Q2 2024 Elia Group SA Earnings Call Transcript
Key Points
- Elia Group SA/NV (XBRU:ELI) reported a strong financial performance with a net profit increase of 11.8% to EUR181.6 million.
- The company invested a record EUR1.7 billion in the first half of the year, with significant investments in both Belgium and Germany.
- Elia Group SA/NV (XBRU:ELI) has shown strong progress in digitalization and innovation, including a EUR12.5 million investment in a venture capital fund for digital innovation in the energy sector.
- The company has made significant strides in talent management, with an expected increase of 458 new employees by the end of the year.
- Elia Group SA/NV (XBRU:ELI) has secured substantial funding, raising EUR3.2 billion in the debt capital markets and securing new liquidity of EUR4.2 billion across the group.
- The company faced significant challenges due to extreme weather events, including heavy storms in Belgium and Germany, causing extensive material damage and requiring long-term repair efforts.
- There are ongoing concerns about the impact of climate change on critical infrastructure, necessitating continuous adaptation and risk management plans.
- The company is under pressure to deliver its ambitious investment program on time, within budget, and to a high standard of quality.
- Elia Group SA/NV (XBRU:ELI) is facing increased scrutiny from regulators regarding investment costs and the need to justify expenditures.
- The company is dealing with the complexities of international supply chains, which have been affected by global disruptions and require careful management.
Good morning. It's in mid-July. So it's time to have a look at the first six months of the year. This live streamed event will cover Elia Group's half year results. We are honored to have some new analysts joining us for today's events. So welcome to you and I would also like to introduce you to the Group's CEO, Catherine Vandenborre; and the Group's CFO, Marco Nix welcome to the both of you.
What can you expect from us over the next hour or so? We will look back at the Group's most important events and achievements from the past six months. Catherine Vandenborre will delve deeper into earlier Group's growth. The more projects we realize the more people and materials we need. And Catherine will explain how Elia Group is approaching talent management and attention experienced across international supply chains.
Marco Nix will then take us through the financials and the outlook for the rest of the year. And before we can continue, please read through the disclaimer, which is on the screen now. You must take
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