Key figures

Consolidated results 2017 2016 2015 2014 2013 2012 2011 20101
(in million €) - Year ended 31 December
Total revenues and other income  887.5  868.1  851.4

838.9

1,389.5 1,306.6 1,278.4 1,037.5
EBITDA*  475.5  425.0  442.8 409.6 486.9 455.5 448.9 687.9
REBITDA*  475.4  413.0  409.3 409.6 486.9 455.5 448.9 409.4
Operating profit (REBIT*)  344.5  283.0  302.3

296.8

345.4 305.4 308.0 281.9
Operating profit (EBIT*)  344.6  295.0  336.4 296.8 345.4 305.4 308.0 560.4
Net finance costs  (76.5)  (82.9)  (92.8) (100.6) (108.5) (134.8) (128.6) (123.2)
Income tax expenses  (39.1)  (32.0)  (32.9)

(23.8)

(61.5) (16.2) (43.3) (34,0)
Profit attributable to the Owners
of the Company
 229  179.9  210.6

172.6

175.8 155.0 137.5 401.7
Basic earnings per share, incl. non-recurring elements (€)  3.76  2.95  3.47

2.84

2.90 2.57 2.28 7.36
Basic earnings per share, excl. non-recurring elements (€)  3.56  2.76  2.89 2.84 2.90 2.57 2.28 2.26
Dividend per share (€)  1.62  1.58  1.55

1.54

1.54 1.47 1.47 1.4

* EBIT = earnings before interest and taxes - EBITDA = EBIT + depreciation / amortization / impairment and changes in provisions - REBIT = Recurring EBIT - REBITDA = Recurring EBITDA.

1. The results of 50Hertz Transmission, consolidated at Eurogrid International level for the period from June to December 2010, were included in the consolidated Elia Group IFRS figures as at 31 December 2010 (60% proportionate consolidation). The first five months were booked as shareholders’ equity (opening balance), thereby benefitting Elia shareholders.

Consolidated statement of financial position 31.12.2017   31.12.2016  31.12.2015 31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
(in million €)
Total assets  6,596.5  6,241.5  6,444.5 5,697.0 6,532.2 6,187.0 5,843.8 5,904.0
Equity, attributable to the Owners of the Company  2,640.7  2,511.4  2,413.6

2,285.1

2,209.1 2,108.5 2,046.9 2,007.2
Net financial debt  2,689  2,557.3  2,583.4

2,539.2

2,733.8 2,910.8 2,532.9 2,551.4
Equity per share (€)  43.4  41.2  39.7

37.6

36.5 34.9 33.9 36.8
Number of shares (end of period)  60,901,019  60,891,151 60,750,239  60,738,264 60,568,229 60,555,809 60,355,217 60,355,217

Financial ratios (under IFRS)

 

Ratios  2017  2016  2015 2014 2013 2012 2011 2010
Pay-out ratio*  45.6%  57.2%  53.6% 54.2% 53.1% 57.3% 63.1% 68.4%
Return on equity*  8.2%  6.7%  7.3% 7.6% 8.0% 7.4% 6.8% 7.3%
Return on capital employed*  6.5%  5.6%  6.5% 5.7% 6.5% 6.0% 6.7% 6.7%
Net debt / Equity  101.8%  101.8%  107.0% 111.1% 123.8% 138.1% 123.7% 127.1%
Leverage (Debt / Debt + Equity)  52.2%  52.1%  56.6% 54.3% 58.9% 59.3% 58.8% 59.2%
EBITDA / Financial charges  5.8  4.7  4.3 3.7 4.0 3.1 3.1 4.7
Net debt / EBITDA  5.7  6.0  5.8 6.2 5.6 6.4 5.6 6.2

 (*) Based on normalized net result as from 2015

Margins  2017  2016  2015 2014 2013 2012 2011 2010
EBITDA margin  53.6%  49.0%  52.0% 48.8% 35.0% 34.9% 35.1% 39.5%
EBIT margin  38.8%  34.0%  39.5% 35.6% 24.9% 23.4% 24.1% 27.2%
Net-profit margin  25.8%  20.7%  24.7% 20.7% 12.7% 11.9% 10.8% 11.1%
Dividend yield on equity  3.4%  3.8%  3.9% 4.1% 4.2% 4.2% 4.3% 4.2%