Business news for the stock market
50Hertz/Eurogrid publish interim financial statement and for the first time a S&P-Rating
Berlin (pta014/31.07.2018/09:10) -
Eurogrid GmbH informs about the publication of the consolidated interim financial statement 2018. The document is available on www.eurogrid.com. 50Hertz/Eurogrid publish the interim financial statement showing significantly increased results and liquidity compared with HY 2017.
S&P confirms with a BBB+ and stable outlook in its analysis the solid financial structure of the firm.
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 Belgian TSO Elia System Operator NV/SA (Elia), listed on the Belgian stock exchange. Eurogrid owns 100 % of the shares in German electricity transmission system operator 50Hertz Transmission GmbH (50Hertz).
With about 1,000 collaborators, 50Hertz takes care of the operation and the expansion of the transmission network. Furthermore, the company is responsible for the management of the overall electrical system throughout the German Länder of Berlin, Brandenburg, Hamburg, Mecklenburg-Western Pomerania, Saxony, Saxony-Anhalt and Thuringia. As transmission system operator active in the Central European market, 50Hertz is responsible for the secure integration of renewable energies, the development of the European electricity market and for maintaining a high level of security of supply. As a European transmission system operator, 50Hertz is part of the Elia Group and a member of ENTSO-E, the European Network of Transmission System Operators for Electricity.
||+49 30 5150 3201
||XS0551935769 (bond), XS1243251375 (bond), XS1315101011 (bond), XS1315150570 (bond), XS1396285279 (bond)
||free market in Dusseldorf, open market (free market) in Frankfurt, free market in Munich, free market in Stuttgart; open market in Berlin
||Regulated Market in Luxembourg (LSE)