Financial Information

Financial Data

Key Figures

  31/12/2017 31/12/2016
Financial ratios
Solvability 57% 59%
FFO* Interest Coverage 6.4 5.7
Net Financial Debt/extended RAB* 30% 31%
FFO*/Net Financial Debt 27% 22%
RCF*/Net Financial Debt 18% 14%
Income statement in thousands of €
Operating Revenue 510,528 509,490
EBITDA* 283,171 276,713
EBIT* 129,320 118,615
Net Profit* 70,321 48,484
Balance sheet in thousands of €
Investments for the period in property, plant and equipment 83,354 139,219
Total property, plant and equipment 2,250,689 2,321,123
Equity 713,795 697,352
Net Financial Debt 950,528 992,077
Total consolidated balance sheet 3,290,873 2,989,171
Financial indicators
RAB in millions of €
Transmission 2,257.9 2,302.4
Storage 253.3 259.3
LNG terminalling 328.0 348.3
Property, plant and equipment besides RAB in millions of € 335.6 285.8
Extended RAB in millions of € 3,174.8 3,195.8
WACC before taxes
Transmission 4.31% 4.05%
Storage 3.99% 3.71%
LNG Terminalling 3.65% 3.62%


Financial Calendar

27/03/2019
Annual release:
Annual Results

14/05/2019
Annual General Meeting

25/09/2019
Annual release:
Half-yearly Results


Financial Service

Shareholders may exercise their financial rights at BELFIUS


*Glossary

Consult the glossary for a list of used definitions and calculations

Share Information

Share Price

Euronext

Fluxys Belgium's share is noted on NYSE Euronext. For a real-time share price visit the Euronext website

Annual Summary

Fluxys Belgium share: an annual summary (in €)
2017
IFRS
2016
IFRS
2015
IFRS
2014
IFRS
2013
IFRS
Price Maximum 27.10 29.00 27.80 30.50 37.56
Minimum 24.75 25.41 24.45 26.03 26.50
Closing rate at 31 December 26.04 26.00 26.46 27.09 26.98
Average rate 26.03 27.02 25.92 28.38 31.41
Net profit per share 1.00 0.69 0.87 0.86 0.98
Price/profit ratio at 31 December 26 38 30 32 28
Number of shares 70,263,501 70,263,501 70,263,501 70,263,501 70,263,501
Average daily volume traded 2,195 1,709 2,746 2,352 3,192


Shareholder Structure

Class D

Class D shares are quoted on Euronext Brussels.


Fluxys

Fluxys is a public limited company under Belgian law.


Golden Share

The Belgian state holds a Golden Share in order to secure the Belgian federal state energy policy and is represented by the Finance Minister.

General meetings

Ordinary General Meeting on 8 May 2018


Participation to General Meetings

Information regarding the rights for shareholders to attend to the General Meetings in French or in Dutch

Articles of Association

The Articles of Association of Fluxys Belgium valid since the Extraordinary Annual General Meeting of 2015 in French or in Dutch

General shareholder info

Number of shares and voting rights
Total capital €60,271,698.31
Total number of shares with voting right 70,263,501 shares
Total number of voting rights (denominator) 70,263,501 voting rights
Number of shares with voting right, by Category
Category B 58,523,700 shares
Category D 11,739,800 shares
Golden Share 1 share
Number of voting rights, by Category
Category B 58,523,700 voting rights
Category D 11,739,800 voting rights
Golden Share 1 voting right
Thresholds required under the articles of association
No thresholds are required under the articles of association
Warrants and convertible bonds
No warrants or convertible bonds were issued

Dividend

Fluxys Belgium's net profits in 2017 totalled €44.7 million, compared to €33.7 million in 2016. This increase is essentially due to the same reasons as the changes in the consolidated results, namely the rise in rates for linear bonds (OLOs) which affects the regulated rate of return, just like the increase in the profit from non-regulated activities, including dividend yield. According to Belgian standards, the tax reform has no impact on the profits of the current financial year.

Since 2010 and barring unforeseen events, Fluxys Belgium has strived to distribute 100% of its net profit for the year plus any reserves released in line with the depreciation of the revaluation surplus.

At the Annual General Meeting of 8 May 2018, Fluxys Belgium proposed a gross dividend of €1.23 per share by freeing up €9.9 million of unavailable reserves.

Factoring in a profit of €33.6 million carried forward from the previous financial year and withdrawal from reserves of €51.4 million, the Board of Directors will propose to the Annual General Meeting to allocate profits as follows:

  • €86.4 million as dividend payout
  • €43.3 million as profit to be carried forward

The proposed allocation of profits was accepted on 8 May 2018, the total gross dividend per share for the 2017 financial year amounts to €1.23. This amount will be payable as from 17 May 2018.

Dividend payment

Payment of dividend for financial year 2017 in French or in Dutch

Payment of dividend for financial year 2016 in French or in Dutch

Payment of dividend for financial year 2015 in French or in Dutch

Payment of dividend for financial year 2014 in French or in Dutch

Payment of dividend for financial year 2013 in French or in Dutch

Bond Information

Overview

Amount Issuance Maturity Coupon ISIN
€300 million October 2017 October 2027 1.750% BE0002292614
€50 million October 2017 October 2032 2.375% BE0002293620
€250 million November 2014 November 2029 2.750% BE0002218841
€100 million November 2014 November 2034 3.250% BE0002219856

Transparency

Fluxys Belgium bond issuance 2017

Fluxys Belgium bond issuance 2014

Notifications in accordance with the legislation on transparency

Ordinary notification of 13 December 2017

Fluxys press release relaying the information contained in the notification of 13 December 2017:
Fluxys press release dated on 2 January 2018

Notifications in accordance with the legislation on public take-over bids

Notification of major participation by Publigaz and Fluxys of 31 August 2016

Notification of major participation by Publigaz and Fluxys of 31 August 2015

 

Contact Legal

  • Fluxys BelgiumAvenue des Arts 31, B-1040 Brussels
    +32 2 230 02 39
X

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