Eneco’s results and strategy on target

Eneco recorded good results for the first half of 2019. The highlights are:

  • EBITDA rose by 18% from €230 million to 272 million, net profit to €79 million, operating profit (EBIT) rose by more than 10% from €115 million to €126 million;
  • This is attributable mainly to higher sales of energy, good trading results and reduction of costs and gross margin improvement due to restructuring programmes in the Netherlands and Belgium;
  • Employee benefits expenses fell by 9% to €119 million, gross margin and other benefits rose by 5% from €562 million to €592 million;
  • Eneco is a major investor in renewable production assets in the Netherlands;
  • 62 MW increase in operational sources of sustainable production;
  • Innovation in district heating networks;
  • Sale of Eneco is on schedule.

A download of the half-year report can be found at the right side of the screen.