Admie Holding (ADMIE) Q4 2024 earnings summary

Executive summary

• Substantial revenue and profitability growth in 2024, driven by ongoing execution of major investments and expansion of the asset base.

• Investment plan of €6.1bn is progressing, with key projects under development and international interconnections prioritized.

• Commitment to value creation for the economy and shareholders, including the highest allowed dividend payout.

Financial highlights

• Net income reached €75.1m, up from €61.7m in 2023.

• Income rose to €75.7m from €62.3m year-over-year.

• Cash position increased to €21m from €5.4m.

• ROCE improved to 9.72% from 8.72%.

• Dividend payout ratio at 100%, with dividend per share at €0.18.

Outlook and guidance

• Five-year business plan targets continued investment in grid expansion and international interconnections.

• Focus on driving the energy transition and integrating renewables.