Elia Group : H1 better than expected thanks to UK interconnector
>Nemo Link key factor in guidance uptick by c. 4% - Elia Group just published its 24H1 results: Revenues in 24H1 were up 1.3% y-o-y to € 1,914m, well below consensus of € 2,178m, and with core revenues (excl. Settlements and Other) in Belgium down 6% to € 610m, in Germany down 17% to € 1,194m, and in Non Regulated up 34% to € 35.4m.EBITDA in 24H1 was up 12% y-o-y to € 678.1m (no consensus), with Belgium up 14% to € 282.5m, Germany up 6.6% to € 376.0m, and No...Elia System Operator develops, operates and maintains very-high-voltage (380 kV, 220 kV and 150 kV) and high-voltage (70 kV, 36 kV and 30 kV) networks, providing its customers with consultancy and engineering services. Whether in Belgium, Germany or elsewhere in Europe or the U.S., Co. ensures that electricity flows reliably from energy producers to distributors and large corporate customers. Co.'s main activities include transmission operator, system operator and market facilitator, developing and maintaining grid infrastructure, connecting electrical installations to grids, providing transparent access to grids, while taking initiatives to improve electricity market operations.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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