Annual Report 2021
On the journey to zero together with customers
Eesti Energia is the leader in creating new, smart and clean energy solutions.
Read our 2021 financial report and find out how we succeeded together with our customers in fulfilling the ambition of making the world a cleaner place.
Address by Hando Sutter
A sufficient amount of green electricity provided to customers creates the precondition for electrification and achieving carbon neutrality. We help customers plan and implement the green transition.
Hando Sutter
Chairman of the Management Board of Eesti Energia
CUSTOMERS' EXPECTATIONS
Customers want a compact and simple solution for all their energy needs from a professional and reliable service provider. Customers expect convenient and smart solutions that allow them to profitably manage their energy consumption or to produce their own energy. The expectation of responsibility is becoming increasingly decisive – customers prefer companies that produce energy from renewable sources, help customers produce their own renewable energy or consume energy in a more environmentally friendly way.
OWNER'S EXPECTATIONS
Our sole owner, the Republic of Estonia, expects profitability and stable dividend income from our company. In doing so, the share of electricity from renewable sources also in steerable electricity production must gradually increase, helping to maintain security of supply. The owner expects us to add further value to oil shale in accordance with the climate policy and to implement Ida-Virumaa's labour resources. The distribution network service is expected to gradually improve network reliability in a way that does not overburden the consumer's wallet.
AMBITION
Our ambition is to provide customers with beneficial and convenient energy solutions as well as to produce energy in an increasingly environmentally friendly way, thus contributing to making the world a cleaner place.
Sustainable and responsible tomorrow
Strategy
Operating environment
Financial results
We earned EUR 318 million in EBITDA and EUR 111 million in net profit with a sales revenue of EUR 1.3 million in 2021.
SALES REVENUE
€ 1,31 billion
EBITDA
€ 317,6 million
NET PROFIT
€ 111,5 million
INVESTMENTS
€ 251,6 million
CREDIT RATINGS
BBB- S&P
(negative outlook)
Baa3 Moody's
(stable outlook)
SALES VOLUME OF NETWORK SERVICES
7,2 TWh
SALES VOLUME OF ELECTRICITY
9,4 TWh
SALES VOLUME OF LIQUID FUELS
420 thousand t
Related topics
About the company
We create energy solutions ranging from electricity, heat and fuel production to sales, customer service and additional energy related services
Contacts
You can find our contacts here:
Management and structure
Our ambition is to be a role model for all other Estonian companies