Fluxys Belgium SA Class D (DE:59FE) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Fluxys Belgium SA Class D reported a decrease in regulated revenue to €296.7 million in the first half of 2024, down from €309.3 million in the previous year, while net profit increased to €40.6 million from €34.5 million due to a new tariff methodology. Investment in tangible fixed assets reached €37.1 million, with a significant portion allocated to transport projects. The company is also actively preparing for hydrogen and CO2 transport, aiming for climate neutrality and being recognized as a hydrogen transport network operator in Belgium.
For further insights into DE:59FE stock, check out TipRanks’ Stock Analysis page.