Iseteenindus

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Financial statements

  • The sales revenues of Eesti Energia Group amounted to EUR 408.7 million in the third quarter of 2023
    -37.8% vs 2022 Q3
  • Group EBITDA was EUR 92.1 million
    -52.7% vs 2022 Q3
  • Group adjusted EBITDA was EUR 103.6 million
    +13.2% vs 2022 Q3
  • Group's net profit was EUR 27.4 million
    -79% vs 2022 Q3
  • Group's adjusted net profit was EUR 38.9 million
    +55.0% vs 2022 Q3
  • Upcoming important dates

    28 February 2024

  • 2023 annual report
  • 2 May 2024

  • 2024 Q1 interim report
  • 1 August 2024

  • 2024 Q2 interim report
  • Credit ratings and analyses

    Moody's
    24.05.2023

    Baa3

    S&P
    18.01.2024

    BBB-

    All investor news

    Financing

    As of 31 December 2022, Eesti Energia's debt obligations amounted to 1050 million euros and net debt to EBITDA ratio stood at 1.8x (with adjusted EBITDA at 2.3x). The debt obligations of Eesti Energia included Eurobonds in the amount of 500 million euros with maturity in September 2023, loans received from the European Investment Bank in nominal value of 55 million euros, from NIB in nominal value of 80 million euros, from EBRD in nominal value of 7 million euros and loans from commercial banks in the amount of 408 million euros. From group's debt obligations 275 million euros belong to Eesti Energia's renewable subsidiary Enefit Green AS.

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    The liquidity buffer for the group includes liquid financial assets and undrawn loan facilities. As of 31 December 2022, the amount of undrawn loans amounted to 495 million euros. From this amount loans signed by the parent company Eesti Energia AS amount to 445 million euros, which include two long term loan agreements with the European Investment Bank in a total amount of 245 million euros and revolving credit facilities with commercial banks in the amount of 200 million euros (expiry dates from September 2023 until September 2025). Subsidiary's Enefit Green undisbursed loans amounted to 50 million euros as of 31 December 2022. More information can be found in the 2022 annual report. In February 2023, the Group's parent raised a sustainability linked loan of 600 million euros with a term of 5 years and a variable interest rate to finance the repurchase of bonds which mature in September 2023 and investments in the Group's carbon neutrality strategy.

    Since 21 October 2021, Eesti Energia's renewable subsidiary Enefit Green AS is listed on the Nasdaq Tallinn Stock Exchange. More information on Enefit Green's investor website.

    Overview of debt obligations

    Debt Maturity profile, m €

    * As of 31 December 2022

    Financial statements

    2nd quarter

  • The sales revenues of Eesti Energia Group amounted to EUR 416.1 million in the second quarter of 2023
    -0.1% vs 2022 Q2
  • Group EBITDA was EUR 107.7 million
    +17.4% vs 2022 Q2
  • Group adjusted EBITDA was EUR 115.7 million
    +45.0% vs 2022 Q2
  • Group's net profit was EUR 42.7 million
    -5.6% vs 2022 Q2
  • Group's adjusted net profit was EUR 50.6 million
    +52.0% vs 2022 Q2
  • 2nd quarter interim report (PDF) »

    Presentation of the results (PDF) »

    Transcript of conference call (PDF) »

    Key financial indicators (XLS) »

    Annual Report

  • The sales revenues of Eesti Energia Group amounted to EUR 2218.2 million in 2022 (+69.0% vs 2021)
  • Group EBITDA for 2022 was EUR 420.4 million (+32.4% vs 2021)
  • Group adjusted EBITDA for 2022 was EUR 333.3 million (+37.0% vs 2021)
  • Group's net profit for 2022 was EUR 215.7 million (+93.5% vs 2021)
  • Group's adjusted net profit for 2022 was EUR 128 million (+247% vs 2021)
  • Annual report 2022 (PDF) »

    Presentation of the results (PDF) »

    Transcript of conference call (PDF) »

    Key financial indicators (XLS) »

    Annual Report

  • The sales revenues of Eesti Energia Group amounted to EUR 1,313.0 million in 2021 (+57.5% vs 2020).
  • Group EBITDA for 2021 was EUR 317.6 million (+48.7% vs 2020).
  • Group's net profit for 2021 was EUR 111.5 million (+478% vs 2020).
  • Audited annual report (PDF) »

    Presentation of the results (PDF) »

    Conference call recording (m4a) »

    Transcript of conference call (PDF) »

    Key financial indicators (XLS) »

    Annual Report

  • The sales revenues of Eesti Energia Group amounted to EUR 833.7 million in 2020 (-10.0% vs 2019)
  • Group EBITDA for 2020 was EUR 213.6 million (-17.8% vs 2019)
  • Group's net profit for 2020 was EUR 19.3 million (-45.5% vs 2019)
  • 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 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) »

    Older financial statements can be found in the archive »

    Contacts

    Danel Freiberg

    Head of Investor Relations and Treasury

    Phone: +372 465 2887
    [email protected]

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    About the company

    We create innovative and environmentally friendly energy solutions

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    Annual Report

    For more information on how we progressed towards our ambition last year, see the Annual Report for more details

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