Eurogrid GmbH: 50Hertz/Eurogrid publish financial statement 2019

Berlin (pta021/09.03.2020/11:32 UTC+1) Eurogrid GmbH published today its consolidated annual accounts 2019. During the 50Hertz Transmission GmbH/Eurogrid GmbH annual analyst conference call CFO Marco Nix presented the financial results for 2019.

Key figures (in mEur):

	2019	2018
Revenue	10,686	10,205
Total turnover	1,360	1,365
EBITDA	537	546
Group profit	178	238
Total assets	7,082	7,638
Equity	1,549	1,495

The consolidated financial statement and group management report and the analyst call presentation are available for download on https://www.eurogrid.com

Eurogrid GmbH (Eurogrid) is a company active in the energy industry, having its registered office in Berlin. Eurogrid invests in electricity infrastructure and offers services to its customers in the sector. The company is majority-owned by the Belgian Elia Group, listed on the Belgian stock exchange. Eurogrid owns 100 % of the shares in German electricity transmission system operator 50Hertz Transmission GmbH (50Hertz).

As part of the Elia Group, 50Hertz operates the transmission grid in northern and eastern Germany and is responsible for the secure electricity supply to around 18 million people. The share of fluctuating renewable energies in the 50Hertz grid area is 60 percent, which is a worldwide peak value.

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