For investors
Financial statements
- The sales revenues of Eesti Energia Group amounted to EUR 387.6 million in the third quarter of 2024
-5.2% vs 2023 Q3 - Group EBITDA was EUR 40.6 million
-56% vs 2023 Q3 - Group adjusted EBITDA was EUR 43.4 million
-58% vs 2023 Q3 - Group's net loss was EUR 8.4 million
-130.6% vs 2023 Q3
Upcoming important dates
27 February 2025
- 2024 Unaudited Annual Report
2 May 2025
- 2025 Q1 interim report
31 July 2025
- 2025 Q2 interim report
Credit ratings and analyses
Moody's 11.06.2024
Stable outlook
S&P 18.01.2024
BBB-
Negative outlook
Investor news
Financial statements
Financing
As of 30 September 2024, Eesti Energia's debt obligations amounted to 1616 million euros and net debt to EBITDA ratio stood at 2.9x. The debt obligations of Eesti Energia included syndicated loan of 557 million euros, loans received from the European Investment Bank in nominal value of 298 million euros, from NIB in nominal value of 166 million euros, from EBRD in nominal value of 6 million euros and loans from commercial banks in the amount of 589 million euros. From group's debt obligations 690 million euros belong to Eesti Energia's renewable subsidiary Enefit Green AS.
The liquidity buffer for the group includes liquid financial assets and undrawn loan facilities. As of 30 September 2024, the amount of undrawn loans amounted to 530 million euros. From this amount loans signed by the parent company Eesti Energia AS amount to 270 million euros, which include revolving credit facilities with commercial banks in the amount of 270 million euros (expiry dates from September 2025 until September 2026). Subsidiary's Enefit Green undisbursed loans amounted to 260 million euros as of 30 September 2024. More information can be found in the 2024 third quarter report.
Since 21 October 2021, Eesti Energia's renewable subsidiary Enefit Green AS is listed on the Nasdaq Tallinn Stock Exchange. More information on Enefit Green's investor website.
ESG
As of 30 September 2024
Bonds
| Bond | Eurobond |
|---|---|
| Type | Perpetual Sub-ordinated Capital Securities |
| ISIN | XS2824761188 |
| Volume | 400 mln euros |
| Coupon rate | 7,875% |
| Coupon payment | Annually |
| Issue date | 15.07.2024 |
| Maturity | Perpetual, first call date 15.07.2029 |
| Organizers | Goldman Sachs Bank Europe SE and AS LHV Pank |
| Listed | London Stock Exchange |
Contact
Danel Freiberg
Head of Treasury and Financial Risk Management
Email:
[email protected]Phone:
+372 5594 3838