Brief: Fluxys Belgium FY Consolidated Net Income Up At EUR 83.7 Million

Fluxys Belgium SA

30/03/2023 06:46

March 29 (Reuters) - Fluxys Belgium NV  FLUX.BR :
    * FY INCREASE OF CONSOLIDATED NET INCOME TO EUR 83.7 MILLION
(2021: EUR 75.5 MILLION)
    * PROPOSAL TO ANNUAL GENERAL MEETING ON 9 MAY 2023: GROSS
DIVIDEND
OF EUR 1.40 PER SHARE (2021: EUR 1.38 PER SHARE)
    * GIVEN THE REGULATED NATURE OF ITS BUSINESS, THE FLUXYS
BELGIUM
GROUP'S NET RESULT IS NOT  VERY SENSITIVE TO A DROP IN VOLUMES
OR OTHER TEMPORARY NEGATIVE EFFECTS ON ITS CASH FLOW
    * OUTLOOK 2023: WE DO NOT EXPECT WAR IN UKRAINE AND
RESULTING
MEASURES AND MARKET DEVELOPMENTS TO HAVE A SIGNIFICANT IMPACT ON
THE FLUXYS BELGIUM GROUP'S CONSOLIDATED RESULT IN 2023
    * REDUCED TARIFFS FOR TRANSMISSION SERVICES BY 10% FROM 1
JULY
2022 ONWARDS
    * THE BOARD OF DIRECTORS WILL PROPOSE TO  THE GENERAL
MEETING THAT
98.4 MILLION EUR TO BE ALLOCATED FOR THE DISTRIBUTION OF THE
DIVIDEND
    * TARIFF REDUCTION HAD NO IMPACT ON FLUXYS BELGIUM'S RESULTS
    * THE BOARD OF DIRECTORS WILL PROPOSE TO  THE GENERAL
MEETING THAT
THE RESULT BE ALLOCATED AS FOLLOWS: 93.1 MILLION EUR TO THE
PROFIT TO BE CARRIED FORWARD
    * FY EBITDA EUR 323.17 MILLION
    * FY OPERATING REVENUE EUR 912.56 MILLION

Source text for Eikon:  ID:nGNE6FYJTQ 
Further company coverage:  FLUX.BR 

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