Iseteenindus

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All the necessary information for the investor

Financial statements

  • The sales revenues of Eesti Energia Group amounted to EUR 168.0 million in the first quarter of 2020
    -17.8% year-on-year
  • Group EBITDA was EUR 54.8 million
    -13.0% year-on-year
  • Group's net profit was EUR 7.0 million
    -25.8% year-on-year
  • Coming important dates

    30 July 2020

  • 2020 2nd quarter interim report
  • 29 October 2020

  • 2020 3rd quarter interim report
  • 26 February 2021

  • 2020 financial year audited results
  • Credit ratings and analyses

    Moody's
    28.01.2020

    Baa3

    S&P
    27.08.2019

    BBB-

    All investor news

    Financing

    As of 31 December 2019, the long-term debt obligations of Eesti Energia included Eurobonds in the amount of 606 million euros, as well as loans received from the European Investment Bank in nominal value of 139 million euros and from commercial banks in the amount of 423 million euros. The maturity dates of the Eurobonds are in 2020 and 2023.

    The liquidity buffer for the group includes both liquid financial assets as well as undrawn loan facilities. As of December 2019, the amount of undrawn loans amounted to 425 million euros, which included revolving credit facilities with two regional banks (SEB and OP Corporate Bank) and a long-term loan agreement with the European Investment Bank.

    Overview of debt obligations

    Overview of debt obligations
    Overview of debt obligations
    Debt maturity profile (€ m)

    Bonds

    Bonds Eurobond Eurobond
    ISIN XS0235372140 XS1292352843
    Issue date 15 November 2005 15 September 2015
    Coupon rate 4,5% 2,384%
    Coupon frequency Annual Annual
    Lead Managers Citigroup Barclays, Deutsche Bank ja Nordea
    Listing London London
    Amount outstanding €106.3m
    (until 21 September 2015 the repurchase was €300 million)
    €500m
    Maturity date 18 November 2020 22 September 2023

    Financial statements

    2nd quarter

  • The sales revenues of Eesti Energia Group amounted to EUR 168.0 million in the first quarter of 2020 (-17.8% year-on-year).
  • Group EBITDA was EUR 54.8 million (-13.0% year-on-year).
  • Group's net profit was EUR 7.0 million (-25.8% year-on-year).
  • Interim report (PDF) »

    Presentation of the results (PDF) »

    1st quarter

    01.01 - 31.03

    Interim report (PDF) »

    Presentation of the results (PDF) »

    Conference call recording (mp3) »

    Transcript of conference call (PDF) »

    Key financial indicators (XLS) »

    Annual Report

  • The sales revenues of Eesti Energia Group amounted to EUR 956.4 million in 2019 (+9.3% year-on-year). Total revenues grew to EUR 1,018.5 million (+13.5% year-on-year).
  • Group EBITDA reached EUR 259.8 million (-8.2% year-on-year).
  • Eesti Energia's net profit was EUR 23.2 million in 2019 (-78.2% year-on-year).
  • Annual report (PDF) »

    Presentation of the results (PDF) »

    Conference call recording (mp3) »

    Transcript of conference call (PDF) »

    Key financial indicators (XLS) »

    Annual report

  • The sales revenues of Eesti Energia Group amounted to EUR 875.3 million in the financial year of 2018 (+16.1% compared to 2017).
  • Consolidated EBITDA totalled EUR 283.2 million (+7.2% compared to 2017).
  • The Group's net profit totalled EUR 106.2 million (compared to EUR 100.8 million in 2017).
  • Annual report 2018 (PDF) »

    Presentation of the results (PDF) »

    Conference call recording (mp3) »

    Transcript of conference call (PDF) »

    Key financial indicators (XLS) »

    Annual report

  • The sales revenues of Eesti Energia Group amounted to EUR 753.9 million in the financial year of 2017 (+1.6% compared to 2016).
  • Consolidated EBITDA totalled EUR 264.2 million (-19.3% compared to 2016).
  • The Group's net profit totalled EUR 100.8 million (compared to EUR 171.0 million in 2016).
  • Annual report 2017 (PDF) »

    Presentation of the results (PDF) »

    Conference call recording (mp3) »

    Transcript of conference call (PDF) »

    Key financial indicators (XLS) »

    Annual report

    Sales revenues of Eesti Energia Group amounted to EUR 742.1 million in the 2016 financial year, which constitutes 4.5% decline compared to 2015. Group EBITDA reached EUR 327.3 million (+23.2% y-o-y) being the highest ever annual EBITDA for Eesti Energia. The Group's net profit totalled EUR 171.0 million (a growth of EUR 130.5 million compared to 2015).

    Annual report 2016 (PDF) »

    Presentation of the results (PDF) »

    Conference call recording (mp3) »

    Transcript of conference call (PDF) »

    Annual report

    Eesti Energia's sales revenues for the financial year 2015 amounted to EUR 777 million (-11.7%, EUR -103.2 million down from 2014), while EBITDA totalled EUR 266 million (-14.9%, EUR -46.5 million) and net profit EUR 40 million (-74.6%, EUR -118.8 million).

    Annual report 2015 (PDF) »

    Presentation of the results (PDF) »

    Conference call recording (mp3) »

    Transcript of conference call (PDF) »

    Annual report

    The year 2014 was an anniversary year for Eesti Energia - 75 years passed since the establishment of our predecessor, limited com - pany Elektrikeskus. We also celebrated other noteworthy milestones such as 65 years since the launch of Eesti Energia's first power plant, 55 years since the completion of the Balti power plant and 45 years since the launch of the Eesti power plant.

