Électricité de Strasbourg Société Anonyme (ELEC) H2 2024 earnings summary

Executive summary

• Revenue declined 15.2% year-over-year to €1,419.5M amid lower energy prices, stable distributed volumes, and increased commercialized volumes.

• Operating income rose 62.6% to €191.5M, and net income attributable to the group increased 61.1% to €150.4M year-over-year.

• The group became an entreprise à mission, reinforcing its societal and environmental commitments, and established a €10M endowment fund with an initial €2M contribution.

Financial highlights

• Operating income increased 62.6% year-over-year to €191.5M.

• Net income attributable to the group rose 61.1% to €150.4M year-over-year.

• Current operating income grew 26% to €200.4M, driven by market risk management in a less volatile environment.

• Current net income reached €157.1M, up 26.7% year-over-year.

• Proposed dividend of €11/share for 2024, payable from June 3, 2025.

Outlook and guidance

• The group continues to focus on energy transition, decarbonization, and innovative services for clients.

• Ongoing development of renewable energy and geothermal lithium projects, with potential lithium production by decade's end.