For investors

All the necessary information for the investor

Financial statements

  • The sales revenues of Eesti Energia Group amounted to EUR 500.3 million in the first quarter of 2024 -14% vs 2023 Q1
  • Group EBITDA was EUR 127.8 million -28% vs 2023 Q1
  • Group adjusted EBITDA was EUR 137.4 million -32% vs 2023 Q1
  • Group's net profit was EUR 79.1 million -33% vs 2023 Q1
  • Group's adjusted net profit was EUR 88.6 million -38% vs 2023 Q1

Annual Report 2023 (PDF) »

1st quarter interim report (PDF) »

Key financial indicators (XLS) »

Upcoming important dates

1 August 2024

  • 2024 Q2 interim report

3 October 2024

  • 2024 Q3 interim report

27 February 2025

  • 2024 Unaudited Annual Report

Credit ratings and analyses

Moody's 11.06.2024

Baa3

Stable outlook

Additional information (pdf) »


S&P 18.01.2024

BBB-

Negative outlook

Additional information (pdf) »

Financial statements

Financing

As of 31 March 2024, Eesti Energia's debt obligations amounted to 1591 million euros and net debt to EBITDA ratio stood at 3.8x (with adjusted EBITDA at 3.5x). The debt obligations of Eesti Energia included syndicated loan of 600 million euros, loans received from the European Investment Bank in nominal value of 242 million euros, from NIB in nominal value of 170 million euros, from EBRD in nominal value of 6 million euros and loans from commercial banks in the amount of 573 million euros. From group's debt obligations 494 million euros belong to Eesti Energia's renewable subsidiary Enefit Green AS.

The liquidity buffer for the group includes liquid financial assets and undrawn loan facilities. As of 31 March 2024, the amount of undrawn loans amounted to 470 million euros. From this amount loans signed by the parent company Eesti Energia AS amount to 165 million euros, which include revolving credit facilities with commercial banks in the amount of 165 million euros (expiry dates from September 2025 until September 2026). Subsidiary's Enefit Green undisbursed loans amounted to 305 million euros as of 31 March 2024. More information can be found in the 2024 first quarter report.

Since 21 October 2021, Eesti Energia's renewable subsidiary Enefit Green AS is listed on the Nasdaq Tallinn Stock Exchange. More information on Enefit Green's investor website.


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Contacts

Danel Freiberg

Head of Investor Relations and Treasury

Phone: +372 465 2887