Energy revolution well under way

Eneco first predicted the revolution in 2006. From fossil fuels to sustainable energy, from centralised and large-scale generation of energy to local production in collaboration with citizens and customers. We are now in the middle of this revolution. We do not follow, we take the lead. The energy sector is becoming less and less distinct as companies, citizens, city districts, towns and villages take matters into their own hands. And we stimulate this process. Our role is to help everybody who wishes to arrange their own energy supply by providing advice, products and services.

In this changing situation, Eneco adheres to its basic principles: our mission Sustainable Energy for Everyone, our vision, Sustainable, Decentralised, Together and our focus on customers. The central questions that we ask ourselves are: what type of company do we want to be from the point of view of our customers and how do we fulfil their needs as well as possible?

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Key figures

Total revenues

(in € 1 mln.)

Revenues from energy and energy-related

(in € 1 mln.)

Operating income before depreciation (EBITDA)

(in € 1 mln.)

(amounts in millions of euros)

2014

2013

2012

2011

2010

Results

Total revenues

4,590

5,251

5,256

5,007

4,922

Revenues from energy and energy-related

4,343

5,026

5,082

4,839

4,722

Gross margin

1,577

1,749

1,620

1,442

1,294

Operating income before depreciation (EBITDA)

708

877

776

711

576

Operating profit (EBIT)

363

395

335

388

274

Net profit

206

242

233

204

141

Cash flow from operating activities

830

792

727

1,117

670

Capital

Equity

5,188

4,593

4,447

4,353

3,890

Interest-bearing debt

1,900

1,893

1,800

1,859

1,947

Balance sheet total

10,151

9,185

8,804

8,645

7,577

Investments in property, plant and equipment

839

846

710

734

730

Ratios

Equity/total assets

51.1%

50.0%

50.5%

50.4%

51.3%

Interest coverage rate

7.1

9.3

8.8

8.8

6.2

Our performance in 2014

Sustainable investments continued at same high level

Eneco is continuing to make the energy supply more sustainable. To this end, we continue to make large-scale investments in sustainable energy production facilities and in a reliable, modern grid. In 2014 we invested €842 million in property, plant and equipment and intangible assets, the same high level as in 2013 (€854 million).

More on financial results

Operating expenses decreased due to continued focus on cost control

Eneco Group recorded revenue of €4,590 million and a net profit of €206 million for 2014, representing falls of 13% and 15% respectively compared with 2013 when revenue was €5,251 million and the net profit was €242 million.

More on financial results

Noteworthy contracts with NS, Google, KPN and ABN AMRO

Our task is to make progress and for that purpose we need to have a clear view of what type of company we wish to be from the point of view of our customers. These customers, as well as our shareholders, NGOs, sector partners and suppliers, support us in this process. By examining how our business customers operate, we are able to provide what they need. The agreement with railway company NS to fuel all the trains with green power generated by new wind farms confirms this.

More on our customers

100,000th Toon thermostat installed

The growing demand for energy management applications indicates that individuals and businesses show an increasing interest in their energy consumption and production. At the end of 2014, more than 100,000 Toon thermostats had been installed in households in the Netherlands (approximately 1.5% of Dutch households). This smart thermostat gives consumers insight into their energy consumption and provides related information such as the current weather conditions.

More on energy management

Sustainable energy production capacity increased by 217 MW

In 2014, Eneco increased its sustainable electricity production capacity from 1463 to 1680 MegaWatt. This is sufficient to supply electricity to 1,057,000 households.

More on sustainable energy production capacity

Target maximum interruption duration in minutes in electricity grids achieved again

In 2014, the interruption duration for electricity was stable and below target at 21.1 minutes. Our objective is to keep the average electricity interruption duration per household per year below 25 minutes.

Limited interruption duration

Leiding over Noord heat transmission pipeline operational

Again in 2014, we have taken major steps towards the realisation of our mission Sustainable Energy for Everyone. Since the completion of the Leiding over Noord residual heat project, which was realised in close consultation with local parties, residual heat is transported from the port area of Rotterdam to the city centre where it is used for the heating of approximately 45,000 homes.

Generating heat with less CO2