Financial strategy
TenneT’s financial policy is derived from our corporate strategy. The starting point is to ensure that the company’s financial position remains strong.
Principles
TenneT’s financial policy is based on the following principles:
- to protect our group equity and earnings against financial risks;
- to realise sufficient returns for our shareholder, the State of the Netherlands;
- to enter into financing arrangements that fit in with TenneT’s risk profile;
- to retain our strategic flexibility;
- to achieve sufficient and effective financial control (corporate governance).
Our financial policy is aimed at gearing our equity structure as closely as possible to our long‑term financing needs, taking into account the long‑term nature of our assets and the regulatory system.
Dividend policy
TenneT strives to achieve a dividend pay‑out of 50% of the net result (excluding exceptional items). An important precondition is that TenneT’s financial position must be at least comparable to the financial position of similar foreign companies.
