Iseteenindus

Annual Report 2020

Smart energy solutions - a cleaner living environment

Eesti Energia is the leader in creating new, smarter and cleaner energy solutions.

Read our 2020 annual report and find out how we succeeded in fulfilling our ambition of making the world a cleaner place.

Annual report (PDF)  

Presentation of results (PDF, ENG) »

Chairman's letter

In the waves of the global pandemic, we proved that we are a reliable partner to our customers even in the most difficult times. At the same time, we carried out the energy transition and got several steps closer to the goal of carbon neutrality.

Hando Sutter

Chairman of the Management Board of Eesti Energia


Read more (PDF)

Our values

Useful for the client
Value growing
Complicated made simple
Safety first
Depends on me

Our work is driven by ambition, values and the expectations of customers and the owner

AMBITSIOON

Our ambition is to offer customers functional and convenient energy solutions and produce energy in an increasingly environmentally sustainable way, contributing to a cleaner world.

CUSTOMER EXPECTATIONS

  • High quality and functional services
  • Transparent and responsible conduct
  • Clean energy production
  • The potential to produce your own energy
  • OWNER'S EXPECTATIONS

  • Highest regard for oil shale know-how
  • Guaranteeing increased company value and stable dividend income
  • Guaranteeing security of electricity supply in Estonia
  • Employing regional labour force
  • Decreasing negative environmental impact
  • Eesti Energia's journey in 2020

    The production and consumption of renewable energy is now easier and more convenient. The power network is becoming an intermediary in the new energy world, and cleaner energy production is increasing our competitiveness.

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    Sustainably and Responsibly to the Future

    We are developing renewable energy from Finland to Poland. Eesti Energia's CO2 emissions have fallen threefold in two years.

    Read more (PDF)

    Strategy

    We are growing into a complete solution provider in the field of energy - we help our customers easily and conveniently save on energy costs, reduce their carbon footprint and create a cleaner living environment.

    Read more (PDF)

    Business environment

    Our operations are affected by prices and competition in the energy and customer markets, regulations of the energy sector, as well as the growing competitiveness of renewable energy technologies.

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    Financial results

    With a turnover of 956 million euros in 2020, we earned nearly 260 million euros in EBITDA and nearly 23 million euros in net profit.

    SALES REVENUE

    833,7 mln €

    EBITDA

    213,6 mln €

    NET PROFIT

    19,3 mln €


    INVESTMENTS

    188 mln €

    CREDIT RATINGS

    BBB- S&P

    (outlook negative)

    Baa3 Moody's

    (outlook stable)


    SALES VOLUME OF NETWORK SERVICES

    6,7 TWh

    SALES VOLUME OF ELECTRICITY

    7,8 TWh

    SALES VOLUME OF LIQUID FUELS

    461 thousand tons

    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

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    Contacts

    You can find our contacts here:

    Contacts

    Management and structure

    Our ambition is to be a role model for all other Estonian companies

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