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Investor relations

We seek to balance the financial interests of our stakeholders with our obligation to ensure electricity remains affordable and freely available to all.

Solid financial reputation

Our financial strategy is aimed at maintaining a credit rating in the 'A' category or higher and generating an acceptable return on investment in line with our risk profile.  
TenneT’s financial result is developing positively and our outlook is favourable. To keep pace with the rising consumption and the need for more capacity we must invest substantially in upgrading and expanding the high-voltage grid.  

Thanks to our solid financial reputation we enjoy good access to the financial markets to fund the necessary investments in our infrastructure.

Results in the past four years

EUR million based on underlying financial information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

(EUR million based on underlying financial information) 2022 2021 2020 2019
Revenue 9,840 6,367 4,450 4,124
EBIT 1,210 801 796 753
Profit for the year 671 473 516 400
Investments in tangible fixed assets 4,493 3,969 3,412 3,064
Total assets 40,966 31,961 27,300 23,676
Return on invested capital 4,9% 4.2% 5.1% 5.1%
Net debt 20,398 15,584 14,004 10,815
FFO/net debt 9.7% 10.5% 11.3% 12.9%

Credit Rating

Our  financial strategy is aimed at maintaining an ‘A’ credit rating or higher and generating an acceptable return on investment in line with our risk profile.

     
Standard & Poor's A– (stable outlook) A-2
Moody's Investor Service A3 (stable outlook) P-2

Read more on our Credit Rating page

Contacts

Foto Gerard Kits

Gerard Kits

Head of Treasury

Contact

Susan Smit from TenneT CCC

General Contact

General Contact of TenneT Netherlands

Monday to Friday from 8:30 a.m. to 5:00 p.m.