Financial Information
- Geert Hermans
Financial Data
Key Figures
| 31/12/2018 | 31/12/2017 | |
| Financial ratios | ||
| Solvency | 56% | 57% |
| FFO* Interest Coverage | 7.1 | 6.4 |
| Net Financial Debt/extended RAB* | 28% | 30% |
| FFO*/Net Financial Debt | 28% | 27% |
| RCF*/Net Financial Debt | 18% | 18% |
| Income statement in thousands of € | ||
| Operating Revenue | 503,246 | 510,528 |
| EBITDA* | 278,382 | 283,171 |
| EBIT* | 120,601 | 129,320 |
| Net Profit* | 54,469 | 70,321 |
| Balance sheet in thousands of € | ||
| Investments for the period in property, plant and equipment | 78,139 | 83,354 |
| Total property, plant and equipment | 2,181,771 | 2,250,659 |
| Equity | 687,156 | 713,795 |
| Net Financial Debt | 881,932 | 950,528 |
| Total consolidated balance sheet | 2,914,902 | 3,290,873 |
| Financial indicators | ||
| RAB in millions of € | ||
| Transmission | 2,194.2 | 2,257.9 |
| Storage | 246.1 | 253.3 |
| LNG terminalling | 324.6 | 328.0 |
| Property, plant and equipment besides RAB in millions of € | 376.6 | 335.6 |
| Extended RAB in millions of € | 3,141.5 | 3,174.8 |
| WACC before taxes | ||
| Transmission | 4.04% | 4.31% |
| Storage | 3.71% | 3.99% |
| LNG Terminalling | 3.40% | 3.65% |
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
Publications
Download the financial publications issued by Fluxys Belgium
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 €) | |||||||
| 2018 IFRS |
2017 IFRS |
2016 IFRS |
2015 IFRS |
2014 IFRS |
|||
| Price | Maximum | 28.00 | 27.10 | 29.00 | 27.80 | 30.50 | |
| Minimum | 24.00 | 24.75 | 25.41 | 24.45 | 26.03 | ||
| Closing rate at 31 December | 24.50 | 26.04 | 26.00 | 26.46 | 27.09 | ||
| Average rate | 26.31 | 26.03 | 27.02 | 25.92 | 28.38 | ||
| Net profit per share | 0.78 | 1.00 | 0.69 | 0.87 | 0.86 | ||
| Price/profit ratio at 31 December | 31 | 26 | 38 | 30 | 32 | ||
| Number of shares | 70,263,501 | 70,263,501 | 70,263,501 | 70,263,501 | 70,263,501 | ||
| Average daily volume traded | 2,204 | 2,195 | 1,709 | 2,746 | 2,352 | ||
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
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 totalled €47.6 million, up from €44.7 million in 2017. This increase on the previous financial year is due to the same reasons as the changes in the consolidated results, namely the rise in interest rates for linear bonds (OLOs), which affects the regulated rate of return, efficiency gains, dividend income, and lower profits from non-regulated activities.
Since 2010, barring unforeseen events, Fluxys Belgium has striven towards distributing 100% of its annual net profits plus the share of reserves freed up as and when the revaluation surplus is depreciated.
At its General Meeting on 14 May 2019, Fluxys Belgium will propose paying out a gross dividend of €1.26 per share by releasing €9.9 million from unavailable reserves.
Taking into account a profit of €43.3 million carried over from the previous financial year and a withdrawal of €50.6 million from the reserves, the Board of Directors will propose to the General Meeting that the profits be allocated as follows:
- €88.5 million as a dividend payout, and
- €53.0 million as profit to be carried forward.
If that profit allocation proposal is adopted, the total gross dividend for the 2018 financial year will total €1.26 per share. This amount will be payable from 23 May 2019 onwards.
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
- Fluxys BelgiumAvenue des Arts 31, B-1040 Brussels+32 2 230 02 39