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.
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
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 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.
We are developing renewable energy from Finland to Poland. Eesti Energia's CO2 emissions have fallen threefold in two years.
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.
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.
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
We create energy solutions ranging from electricity, heat and fuel production to sales, customer service and additional energy related services
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Our ambition is to be a role model for all other Estonian companies