    Annual report 2014 (PDF) »

    Presentation of the results (PDF) »

    Conference call recording (mp3) »

    Annual report

    Eesti Energia sales revenues for the financial year 2013 amounted to 966 million euros (+18%), while EBITDA reached 310 million euros (+12%) and net profit 160 million euros (+107%).

    Annual report 2013 (PDF) »

    Presentation of the results (PDF) »

    Conference call recording (mp3) »

    Annual report

    Consolidated revenues of Eesti Energia for FY2012 amounted to 868 million euros (+1% y-o-y), EBITDA to 278 million euros (+5% y-o-y) and net profit to 77 million euros (-48% y-o-y).

    Annual report 2012 (PDF) »

    Presentation of the results (PDF) »

    Conference call recording (mp3) »

    Transcript of conference call (PDF) »

    Annual report

    The 2011 financial year for Eesti Energia was a year for laying the foundations for the future. The success, sustainability and competitiveness of Eesti Energia largely depend on the implementation of the projects and initiatives we have planned.

    Annual report 2011 (PDF) »

    Presentation of the results (PDF) »

    Conference call recording (mp3) »

    Annual report

    The 2010 financial year was notable for the best-ever economic results, increased investment in the security of supply and the distribution network, increased efficiency, and the partial opening of the electricity market for large consumers.

    Annual report 2010 (PDF) »

    Annual report

    Despite the economic slowdown, we managed to increase our profitability by nearly 70% in the 2009/10 financial year. Such a significant increase in profits is explained by successful energy trading on foreign markets, sales of shale oil and reductions of costs. In early 2010 we sold the transmission system operator Elering to the Estonian government.

    Annual report 2009/10 (PDF) »

    3rd quarter

    01.04 - 31.12

    Interim report (PDF) »

    2nd quarter

    01.04 - 30.09

    Interim report (PDF) »

    1st quarter

    01.04 - 30.06

    Interim report (PDF) »

    Annual report

    In 2009 we opened one of the most powerful wind generator parks in the Baltics in Aulepa. We added to our share of the Estonian market of almost 90% by gaining over 5% of the electricity market in Latvia, and for the first time ever we produced over a million barrels of shale oil.

    Annual report 2008/09 (PDF) »

    3rd quarter

    01.04 - 31.12

    Interim report (PDF) »

    2nd quarter

    01.04 - 30.09

    Interim report (PDF) »

    1st quarter

    01.04 - 30.06

    Interim report (PDF) »

    Annual report

    The most important achievements of Eesti Energia in the 2007/08 financial year were the successful launch of the Kõu internet service and the growth of customer satisfaction, along with improvements in general network quality. By entering the markets of Latvia and Lithuania, Eesti Energia became the only energy company to sell electricity to customers in all of the Baltic States.

    Annual report 2007/08 (PDF) »

    3rd quarter

    01.04 - 31.12

    Interim report (PDF) »

    2nd quarter

    01.04 - 30.09

    Interim report (PDF) »

    1st quarter

    01.04 - 30.06

    Interim report (PDF) »

    Annual report

    The most important event of the 2006/07 financial year was the launch of the electrical connection between the Baltic States and the Nordic countries through the undersea cable Estlink. We sold electricity to Finland for the first time ever in this year.

    Annual report 2006/07 (PDF) »

    3rd quarter

    01.04 - 31.12

    Interim report (PDF) »

    2nd quarter

    01.04 - 30.09

    Interim report (PDF) »

    1st quarter

    01.04 - 30.06

    Interim report (PDF) »

    Annual report

    The main event of the 2005/06 financial year was the start of building work for the undersea cable Estlink to connect Estonia and Finland. The most important funding event for the company was the issuance of long-term Eurobonds worth 300 million euros with a maturity date of 2020.

    Annual report 2005/06 (PDF) »

    4th quarter

    01.04 - 31.03.2006

    Interim report (PDF) »

    3rd quarter

    01.04 - 31.12.2005

    Interim report (PDF) »

    2nd quarter

    01.04 - 30.09.2005

    Interim report (PDF) »

    1st quarter

    01.04 - 30.06.2005

    Interim report (PDF) »

    Annual report

    The most important events of the 2004/05 financial year were the start-up of a new power unit using fluidised bed technology, the introduction of new electricity tariffs, and the completion of the preliminary work on the undersea cable to connect the Baltic States and the Nordic countries. The positive results were built on strong growth in domestic electricity sales and the optimisation of production costs.

    Annual report 2004/05 (PDF) »

    4th quarter

    01.04 - 31.03.2005

    Interim report (PDF) »

    3rd quarter

    01.04 - 31.12.2004

    Interim report (PDF) »

    2nd quarter

    01.04 - 30.09.2004

    Interim report (PDF) »

    1st quarter

    01.04 - 30.06.2004

    Interim report (PDF) »

    Annual report

    For Eesti Energia the 2003/04 financial year was the second consecutive year of economic success. The economic results of the group were affected most strongly by the record sales of electricity. In recognition of the results, the rating agency Moody's upgraded the credit rating of Eesti Energia to A3, which was the highest of any energy company in Eastern Europe. Eesti Energia was also recognised as the most competitive Estonian company of 2003.

    Annual report 2003/04 (PDF) »

    4th quarter

    01.04 - 31.03.2004

    Interim report (PDF) »

    3rd quarter

    01.04 - 31.12.2003

    Interim report (PDF) »

    2nd quarter

    01.04 - 30.09.2003

    Interim report (PDF) »

    Contacts

    Rasmus Noormägi

    Rasmus Noormägi

    Head of Investor Relations and Treasury

    Phone: +372 465 2885
    rasmus.noormagi@energia.ee

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