Investor news

The sales revenues of Eesti Energia Group amounted to EUR 210.3 million in the second quarter of 2019 (+13.2% year-on-year). Group EBITDA reached EUR 63.0 million (+18.9% year-on-year). The Group's net profit equalled EUR 9.4 million in the second quarter of 2019 (-35.9% year-on-year).

On 30 July 2019 Eesti Energia will publish its Q2 2019 results. Introducing the results for investors will take place on 30 July at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Based on today’s resolution of the Supervisory Council of Eesti Energia AS, it was decided to extend the terms of the service contracts with the current members of the Management Board of Eesti Energia.

Enefit Green, a fully owned subsidiary of Eesti Energia, signs share purchase agreement to acquire solar parks in Poland.

The sales revenues of Eesti Energia Group amounted to EUR 282.6 million in the first quarter of 2019 (+23.6% year-on-year). Group EBITDA reached EUR 83.8 million (+9.1% year-on-year). The Group's net profit equalled EUR 9.5 million in the first quarter of 2019 (-76.6% year-on-year).

On 30 April 2019 Eesti Energia will publish its Q1 2019 results. Introducing the results for investors will take place on 30 April at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

The sales revenues of Eesti Energia Group amounted to EUR 875.3 million in the 2018 financial year (+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 (+5.4% compared to 2017 financial year).

Based on yesterday’s resolution of the Supervisory Council of Eesti Energia, an extension of the term of the service contract of Mr Hando Sutter, the Chairman of Eesti Energia’s Management Board, has today been signed. The extended term of the service contract is March 31, 2023.

On December 21, 2018 Eesti Energia AS’s fully owned subsidiary Enefit Green AS has signed term loan contracts in total amount of 260 million EUR. The contracts were signed on bilateral basis with SEB (200 million EUR) and Swedbank (60 million EUR). The term of the unsecured loans is 5 years, with 7 years repayment schedule. The purpose of the term loans is to refinance the existing debt of Nelja Energia, which was assumed as a result of the recent acquisition, and for general corporate purposes.

On November 7, 2018 Eesti Energia AS’s fully owned subsidiary Enefit Green AS as the buyer, and Vardar Eurus AS and minority shareholders as the sellers closed the transaction relating to the 100% of the shares in Nelja Energa AS, a renewable energy producer and developer in the Baltic countries. Upon closing, Enefit Green AS, a wholly owned subsidiary of Eesti Energia AS, has paid the purchase consideration to the sellers and has been registered as the sole shareholder of Nelja Energia AS in the share register. The share purchase agreement relating to the transaction was signed in May 2018.

The sales revenues of Eesti Energia Group amounted to EUR 199.7 million in the third quarter of 2018 (+26.7% year-on-year). Group EBITDA reached EUR 58.4 million (+8.1% year-on-year). The Group’s net profit equalled EUR 10.9 million in the third quarter of 2018 (-32.8% year-on-year).

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.

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).

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.