Iseteenindus

Annual report 2019

Useful and comfortable energy solutions, and a more and more environmentally sustainable energy production

We believe that as professionals in the energy field we can offer our customers the newest and best technological solutions in a rapidly changing world.

You can read how we have managed to fulfil our ambition to make the world a cleaner place in our 2019 annual report.

Annual report (PDF)  

Presentation of results (PDF, ENG) »

Hando Sutter

From Hando Sutter

About three times more renewable energy and a two times smaller carbon footprint – the changes on the energy market are this quick and pivotal. We wish to overcome these challenges as a winner.

Hando Sutter

Eesti Energia Chairman of the Board


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
  • The value Eesti Energia delivers to society, and it's broke downe

    The road of Eesti Energia in 2019

    The year was for us pivotal and full of challenges, but we believe that we can offer our customers the best technological solutions in a rapidly changing world.

    Read more (PDF)

    Business environment

    Our business is affected by both global and regional factors: prices of oil, electricity and emission quotas, competition on the energy and customer markets, regulations of the energetics sector, and also the growing competitiveness of renewable energy technologies.

    Read more (PDF)

    Our long plan

    The focus of our strategy is on the customer who receives from us useful, comfortable and innovative energy solutions, and a network service of higher and higher quality at a reasonable price.

    Read more (PDF)

    We care for the environment

    We produce energy in a more and more cleaner and environmentally friendly way, and contribute to the development of Estonian circular economy.

    Read more (PDF)

    Our people and contribution to the society

    We pay attention to the dedication of every employee, as valuable and favoured people are the key to success in all our ventures. In our activities, we comply with the principles of responsible entrepreneurship to support the development of social, business, and environmental fields in the society.

    Read more (PDF)

    We use research and development to ensure our future

    We cooperate with universities, start-ups and other companies to realize our strategic goals. A valued pioneer in the field of digital network and customer solutions.


    Read more (PDF)
    Innovatsioon
    Kaart

    Economic achievements

    With a turnover of 956 million euros in 2019, we made about 260 million euros of earnings before interest, taxes, depreciation and amortization (EBITDA) and about 23 million euros of net profit.

    REVENUE

    956

    mln €

    +81 mln €
    +9%

    EBITDA

    260

    mln €

    -23 mln €
    -8%

    NET PROFIT

    23

    mln €

    -83 mln €
    -78%


    INVESTMENTS

    136

    mln €

    +58 mln €
    +30%

    CREDIT RATINGS

    BBB-

    S&P

    Baa3

    Moody's

    SALES VOLUME OF NETWORK SERVICES

    6,9

    TWh

    -0,1 TWh
    -1%


    SALES VOLUME OF ELECTRICITY

    8,6

    TWh

    -0,3 TWh
    -3%

    SALES VOLUME OF LIQUID FUEL

    436

    thousand tons

    +43 thousand tons
    +11%

    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

    Read more