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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.

Publication of TenneT's annual results 2022

14th of March, 2023

On 14 March 2023, TenneT will publish its financial and other company results for the full reporting year 2022 in its integrated annual report. For more information, (financial) journalists can contact Media Relations at press@tennet.eu. Financial stakeholders (e.g. investors, analysts) are requested to contact TenneT's treasury department at treasury@tennet.eu.

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) 2021 2020 2019 2018
Revenue 6,367 4,450 4,124 4,176
EBIT 801 796 753 806
Profit for the year 493 516 400 443
Investments in tangible fixed assets 3,969 3,412 3,064 2,253
Total assets 31,961 27,300 23,676 21,783
Return on invested capital 4.2% 5.1% 5.1% 5.9%
Net debt 15,584 14,004 10,815 8,712
FFO/net debt 10.5% 11.3% 12.9% 13.7%

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.