Turbulence and change

Eneco is leading the way in the energy transition, following our One Planet Plan to achieve climate-neutrality by 2035: not only for our own activities, but also for the energy that we supply to our customers. We help our customers in their sustainability efforts, we want to produce more sustainable energy, and we strive for balance and optimisation in the energy system. We operate in the Netherlands, Belgium, Germany and the UK.
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Yearreport 2022
Introduction

Turbulent year, solid results

It has been a period of turbulence and change, both for our customers and for ourselves. In this foreword, I reflect in particular on the impact of the energy crisis and the momentum for the energy transition. For this once, we report on an extended financial year, covering the whole of 2022 and the first three months of 2023. On balance, it was a year with solid results
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Overview of the main results

Amounts in million euros

Installed sustainable capacity
(in MW)

15m Mar 2023
2,121
Dec 2021
1,926

Sustainable electricity production (incl PPAs), of total electricity supplied
(in %)

15m 2023
53
Dec 2021
37

CO2 emissions per unit of heat supplied1-
(in kg CO2/GJ)

Dec 2022
25.9
Dec 2021
26.9

CO2 emissions from supplies of electricity1
(in kg CO2/MWh)

Dec 2022
74
Dec 2021
101

Customer contracts
(x 1.000)

15m Mar 2023
5,430
12m Dec 2021
5,617

Customer satisfaction
(as a %)

15m Mar 2023
84.0
Dec 2021
90.2

RIF
(Recordable Injury Frequency)

15m Mar 2023
0.27
Dec 2021
0.34

eNPS
(Employee Net Promotor Score)

15m Mar 2023
55
Dec 2021
58

Diversity
(% women in managerial positions)

15m Mar 2023
30.9
Dec 2021
30.2

Total revenues
(in € mln.)

15m Mar 2023
13,219
12m Mar 2023
10,779
12m Dec 2021
5,211

Gross margin and other revenues
(in € mln.)

15m Mar 2023
2,040
12m Mar 2023
1,627
12m Dec 2021
1,224

Operating profit (EBIT)
(in € mln.)

15m Mar 2023
480
12m Mar 2023
345
12m Dec 2021
222

Operating income before depreciation (EBITDA)
(in € mln.)

15m Mar 2023
969
12m Mar 2023
743
12m Dec 2021
572

Net result
(in € mln.)

15m Mar 2023
380
12m Mar 2023
272
12m Dec 2021
209

Cash flow from operating activities 3
(in € mln.)

15m Mar 2023
1,070
12m Mar 2023
1,045
12m Dec 2021
23

Investments (and acquisitions) in fixed assets
(in € mln.)

15m Mar 2023
642
12m Mar 2023
553
12m Dec 2021
532

Balance sheet total
(in € mln.)

Mar 2023
10,389
Dec 2021
9,878

Group equity
(in € mln.)

Mar 2023
3,329
Dec 2021
2,921

Interest-bearing debt (incl. lease liabilities)
(in € mln.)

Mar 2023
1,011
Dec 2021
1,425

Credit Rating

Mrt 2023
A-
Dec 2021
A-

ROACE (Return on average Capital Employed)4 (in %)

15m Mar 2023
n.a.5
12m Mar 2023
7.2
12m Dec 2021
6.4

Group equity/ total assets (as a %)

Mar 2023
32.0
Dec 2021
29.6

Net debt/ EBITDA

15m Mar 2023
n.a.5
12m Mar 2023
0.77
12m Dec 2021
1.35

ICR (Interest Coverage Ratio) 6

15m Mar 2023
12.3
12m Mar 2023
12.8
12m Dec 2021
8.5
  1. All data under ‘12m Mar 2023’ are pro forma. They have not been audited.
  2. These key figures cover the reporting period from 1 January to 31 December 2022 to reduce estimations in the figures and to enable alignment with mandatory reporting on this matter.
  3. Cash flow reclassified from ‘Cash flow from operating activities’ in 2021 to ‘Cash flow from investing activities’ in the period ended 31 March 2023 to align with income statement.
  4. ROACE for the reporting period is defined as the ratio between (EBIT plus Profit from JVs & Associates less corporate income tax) and the average of (fixed assets plus net working capital less non-current non-interest-bearing debt at the balance sheet dates).
  5. These ratios are only measured and compared on a 12-months period.
  6. The Interest Coverage Ratio is the ratio of the operational result (EBIT) divided by the Financial Expenses.

Energy numbers

Every day, every moment, your energy comes from somewhere. We show here how we achieve that. Energy expressed in the most current figures about our energy sources, production capacity, and actual production.

Themes

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