For investors

Sun and wind working for your portfolio

Sustainable and responsible tomorrow

We wish to become the fastest growing renewable energy company in the region, providing environmentally friendly energy and helping to make the world a cleaner place. This is our way to make a significant contribution to the development of renewable energy in the region and to meeting national climate targets.

Q1 2022 results:

Group total
revenues
EBITDA Net profit
+58% +75% +124%

General meeting of the shareholders and dividends

General meeting of the shareholders is the highest governing body of Enefit Green, which among other important matters decides the approval of the annual report and allocation of profit (including dividends).

The annual general meeting takes place once a year, within six months after the end of the group’s financial year. The general meeting is called by the management board of the company at least three weeks before the general meeting date. The agenda for the general meeting is approved by the supervisory board of the company.

The date of establishing of the list of shareholders entitled to receive dividends and the dividend payment date will be included in the materials presented to the general meeting. These dates will timing wise be following the date of the general meeting.

Notice of calling the annual general meeting of shareholders of Enefit Green AS:  ENG »


Financial statements


First quarter of 2022

Strong electricity and heat production figures in combination with high electricity prices helped us deliver excellent financial performance. The group’s total revenues amounted to €66.7m (+58% compared with a year earlier), EBITDA was €45.6m (+75%) and net profit was €34.9m (+124%).

Group total revenues EBITDA Net profit
+58% +75% +124%

Fourth quarter of 2021

Group total revenues EBITDA Net profit
+57% +77% +142%

Third quarter of 2021

Group total revenues EBITDA Net profit
+32% +66% +270%

Results for the financial year 2022

Clear goals and a strong team are the cornerstones of excellent performance. I am pleased to report that in 2021 the financial results of the Enefit Green group improved significantly compared with a year earlier. Despite slightly lower production volume, operating income grew by 13%. EBITDA, which is one of our key performance indicators, increased by around 10% to €121.5m and net profit grew by 17% to €79.7m.

Group total revenues EBITDA Net profit
+13% +10% +17%

Analyst recommendations and contacts


Shareholder structure

as of 31.12.2021


Eesti Energia 77.2%

Other inst. investors 4.4%

EBRD 1.5%

Baltic pension funds 2.3%

Retail investors 14.6%

Suurendame tootmisvõimsust

Increasing production capacity

Our target is to increase our production capacity 2.3-fold by 2025.

Rohkem rohelist energiat

More green energy

By 2025, we aim to be able to cover the annual electricity needs of 890,000 households with the green electricity we produce.

Pikk kogemus

Long-term experience

We have nearly 20 years of experience in the development of renewable energy.

Täidame kasvavat nõudlust

Meeting the growing demand

A strategic partnership with our parent company allows to bring green electricity to a large number of consumers and thus hedge the risks when making investment decisions for new developments.

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Contact

Sven Kunsing

Sven Kunsing

Head of Financial Relations

Tel: +372 51 06 903

investor@enefitgreen.ee


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