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.

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.

Mr Andres Sutt, Member of Management Board of Eesti Energia has resigned from his position. The Supervisory Council is expected to approve his removal from the Board effective from 22 June 2018. Mr Sutt has been responsible for the Client Services business area since December 2017. The responsibilities of Mr Sutt will be divided between existing Members of the Board. The Management Board of Eesti Energia will now include four members: Hando Sutter (as the Chairman of the Management Board and Chief Executive Officer), Andri Avila (Chief Financial Officer), Margus Vals (Chief Development Officer) and Raine Pajo (Chief Operations Officer).

On 29 May 2018 Eesti Energia AS's fully owned subsidiary Enefit Green AS as the buyer, and Vardar Eurus AS and minority shareholders as the sellers entered into a Share Purchase Agreement regarding all the shares in Nelja Energia AS, a renewable energy producer and developer in the Baltic countries. The transaction remains subject to approval by the County Executive Board of Buskerud County Administration, and customary approvals and clearances by relevant competition authorities.

The sales revenues of Eesti Energia Group amounted to EUR 228.6 million in the first quarter of 2018 (+6.2% year-on-year). Group EBITDA reached EUR 76.8 million (-11.2% year-on-year). The Group’s net profit equalled EUR 40.5 million in the first quarter of 2018 (-16.1% year-on-year).

On 27 April 2018 Eesti Energia will publish its Q1 2018 results. Introducing the results for investors will take place on 27 April at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.