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.
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
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.
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.
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.
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.
We produce energy in a more and more cleaner and environmentally friendly way, and contribute to the development of Estonian circular economy.
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.
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.
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%
We create energy solutions ranging from electricity, heat and fuel production to sales, customer service and additional energy related services
You can find our contacts here:
Our ambition is to be a role model for all other Estonian companies