On 30 October 2018 Eesti Energia will publish its Q3 2018 results. Introducing the results for investors will take place on 30 October at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Eesti Energia’s renewable energy company Enefit Green will build seven megawatts of solar power plants within this year across Estonia. This year, Enefit Green invests a total of five million euros in the development of solar energy.

From the 6th August, the client services of Eesti Energia will be led by Jüri Teemant, who has led the business client unit of Elisa Eesti for the past 7 years. As the Chief Customer Officer, Teemant will start to carry out the strategy for the client services of Eesti Energia with the goal of reaching 1 million satisfied customers in six Baltic Sea countries by 2022.

The energy group earned in the second quarter of 2018 a net profit of 15 million euros, which is 12% more compared to the same period last year. The turnover of Eesti Energia grew by 5% in yearly comparison and reached 186 million euros. EBITDA decreased by 17% to 53 million euros.

The sales revenues of Eesti Energia Group amounted to EUR 185.8 million in the second quarter of 2018 (+4.7% year-on-year). Group EBITDA reached EUR 53.0 million (-17.1% year-on-year). The Group’s net profit equalled EUR 14.7 million in the second quarter of 2018 (+12.0% year-on-year).

As of June, 12,636 customers of Eesti Energia consume electricity that was 100% produced from renewable energy sources. Compared to the beginning of January 2017, the number of Green Energy contracts has more than tripled.

On 27 July 2018 Eesti Energia will publish its Q2 2018 results. Introducing the results for investors will take place on 27 July at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Eesti Energia has on 28 June 2018 signed credit facilities in total amount of 300 million EUR. The facilities were signed on bilateral basis with three regional banks including Swedbank (150 million EUR), OP Corporate Bank (100 million EUR) and SEB (50 million EUR). The term of the facilities is three years. The facilities were signed to provide additional liquidity for Eesti Energia in view of the recently announced acquisition of 4Energia and upcoming bond maturity in October 2018. Additionally, part of the facilities will function as back-up liquidity buffer.

The Finnish state-owned Metsähallitus and Enefit Green, the subsidiary of the Estonian state-owned energy company Eesti Energia (known internationally as Enefit Group), signed an agreement that gives Enefit Green the opportunity to build a wind farm in Tolpanvaara, North Ostobothnia, Finland.

New standard conditions of Eesti Energia electricity sales contract will come into force 11.07.2018. Standard conditions are an integral part of our electricity sales contract.