For investors
Financial statements
- The sales revenues of Eesti Energia Group amounted to EUR 415.1 million in the second quarter of 2024 -0.2% vs 2023 Q2
- Group EBITDA was EUR 153.5 million +42.5% vs 2023 Q2
- Group adjusted EBITDA was EUR 158.9 million +37.4% vs 2023 Q2
- Group's net profit was EUR 103.1 million +141.6% vs 2023 Q2
- Group's adjusted net profit was EUR 108.5 million +114.5% vs 2023 Q2
Upcoming important dates
31 October 2024
- 2024 Q3 interim report
27 February 2025
- 2024 Unaudited Annual Report
2 May 2025
- 2025 Q1 interim report
Credit ratings and analyses
Moody's 11.06.2024
Stable outlook
S&P 18.01.2024
BBB-
Negative outlook
Financial statements
Financing
As of 30 June 2024, Eesti Energia's debt obligations amounted to 1605 million euros and net debt to EBITDA ratio stood at 3.2x (with adjusted EBITDA at 3.0x). The debt obligations of Eesti Energia included syndicated loan of 600 million euros, loans received from the European Investment Bank in nominal value of 240 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 589 million euros. From group's debt obligations 615 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 30 June 2024, the amount of undrawn loans amounted to 505 million euros. From this amount loans signed by the parent company Eesti Energia AS amount to 270 million euros, which include revolving credit facilities with commercial banks in the amount of 270 million euros (expiry dates from September 2025 until September 2026). Subsidiary's Enefit Green undisbursed loans amounted to 235 million euros as of 30 June 2024. More information can be found in the 2024 second 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.
ESG
Bonds
| Bond | Eurobond |
|---|---|
| Type | Perpetual Sub-ordinated Capital Securities |
| ISIN | XS2824761188 |
| Volume | 400 mln euros |
| Coupon rate | 7,875% |
| Coupon payment | Annually |
| Issue date | 15.07.2024 |
| Maturity | Perpetual, first call date 15.07.2029 |
| Organizers | Goldman Sachs Bank Europe SE and AS LHV Pank |
| Listed | London Stock Exchange |
Contact
Danel Freiberg
Head of Treasury and Financial Risk Management
Email:
[email protected]Phone:
+372 5594 3838