Half-year results: Elia Group on track to deliver crucial grid investments that will propel a sustainable energy transition

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Algemeen advies 24/07/2024 09:25
Highlights
Investments have gotten off to a record start, to €1,735.9 million up €914.6 million compared to the first half of last year. Group investments mainly driven by investments in grid expansion, offshore developments, and technological advancements. We remain confident that we will reach our 2024 targets
The net profit Elia Group share totaled €181.6 million1, a result of strong performance across all segments
Full year guidance revised upwards, primarily due to an upwards revision in Germany and Nemo Link
Elia Group, Eurogrid, and ETB made multiple entries into the debt market to strengthen their liquidity for forthcoming grid investments and its inorganic growth
1 Net profit Elia Group share refers to the net profit attributable to owners of ordinary shares.

see & read more on
https://www.eliagroup.eu/en/news/press-releases/2024/07/20240724_pressreleaseq2



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