For investors
Financial statements
- The sales revenues of Eesti Energia Group amounted to EUR 1785.2 million in 2024
-6.3% vs 2023
- Group EBITDA was EUR 398.2 million
-8.8% vs 2023 - Group adjusted EBITDA was EUR 400.0 million
-17.2% vs 2023 - Group's net profit was EUR 12.9 million
+103.1% vs 2023
Upcoming important dates
8 May 2025
- 2025 Q1 interim report
31 July 2025
- 2025 Q2 interim report
30 October 2025
- 2025 Q3 interim report
Credit ratings and analyses
Moody's 08.04.2025
Negative outlook
S&P 02.04.2025
BB+
Negative outlook
Voluntary takeover bid to acquire shares of Enefit Green AS
Eesti Energia AS (hereinafter referred to as Eesti Energia) makes a voluntary takeover bid to all shareholders of Enefit Green AS (hereinafter referred to as Enefit Green) in order to bring Enefit Green back 100% into the structure of Eesti Energia and to shape Eesti Energia into an integrated energy group.
Financial statements
Financing
As of 31 December 2024, Eesti Energia's debt obligations amounted to 1645 million euros and net debt to EBITDA ratio stood at 3.0x. The debt obligations of Eesti Energia included syndicated loan of 557 million euros, loans received from the European Investment Bank in nominal value of 333 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 583 million euros. From group's debt obligations 720 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 31 December 2024, the amount of undrawn loans amounted to 482 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 215 million euros as of 31 December 2024. More information can be found in the 2024 annual report.
Since 21 October 2021, Eesti Energia's renewable subsidiary Enefit Green AS is listed on the Nasdaq Tallinn Stock Exchange. More information on
ESG
As of 28 February 2025
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