Sales revenues of Eesti Energia Group amounted to EUR 742.1 million in the 2016 financial year, which constitutes 4.5% decline compared to 2015. Group EBITDA reached EUR 327.3 million (+23.2% y-o-y) being the highest ever annual EBITDA for Eesti Energia. The Group’s net profit totalled EUR 171.0 million (a growth of EUR 130.5 million compared to 2015).
On 27 February 2017 Eesti Energia will publish its annual report for 2016. Introducing the results for investors will take place on 27 February at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.
The Extraordinary General Meeting of Eesti Energia held on 26 January 2017 passed the resolution to recall Erkki Raasuke and Märt Vooglaid from the Supervisory Council. The Extraordinary General Meeting appointed Ms Kaie Karniol as a new member of the Supervisory Council. These changes to the Supervisory Council are effective immediately. Mr Meelis Virkebau was also recalled from the Supervisory Council, effective from 28 February 2017.
The Chairman of the Supervisory Council of Eesti Energia, Mr Erkki Raasuke, has informed the company's Management Board that he intends to stand down from his current position as Chairman and Member of the Supervisory Council of Eesti Energia. Mr Raasuke will take on a new position in the financial sector, which prevents him from fulfilling any management duties in another company.
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Eesti Energia mobile app
With the mobile app, your consumption information, electricity contract, invoice information and Eesti Energia's contact details are readily available at all times, and you can conveniently submit meter readings by mobile phone. The Eesti Energia mobile app can be used by all residential customers in a contract with Eesti Energia.
As a large industrial business, we are aware of the impact of our operations on our surroundings. We are aware of our liability in this impact. In our daily operations, we care about our employees, customers, the natural environment and other stakeholders.
About the company
Eesti Energia is a state-owned international energy company that operates in the electricity and gas markets of the Baltic countries, Polish and in the international liquid fuels market. We offer energy solutions that include electricity, heat and fuel production, sales and customer service and other energy services. Our unique experience and technology in relation to processing oil shale and energy production are held in high regard around the world.
Energy production is more effective and environmentally responsible than it has ever been
We use increasingly effective and environmentally responsible technology in both the mining of oil shale as well as in the process of energy production. In addition to oil shale, we are using more and more alternative and renewable energy sources.