Amprion Reports a Successful First Half of 2024: Results and Investments in Grid Expansion on Target

Transmission system operator Amprion achieved sound results in the first six months of 2024 and invested €1.3 billion in grid expansion. In May, the company issued a €1 billion green dual-tranche bond on the international capital market. With its second Green Finance Investor Report, Amprion provides transparent reporting on the use of funds from green bonds.

Revenue decreased by 5 percent year-on-year to €2.8 billion, mainly due to a one-time federal subsidy in the prior-year period and lower proceeds from congestion management. However, adjusted EBITDA rose by 27 percent to around €593 million, and adjusted net income increased by 24 percent to around €214 million, primarily due to a higher asset base from increased investments.

Amprion invested around €1.3 billion in the first half of 2024, aiming to upgrade and expand its transmission grid. The company plans to invest around €3.9 billion for the full year, a 28 percent increase compared with 2023. By 2028, it aims to invest €27.5 billion in grid infrastructure.

Peter Rüth, CFO of Amprion, noted the successful period marked by strategic investments and issuance of green bonds. Amprion is advancing in grid expansion projects and has secured around €29 billion of resources and services to 2034.

The annual Green Finance Investor Report 2023, meeting the requirements of the Green Bond Principles, is now available, detailing the use of raised funds and their impact on Germany's climate targets for 2035.