Fluxys Belgium - Regulated information

2023 annual results

28 March 2024 6:15 PM - Regulated information: 2023 annual results

• Consolidated net profit was EUR 77.4 million (EUR 83.7 million in 2022): reduction in the fair margin set by the tariff methodology for the LNG terminal 
• Proposed allocation of profit submitted to the Annual General Meeting on 14 May 2024: gross dividend of EUR 1.40 per share (2023: EUR 1.40 per share)
• Supporting security of supply 24/7: maintenance of significant volumes to the Netherlands and Germany, and additional transmission capacity in service
• Hydrogen and CO₂ backbones take shape: preparations underway to offer the first hydrogen and CO₂ transmission capacity in Belgium starting in 2026 
• First steps towards underground hydrogen storage: hydrogen injection test at our underground storage facility in Loenhout
• System operator candidates Fluxys hydrogen and Fluxys c-grid: Two Fluxys Belgium subsidiaries ready to play a role in the future hydrogen and CO₂ economy in Belgium 

• Strong partnerships to make Belgium a multi-molecule hub: conclusion of agreements with German, Dutch and British partners to connect the hydrogen and CO₂ networks
• Using seawater to reduce our CO₂ emissions: commissioning of three additional Open Rack Vaporisers that use heat from seawater to convert LNG to gas

 

In this press release 

Key financial data

Key events 

On deck 24/7 for security of supply 

Additional transmission capacity 

Hydrogen and CO₂ backbones take shape 

First steps towards underground hydrogen storage 

Fluxys hydrogen and Fluxys c-grid candidate network operators 

Strong partners for a solid hub 

Using sea water to reduce our CO₂ emissions 

Fluxys Belgium – 2023 results (according to Belgian standards): proposed allocation of profit 

Financial outlook for 2024 

External audit 

Contact 

About Fluxys Belgium 

Annex 

 

Key financial data  

Income statement	(in thousands of EUR)	31/12/2023	31/12/2022
Operating revenue		592,788	912,559
EBITDA*		285,809	323,167
EBIT*		129,570	147,305
Net profit		77,423	83,728
Balance sheet	(in thousands of EUR)	31/12/2023	31/12/2022
Investments in property, plant and equipment for the period		167,654	105,525
Total property, plant and equipment		1,873,286	1,855,375
Equity		613,413	643,617
Net financial debt*		219,404	493,800
Total consolidated balance sheet		3,358,616	3,406,570

*For definitions and reasons for using these indicators, see the annex.