The public offering of bonds by Eesti Energia AS (registry code 10421629; “Eesti Energia”) (the “Offering”) concluded on Friday, 30 May 2025. The Offering was conducted based on the prospectus approved by the Estonian Financial Supervision and Resolution Authority on 19 May 2025.
Eesti Energia AS announces that its sole shareholder, the Government of Estonia, has approved a share capital increase in the amount of EUR 100 million.
Eesti Energia AS (register code 10421629; “Eesti Energia”) hereby announces a public offering of Eesti Energia’s bonds (the “Offering”). The Offering is conducted on the basis of the prospectus approved by the Estonian Financial Supervision and Resolution Authority (the “EFSA”) on 19 May 2025 that has been published on the date of this announcement on the web pages of Eesti Energia and the EFSA. The public offering is carried out in Estonia.
Eesti Energia AS (“Offeror”) made a voluntary takeover offer to all the shareholders of Enefit Green AS (“Enefit Green”) for acquiring all the shares of Enefit Green (“Shares”) not yet in the ownership of the Offeror (“Offer”). The Offer was made based on the offer notice (“Offer Notice”) and the prospectus attached to it (“Prospectus”, together with the Offer Notice, “Offer Documents”).
Amid a challenging energy market characterized by volatile electricity prices and disconnecting from the Russian electricity grid in February 2025, Eesti Energia Group’s Q1 2025 sales revenue totalled EUR 530 million, marking a 6% increase year-on-year. The reported Group EBITDA decreased by 4% to EUR 122 million. Net profit for the period amounted to EUR 78 million (-1%). Overall, the Group’s financial results were stable despite the changes in the Baltic grid and uncertainty on the global macroeconomic front.
The Minister of Finance has signed a sole shareholder resolution appointing three new members to the Supervisory Board of Eesti Energia AS. Based on the recommendation of the Nomination Committee, Mrs. Anna Ebers Broughel, Mr. Jevgeni Kabanov, and Mr Priit Rohumaa will begin three-year terms. They will replace Mr. Andres Liinat, Mr. Einar Kisel, Mr. Meelis Einstein, and Mr. Allan Niidu, whose terms end on May 12. Mrs. Anne Mere will continue as Chairman of the Supervisory Board.
On 8 May 2025 Eesti Energia will publish its 2025 Q1 results. Introduction of the results for investors will take place on 8 May at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.
On 8 April 2025, Moody’s has affirmed Eesti Energia AS credit rating Baa3, but changes the outlook to negative from stable. The negative outlook reflects that the voluntary takeover bid that Eesti Energia has made to acquire the shares of Enefit Green will mean an increase in financial leverage.
Eesti Energia AS (company registered in Estonia with registry code 10421629 and registered address Lelle 22, 11318, Tallinn, Estonia, “Offeror“ or “Eesti Energia”) in accordance with the Estonian Securities Market Act (“SMA”) and other applicable legal acts hereby makes a voluntary takeover bid to all shareholders of Enefit Green AS-i (“Enefit Green“) for acquiring all shares of Enefit Green (“Shares”) not yet belonging to the Offeror (“Bid”). The Bid is made based on this notice of bid (“Notice of Bid”) and the prospectus attached to it (“Prospectus”, together with the Notice of Bid, “Bid Documents”)
The annual report with included independent auditor's report has been made public on Eesti Energia’s website at https://www.enefit.com/en/ettevottest/investorile Compared to the unaudited report no material changes were made.
On 2 April 2025, S&P has revised Eesti Energia AS credit rating outlook to negative from BB+ with a stable outlook on elevated leverage expectations on takeover bid for subsidiary Enefit Green AS.
Eesti Energia AS (a company registered in Estonia with registry code 10421629, “Eesti Energia” or “Offeror”) announces its intention to make a voluntary takeover bid to all shareholders of Enefit Green AS (“Enefit Green”) to acquire all shares of Enefit Green not held by the Offeror (“Bid”).
On 13 March 2025, S&P has downgraded Eesti Energia AS credit rating to BB+ with a stable outlook from BBB- on elevated leverage expectations. The junior subordinated rating on the €400 million hybrid instrument has also been downgraded to B from B+.
Amid a challenging energy market characterized by volatile electricity prices, Eesti Energia Group’s sales revenue totalled EUR 1,785 million in 2024, reflecting a 6% year-on-year decline. The reported Group EBITDA was EUR 398 million, down 9% year-on-year.
On 28 February 2025 Eesti Energia will publish its 2024 unaudited financial results. The investor presentation of the results will take place on 28 February at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.
Eesti Energia Group’s sales revenues amounted to EUR 387.6 million in Q3 2024, a decrease of 5% year-on-year. The reported group EBITDA was EUR 40.6 million, down 56% year-on-year, while the adjusted EBITDA* stood at EUR 43.4 million, a decline of 58%. The Group’s reported net profit was EUR -8.4 million, a decrease of 130% year-on-year, and the adjusted net profit was EUR -5.6 million, down 114%. The electricity segment was the largest contributor to the Group’s EBITDA, representing 67%, followed by the distribution segment at 44%, and the shale oil segment at 11%.
On 31 October 2024 Eesti Energia will publish its 2024 Q3 results. Introduction of the results for investors will take place on 31 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 415.1 million, -0.2% year-on-year, in Q2 2024. Reported group EBITDA was EUR 153.5 million (+42.5% year-on-year), while adjusted EBITDA* was at EUR 158.9 million (+37.4%). The Group's reported net profit was at EUR 103.1 million (+141.6% year-on-year), adjusted net profit at EUR 108.5 million (+114.5%).
On 1 August 2024 Eesti Energia will publish its 2024 Q2 results. Introduction of the results for investors will take place on 1 August at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.
Eesti Energia raised 400 million euros of green hybrid bonds, listed on the London Stock Exchange to support its business and strengthen its financial position. The funds raised will be invested in ongoing and planned projects supporting the development of green energy.
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)...
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.
The sales revenues of Eesti Energia Group amounted to EUR 582.7 million, 2.0% year-on-year, in the first quarter of 2023.
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.
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.
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.
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.
The sales revenues of Eesti Energia Group amounted to EUR 657.1 million, +125.9% year-on-year, in the third quarter of 2022.
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.
The sales revenues of Eesti Energia Group amounted to EUR 416.6 million, +72.8% year-on-year, in the second quarter of 2022.
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.
Eesti Energia Group’s renewable subsidiary Enefit Green has taken final investment decision regarding a 32MW Purtse solar park in Estonia.
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.
Deutsche Bank announces termination of its Tender Offer for
Deutsche Bank announces Tender Offer for
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.