Brief: Elia Sees Double-Digit Growth In EPS Over Next Five Years

Elia SA

08/12/2023 06:17

Dec 8 (Reuters) - Elia Group SA  ELI.BR :
    * ELIA GROUP PRESENTS ITS SHORT- AND MEDIUM-TERM FINANCIAL
TARGETS
DURING ITS CAPITAL MARKETS DAY
    * FINANCIAL POLICY IS REITERATED
    * ELIA GROUP REAFFIRMS ITS STRATEGY GUIDED BY THE 3 PILLARS
OF
GROWTH
    * FOR BELGIUM, THROUGHOUT THE REGULATORY PERIOD FROM 2024 TO
2027,
WE ANTICIPATE ACHIEVING AN AVERAGE IFRS RETURN ON EQUITY RANGING
FROM 7% TO 8%
    * THESE ESTIMATES TAKE INTO ACCOUNT THE OUTLINED INVESTMENT
PLAN
AND AN AVERAGE RISK-FREE RATE OF 3.2% OVER THE PERIOD
    * IN GERMANY, LOOKING AT THE ENTIRE REGULATORY PERIOD
SPANNING
FROM 2024 TO 2028, WE ANTICIPATE ACHIEVING AN AVERAGE IFRS
RETURN ON EQUITY RANGING FROM 8% TO 10%
    * FOR 2024, ELIA GROUP ANTICIPATE THAT THE NET PROFIT ELIA’S
SHARE, WILL RANGE BETWEEN €335 MILLION AND €385 MILLION.
    * WE EXPECT THE NET PROFIT ELIA SHARE , TO EXPERIENCE A
COMPOUND
ANNUAL GROWTH RATE OF AROUND 20%
    * OUTLOOK 2024:  NON-REGULATED SEGMENT AND NEMO LINK
EXPECTED TO
REPORT A LOSS TO THE GROUP’S RESULT IN THE RANGE OF -€35 MILLION
TO -€45 MILLION
    * WE ANTICIPATE ACHIEVING A DOUBLE-DIGIT GROWTH IN EARNINGS
PER
SHARE OVER THE NEXT FIVE YEARS.
    * FOR 2024, EXPECTS ADJUSTED RETURN ON EQUITY (ROE
ADJUSTED.3 ) OF
BETWEEN 7% TO 8%

Source text https://tinyurl.com/y2ubsvtp
Further company coverage:  ELI.BR 

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