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) | 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 |
Related pages
More about TenneTContacts
Gerard Kits
Head of TreasuryContact
General Contact
General Contact of TenneT NetherlandsMonday to Friday from 8:30 a.m. to 5:00 p.m.