TenneT Colleague Office Worker with Whiteboard

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.

Financial Strategy
Key Figures
Credit Rating
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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)	2023	2022	2021	2020
Revenue	9,222	9,840	6,367	4,450
EBIT	1,817	1,210	834	910
Profit for the year	1,071	671	493	516
Investments in tangible fixed assets	7,730	4,493	3,969	3,412
Total assets	44,746	40,966	31,961	27,300
Return on invested capital	5.8%	4,9%	4.2%	5.1%
Net debt	20,899	17,551	15,584	14,004
FFO/net debt	11.6%	11.1%	10.5%	11.3%

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

Financial Reports

TenneT publishes annual and half-yearly integrated reports, including financial statements and key figures, that provide insight into our financial and operational performance.