Upcoming Dividend • May 29
Upcoming dividend of €13.70 per share Eligible shareholders must have bought the stock before 05 June 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of French dividend payers (5.6%). Higher than average of industry peers (3.7%). Declared Dividend • May 03
Dividend increased to €13.70 Dividend of €13.70 is 25% higher than last year. Ex-date: 5th June 2026 Payment date: 9th June 2026 Dividend yield will be 6.0%, which is higher than the industry average of 4.3%. Sustainability & Growth The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 02
Électricite de Strasbourg Société Anonyme announces Annual dividend, payable on June 09, 2026 Électricite de Strasbourg Société Anonyme announced Annual dividend of EUR 13.7000 per share payable on June 09, 2026, ex-date on June 05, 2026 and record date on June 08, 2026. Announcement • May 01
Électricite de Strasbourg Société Anonyme, Annual General Meeting, Jun 04, 2026 Électricite de Strasbourg Société Anonyme, Annual General Meeting, Jun 04, 2026. Location: 26 boulevard du president wilson, strasbourg France New Risk • Apr 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • May 23
Upcoming dividend of €11.00 per share Eligible shareholders must have bought the stock before 30 May 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 7.3%. Within top quartile of French dividend payers (5.4%). Higher than average of industry peers (4.5%). New Risk • Feb 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Jun 21
Upcoming dividend of €8.60 per share Eligible shareholders must have bought the stock before 28 June 2024. Payment date: 02 July 2024. Trailing yield: 7.5%. Within top quartile of French dividend payers (5.5%). Higher than average of industry peers (5.5%). New Risk • May 05
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.3% net profit margin). New Risk • Nov 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.7% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.3% net profit margin). Upcoming Dividend • May 23
Upcoming dividend of €2.65 per share at 6.4% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 01 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.4%. Within top quartile of French dividend payers (5.3%). Higher than average of industry peers (4.9%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Director Patrick Roger was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 07
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €35.1m from profit in 1H 2021). Profit margin: (down from 8.2% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • May 23
Upcoming dividend of €5.80 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of French dividend payers (5.0%). Higher than average of industry peers (4.1%). Reported Earnings • May 03
Full year 2021 earnings released: EPS: €8.21 (vs €4.95 in FY 2020) Full year 2021 results: EPS: €8.21 (up from €4.95 in FY 2020). Revenue: €910.1m (up 23% from FY 2020). Net income: €58.9m (up 66% from FY 2020). Profit margin: 6.5% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Director Patrick Roger was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 21
Upcoming dividend of €4.70 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 01 June 2021. Trailing yield: 4.6%. Within top quartile of French dividend payers (3.8%). Higher than average of industry peers (3.7%). Is New 90 Day High Low • Oct 06
New 90-day high: €119 The company is up 8.0% from its price of €110 on 08 July 2020. The French market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 1.0% over the same period. Announcement • Sep 30
The consortium of investors comprising SG Private Equity, Pechel Industries, Altice Participations and the management acquired 95% equity interest in Est Videocommunication from Electricite de Strasbourg SA (ENXTPA:ELEC). The consortium of investors comprising SG Private Equity, Pechel Industries, Altice Participations and the management acquired 95% equity interest in Est Videocommunication from Electricite de Strasbourg SA (ENXTPA:ELEC) on December 20, 2002. The purchase is being made through an through investment vehicle named Altice France Est. Senior debt was contracted with Credit Lyonnais, ING Banque, and Banque Americaine CIT/Newcourt.
Christophe Digoy, David Diamant, Alexandre Lagarrigue of Clifford Chance LLP acted as the legal advisors for SG Capital Europe and HPML acted as legal advisor to Pechel Industries while Jeantet Associés and KPMG advised the management team. Norton Rose advised Crédit Lyonnais and ING Banque while Franklin & Associés acted as legal advisor to Est Vidéocommunication in the deal.
The consortium of investors comprising SG Private Equity, Pechel Industries, Altice Participations and the management completed the acquisition of a 95% interest in Est Videocommunication from Electricite de Strasbourg SA (ENXTPA:ELEC) on December 20, 2002. Is New 90 Day High Low • Sep 19
New 90-day high: €114 The company is up 5.0% from its price of €109 on 19 June 2020. The French market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 2.0% over the same period. 
