Investor news

Eesti Energia Group’s sales revenues amounted to EUR 387.6 million in Q3 2024, a decrease of 5% year-on-year. The reported group EBITDA was EUR 40.6 million, down 56% year-on-year, while the adjusted EBITDA* stood at EUR 43.4 million, a decline of 58%. The Group’s reported net profit was EUR -8.4 million, a decrease of 130% year-on-year, and the adjusted net profit was EUR -5.6 million, down 114%. The electricity segment was the largest contributor to the Group’s EBITDA, representing 67%, followed by the distribution segment at 44%, and the shale oil segment at 11%.

On 31 October 2024 Eesti Energia will publish its 2024 Q3 results. Introduction of the results for investors will take place on 31 October at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

The sales revenues of Eesti Energia Group amounted to EUR 415.1 million, -0.2% year-on-year, in Q2 2024. Reported group EBITDA was EUR 153.5 million (+42.5% year-on-year), while adjusted EBITDA* was at EUR 158.9 million (+37.4%). The Group's reported net profit was at EUR 103.1 million (+141.6% year-on-year), adjusted net profit at EUR 108.5 million (+114.5%).

On 1 August 2024 Eesti Energia will publish its 2024 Q2 results. Introduction of the results for investors will take place on 1 August at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Eesti Energia raised 400 million euros of green hybrid bonds, listed on the London Stock Exchange to support its business and strengthen its financial position. The funds raised will be invested in ongoing and planned projects supporting the development of green energy.

The sales revenues of Eesti Energia Group amounted to EUR 416.1 million, -0.1% year-on-year, in the second quarter of 2023. Reported group EBITDA was EUR 107.7 million (+17.4% year-on-year)...

On 3 August 2023 Eesti Energia will publish its 2023 Q2 results. Introduction of the results for investors will take place on 3 August at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

The sales revenues of Eesti Energia Group amounted to EUR 582.7 million, 2.0% year-on-year, in the first quarter of 2023.

On 5 May 2023 Eesti Energia will publish its 2023 Q1 results. Introducing the results for investors will take place on 5 May at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

The sales revenues of Eesti Energia Group amounted to EUR 2,218.2 million, +69.0% year-on-year, in the financial year of 2022.

On 28 February 2023 Eesti Energia will publish its 2022 unaudited financial results. The investor presentation of the results will take place on 01 March at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

On February 15th, 2023 Eesti Energia AS has signed a sustainability linked, amortising term loan contract in the amount of 600 million EUR. The term of the senior unsecured loan is 5 years.

The sales revenues of Eesti Energia Group amounted to EUR 657.1 million, +125.9% year-on-year, in the third quarter of 2022.

On 3 November 2022 Eesti Energia will publish its 2022 Q3 results. Introduction of the results will take place on 3 November at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

The sales revenues of Eesti Energia Group amounted to EUR 416.6 million, +72.8% year-on-year, in the second quarter of 2022.

On 4 August 2022 Eesti Energia will publish its 2022 Q2 results. Introduction of the results will take place on 4 August at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Eesti Energia Group’s renewable subsidiary Enefit Green has taken final investment decision regarding a 32MW Purtse solar park in Estonia.

Eesti Energy Supervisory Board has confirmed the Group\`s strategic action plan for the period 2022-2026. Compared to previous strategy more focus has been allocated to renewable electricity and reducing carbon footprint on home markets from Finland to Poland. Previous strategy included the addition of 600MW of wind and solar parks by 2025 which takes the total installed capacity to 1100MW. The updated strategy includes a 4-time increase from the current installed capacity to 1900MW by 2026. In addition to the currently under construction wind and solar parks in the capacity of 226MW, by the end of 2026 the Group expects to commission ca 600MW of wind parks in Estonia and Lithuania, and ca 600MW of solar parks in Baltics and Poland. During the period of 2022-2026 Eesti Energia intends to invest ca 2 billion euros to development projects, which to a large extent (in the amount of 1.5 billion euros) comprise of wind and solar park developments carried out by the Tallinn Nasdaq Stock exchange listed majority owned subsidiary Enefit Green. In 2026 the Group aims to produce renewable electricity in the amount of 5 TWh compared to 1.5TWh in 2021. Distribution segment’s goal is to enable Estonian micro producers, mainly new solar capacities, to join the distribution network. At the end of nearly 12 000 PV producers with a capacity of 385MW were connected to the distribution network. By the end of 2026 the target is 1100MW of connected production capacity to the distribution network.

Deutsche Bank announces termination of its Tender Offer for

Deutsche Bank announces Tender Offer for

The Extraordinary General Meeting of Eesti Energia AS held on 10 May 2022 approved a new composition of the Supervisory Council, effective from 12 May 2022 for a period of three years. The Supervisory Council now includes the following members: Anne Mere, Taavi Tamkivi, Tarmo Porgand, Ahti Kuningas, Andres Liinat, Einari Kisel, Meelis Einstein. Anne Mere has been appointed as the Chairman of the Supervisory Board of Eesti Energia AS.