Subsequent events

Coronavirus

At the time of publication of this 2019 Annual Report, the government has taken far-reaching measures in the fight against coronavirus. The energy infrastructure is vital to our society. In this situation, too, we are taking all necessary measures to ensure our electricity and gas grid remains as reliable as ever.

At the very least, coronavirus measures mean that office staff are working from home whenever possible, and that technicians are reducing customer contacts to essential interactions. This requires flexibility on the part of our planners, who are scheduling the work differently. Some investments are being postponed and some additional costs may have to be incurred.

It is not certain how long this situation will continue, and Stedin will keep responding vigilantly to what is being asked of us. We expect to have sufficient liquidity to be able to pay ongoing costs.

Stedin is preparing to return to the levels of activity from before the current measures in order to resume work on the energy transition.

Settlement of the sale of Joulz Diensten

At the beginning of 2020, the final sales price was settled of the commercial activities of Joulz Energy Solutions B.V. that have been sold to a group company of Royal VolkerWessels in 2018.