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May 04, 2015 11:37 PM ET

Gas Utilities

Company Overview of Ervia

Company Overview

Ervia, a multi-utility company, delivers national gas and water infrastructure and services in Ireland and internationally. It operates through Networks and Ancillary segments. The company develops, operates, and maintains natural gas transmission and distribution networks; and provides gas transportation services to suppliers and shippers. It owns and operates two Interconnector gas pipelines between Scotland and the Republic of Ireland; and has network infrastructure assets in Northern Ireland and the Isle of Man. The company has a national distribution pipeline network of 11,218 kilometers and a transmission pipeline network of 2,467 kilometers. It also provides drinking water and waste w...

6 Lapps Quay

PO Box 835

Cork,  

Ireland

Founded in 1976

1,200 Employees

Phone:

353 21 453 4000

Fax:

353 21 453 4001

Key Executives for Ervia

Chief Executive Officer, Director, Member of Investment & Infrastructure Committee and Member of Customer Service Committee
Age: 53
Chief Financial Officer and Chief Finance Director
Chief Strategy Officer
Managing Director of Energy
Managing Director of Major Projects
Compensation as of Fiscal Year 2014.

Ervia Key Developments

Ervia Announces New Board Members

Minister for Communications, Energy and Natural Resources Alex White has announced the membership of the board of Ervia, which has overall responsibility for Irish Water and Gas Networks Ireland. Four new members have been appointed, they are Sean Hogan, who is Northern Irish Water chairman, James Martin, Celine Fitzgerald and Peter Cross. They have been appointed for five years. The board of Ervia will be increased later to 11 members.

Bord Gáis Éireann has Changed its Name to Ervia

Bord Gáis Éireann changed its name to Ervia.

Bord Gais Eireann Reports Earnings Results for the Year 2013

Bord Gais Eireann reported earnings results for the year 2013. For the period, the company reported profit before income tax for total operations increased by 44% (€52 million) to €171 million and EBITDA grew by €58 million to €437 million for the year. The Company generated €458 million in cash from operating activities. Profit after tax was €130 million, before exceptional charges and remeasurements of €298 million, primarily in respect of discontinuing operations (Bord Gáis Energy), leading to an overall accounting loss after tax of €169 million. The Company's financial statements recorded an exceptional charge of €72 million (post tax), reflecting the difference between the adjusted carrying value of Bord Gáis Energy assets and the proceeds from the sale of the Energy business. This charge includes all transaction costs, but does not reflect all contingent consideration which may be received in subsequent years. EBITDA from continuing operations was €346 million, a year on year increase of 15%.

Similar Private Companies By Industry

Company Name Region
Flogas Ireland Ltd. Europe
Ervia Europe
Bord Gáis Networks Europe
Bord Gáis Energy Trading Limited Europe
Phoenix Energy Limited Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 6, 2014
firmus energy (Distribution) Limited
 

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