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

Executive summary

• Revenue decreased by 15.2% to €1,419.5M in 2024, mainly due to lower energy market prices, despite higher volumes sold in electricity and stable gas volumes.

• Net income attributable to the group rose 61.1% to €150.4M, driven by improved margins, positive risk management effects, and lower bad debt costs.

• The group continued its strategic focus on energy transition, customer satisfaction, and digitalization, with significant investments in renewable energy and network modernization.

• The company adopted the status of société à mission, embedding social and environmental objectives into its governance and operations.

Financial highlights

• Consolidated revenue: €1,419.5M (down €254.8M, -15.2% year-over-year).

• Operating income: €191.5M (+62.6% year-over-year).

• Net income (group share): €150.4M (+61.1% year-over-year).

• EBITDA: €259.6M (up from €216.4M in 2023).

• Dividend proposed: €11.00 per share (up from €8.60 in 2023).

• Cash flow from operations: €198.1M (up from €29.2M in 2023).

Outlook and guidance

• Continued investment in network modernization, digitalization, and renewable energy integration.

• Focus on customer experience, new energy offers, and support for energy transition and decarbonization.

• Ongoing development of lithium extraction from geothermal resources and expansion of electric mobility infrastructure.