January 18, 2017 5:54 PM ET

Electric Utilities

Company Overview of 50Hertz Transmission GmbH

Company Overview

50Hertz Transmission GmbH engages in the operation, maintenance, planning, and expansion of a power transmission grid in the northern and eastern part of Germany. Its electricity grid is directly connected to countries, such as Poland, Czech Republic, and Denmark; and coordinates the interaction of various players of the electricity market in the federal states of Berlin, Brandenburg, Hamburg, Mecklenburg-Vorpommern, Saxony, Saxony-Anhalt, and Thuringia. The company 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 Transmissi...

Eichenstraße 3A

Berlin,  12435

Germany

Founded in 2002

Phone:

49 30 5150 0

Fax:

49 30 5150 2199

Key Executives for 50Hertz Transmission GmbH

Chief Executive Officer
Age: 49
Chief Financial Officer
Age: 48
Head of Communications & Public Affairs
Managing Director of 50Hertz Offshore
Managing Director of 50Hertz Offshore
Age: 63
Compensation as of Fiscal Year 2016.

50Hertz Transmission GmbH Key Developments

50Hertz Transmission GmbH Presents at The Germany Conference, Apr-28-2016 11:15 AM

50Hertz Transmission GmbH Presents at The Germany Conference, Apr-28-2016 11:15 AM. Venue: Hotel Adlon, Unter den Linden 77, 10117, Berlin, Germany. Speakers: Marco Nix, Chief Financial Officer.

50Hertz Transmission Announces Earnings Results for the First Half Ended June 30, 2015

50Hertz Transmission announced earnings results for the first half ended June 30, 2015. For the period, the company reported total revenues and other income of EUR 657.9 million compared to EUR 510.0 million a year ago. Earnings before interest and tax was EUR 140.4 million compared to EUR 148.9 million a year ago. EBITDA was EUR 181.3 million compared to EUR 178.6 million a year ago. Profit attributable to the owners of the company was EUR 91.4 million compared to EUR 99.4 million a year ago. Capital expenditures were EUR 191.9 million compared to EUR 591.1 million a year ago. Net financial debt as at June 30, 2015 was EUR 95.1 million compared to EUR 24.9 million a year ago. The reported results decrease because of the disappearance of the important one-offs realized in the first 6 months of 2014 (down EUR 22.9 million). This rise in revenue was mainly a result of increased onshore and offshore investments and the higher energy costs to be recovered, partly compensated by the settlement of old tariff surpluses.

50Hertz Transmission GmbH Presents at The German Conference, Apr-30-2015 10:00 AM

50Hertz Transmission GmbH Presents at The German Conference, Apr-30-2015 10:00 AM. Venue: Hotel Adlon, Berlin, Germany. Speakers: Udo Giegerich, Chief Financial Officer.

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Recent Private Companies Transactions

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