.6% to EUR512.5 million.
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Debt Issuance: EUR9.7 billion in sustainable financing, with EUR5.4 billion raised in debt capital markets.
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Net Debt: Reached EUR13.2 billion by year-end.
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Cost of Debt: Average cost rose to 2.8%, an increase of 70 basis points.
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Dividend: Expected to increase to EUR2.05 per share.
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CapEx Plan: Increased to EUR31.6 billion for 2024-2028, with EUR26.8 billion remaining to be deployed.
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Germany's Net Profit: EUR307.9 million, accounting for approximately 60% of the adjusted net result.
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Belgium's Net Profit: EUR213.8 million, contributing roughly 40% of the adjusted net result.
Release Date: March 07, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Elia Group SA/NV (WBO:ELIA) announced a EUR2.2 billion equity package, including a EUR850 million private placement with high-quality investors, reinforcing confidence in the company's growth potential.
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The company successfully invested EUR4.8 billion in 2024, demonstrating its commitment to the energy transition and infrastructure development.
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Elia Group's regulatory asset base grew by 28% year-over-year, reaching EUR18.5 billion, reflecting substantial infrastructure investments.
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The company achieved a net profit attributable to shareholders of EUR421.3 million, with a strong adjusted return on equity of 8.4%.
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Elia Group secured EUR9.7 billion in sustainable financing, enhancing its liquidity and funding capabilities for future growth.
Negative Points
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The energy transition is becoming increasingly complex due to geopolitical tensions and supply chain pressures, impacting project timelines and costs.
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Rising material costs and inflation have led to significant cost increases, with some equipment prices more than doubling.
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The company faces challenges in the US market, particularly with offshore wind projects, due to political changes and rising project costs.
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Elia Group's nonregulated segment, including Nemo Link, reported a net loss of EUR9.2 million in 2024, impacted by additional funding costs.
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The company postponed the signing of HVDC contracts for the Belgian energy island due to challenging market conditions and cost concerns.