Investor news

Eesti Energia Group results for Q2 2023

The sales revenues of Eesti Energia Group amounted to EUR 416.1 million, -0.1% year-on-year, in the second quarter of 2023. Reported group EBITDA was EUR 107.7 million (+17.4% year-on-year)...

Conference call discussing 2023 Q2 financial results of Eesti Energia

On 3 August 2023 Eesti Energia will publish its 2023 Q2 results. Introduction of the results for investors will take place on 3 August at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Eesti Energia Group results for Q1 2023

The sales revenues of Eesti Energia Group amounted to EUR 582.7 million, 2.0% year-on-year, in the first quarter of 2023.

Conference call discussing 2023 Q1 financial results of Eesti Energia

On 5 May 2023 Eesti Energia will publish its 2023 Q1 results. Introducing the results for investors will take place on 5 May at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Eesti Energia Group unaudited results for 2022 financial year

The sales revenues of Eesti Energia Group amounted to EUR 2,218.2 million, +69.0% year-on-year, in the financial year of 2022.

Conference call: 2022 unaudited financial results of Eesti Energia

On 28 February 2023 Eesti Energia will publish its 2022 unaudited financial results. The investor presentation of the results will take place on 01 March at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

600 million EUR sustainability linked syndicate term loan facility

On February 15th, 2023 Eesti Energia AS has signed a sustainability linked, amortising term loan contract in the amount of 600 million EUR. The term of the senior unsecured loan is 5 years.

Eesti Energia Group results for Q3 2022

The sales revenues of Eesti Energia Group amounted to EUR 657.1 million, +125.9% year-on-year, in the third quarter of 2022.

Conference call: 2022 Q3 financial results of Eesti Energia

On 3 November 2022 Eesti Energia will publish its 2022 Q3 results. Introduction of the results will take place on 3 November at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Eesti Energia Group results for Q2 2022

The sales revenues of Eesti Energia Group amounted to EUR 416.6 million, +72.8% year-on-year, in the second quarter of 2022.

Conference call: 2022 Q2 financial results of Eesti Energia

On 4 August 2022 Eesti Energia will publish its 2022 Q2 results. Introduction of the results will take place on 4 August at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Final Investment Decision of a 32MW Solar Park in Estonia

Eesti Energia Group’s renewable subsidiary Enefit Green has taken final investment decision regarding a 32MW Purtse solar park in Estonia.

Eesti Energia Strategy Update

Eesti Energy Supervisory Board has confirmed the Group\`s strategic action plan for the period 2022-2026. Compared to previous strategy more focus has been allocated to renewable electricity and reducing carbon footprint on home markets from Finland to Poland. Previous strategy included the addition of 600MW of wind and solar parks by 2025 which takes the total installed capacity to 1100MW. The updated strategy includes a 4-time increase from the current installed capacity to 1900MW by 2026. In addition to the currently under construction wind and solar parks in the capacity of 226MW, by the end of 2026 the Group expects to commission ca 600MW of wind parks in Estonia and Lithuania, and ca 600MW of solar parks in Baltics and Poland. During the period of 2022-2026 Eesti Energia intends to invest ca 2 billion euros to development projects, which to a large extent (in the amount of 1.5 billion euros) comprise of wind and solar park developments carried out by the Tallinn Nasdaq Stock exchange listed majority owned subsidiary Enefit Green. In 2026 the Group aims to produce renewable electricity in the amount of 5 TWh compared to 1.5TWh in 2021. Distribution segment’s goal is to enable Estonian micro producers, mainly new solar capacities, to join the distribution network. At the end of nearly 12 000 PV producers with a capacity of 385MW were connected to the distribution network. By the end of 2026 the target is 1100MW of connected production capacity to the distribution network.

Termination of Tender Offer for 2023 Eurobonds

Deutsche Bank announces termination of its Tender Offer for

Eesti Energia Tender Offer for 2023 Eurobonds

Deutsche Bank announces Tender Offer for

Appointment of new Supervisory Board members, chairman

The Extraordinary General Meeting of Eesti Energia AS held on 10 May 2022 approved a new composition of the Supervisory Council, effective from 12 May 2022 for a period of three years. The Supervisory Council now includes the following members: Anne Mere, Taavi Tamkivi, Tarmo Porgand, Ahti Kuningas, Andres Liinat, Einari Kisel, Meelis Einstein. Anne Mere has been appointed as the Chairman of the Supervisory Board of Eesti Energia AS.