July 29, 2014 5:45 AM ET

Electric Utilities

Company Overview of 50Hertz Transmission GmbH

Company Overview

50Hertz Transmission GmbH engages in the operation, maintenance, planning, and expansion of transmission grids in Germany. It offers grid connection and access, congestion management, energy procurement, grid data, renewable energy, and grid expansion solutions, as well as offshore wind energy transmission services. 50Hertz Transmission GmbH was formerly known as Vattenfall Europe Transmission GmbH and changed its name to 50Hertz Transmission GmbH in January 2010. The company was founded in 2002 and is based in Berlin, Germany. As of May 19, 2010, 50Hertz Transmission GmbH operates as a subsidiary of Elia System Operator SA.

Eichenstraße 3A

Berlin,  12435

Germany

Founded in 2002

Phone:

49 30 5150 0

Fax:

49 30 5150 4477

Key Executives for 50Hertz Transmission GmbH

Chief Executive Officer
Age: 47
Chief Financial Officer
Age: 46
Head of Communications & Public Affairs
Managing Director of 50Hertz Offshore
Managing Director of 50Hertz Offshore
Age: 61
Compensation as of Fiscal Year 2014.

50Hertz Transmission GmbH Key Developments

50Hertz Transmission GmbH Presents at The Germany Conferece, Apr-09-2014 03:55 PM

50Hertz Transmission GmbH Presents at The Germany Conferece, Apr-09-2014 03:55 PM. Venue: Hotel Adlon, Berlin, Germany. Speakers: Udo Giegerich, Chief Financial Officer.

50Hertz Transmission GmbH Reports Earnings Results for the Year Ended December 31, 2013 ; Plans to Set Up New Company During the First Half of 2014

50Hertz Transmission GmbH reported earnings results for the year ended December 31, 2013. For the year, the company's total revenues and other income was EUR 557.6 million against EUR 539.4 million a year ago. EBITDA was EUR 173.1 million against EUR 163.9 million a year ago. Operating profit (EBIT) was EUR 136.1 million against EUR 116.8 million a year ago. Profit attributable to owners of the company was EUR 98.7 million against EUR 65.8 million a year ago. Net financial debt was EUR 105.5 million as on December 31, 2013 against EUR 422.5 million as on December 31, 2012. The increase in revenue is due to higher volumes of investment, which were partially offset by the disappearance of the EEG bonus and lower customer contributions to investment projects. Capital expenditures were EUR 247.7 million. During the first half of 2014, Elia System Operator and 50Hertz will set up a new company to strengthen Elia's position when seeking possible acquisitions and to develop two activities, Consulting & Services and EPC/EPCM projects (Engineering, Procurement & Construction (Management)).

50Hertz Transmission Reports Earnings Results for the Six Months Ended June 30, 2013

50Hertz Transmission reported earnings results for the six months ended June 30, 2013. For the period, the company's total revenue and other income was EUR 258.4 million against EUR 288.1 million a year ago. Operating profit (EBIT) was EUR 62.0 million against EUR 53.8 million a year ago. Profit attributable to owners of the company was EUR 40.8 million against EUR 32.4 million. EBITDA was EUR 83.3 million against EUR 77.7 million a year ago.

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