View Financial HealthEnefit Green 배당 및 자사주 매입배당 기준 점검 0/6Enefit Green 현재 배당금을 지급하지 않습니다.핵심 정보0%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률0%배당 성장률-60.8%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향0%최근 배당 및 자사주 매입 업데이트Declared Dividend • Jun 06Dividend reduced to €0.10Dividend of €0.10 is 50% lower than last year. Ex-date: 10th June 2024 Payment date: 18th June 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.모든 업데이트 보기Recent updates공시 • May 26Enefit Green AS, Annual General Meeting, Jun 26, 2025Enefit Green AS, Annual General Meeting, Jun 26, 2025, at 16:00 FLE Standard Time. Location: at enefit green head office lelle 22, tallinn, Estonia공시 • May 14Eesti Energia AS completed the acquisition of 20.03% stake in Enefit Green AS (TLSE:EGR1T) for approximately €180 million.Eesti Energia AS proposed to acquire remaining 22.83% stake in Enefit Green AS (TLSE:EGR1T) for approximately €210 million on March 27, 2025. A cash consideration valued at €3.4 per share will be paid by Eesti Energia AS. Eesti Energia AS pays the purchase price in full from their own resources. As part of consideration, an undisclosed value is paid towards common equity of Enefit Green AS. Upon completion, Eesti Energia AS will own 100% stake in Enefit Green AS. The goal is to increase Eesti Energia's shareholding in Enefit Green to at least 90%, which would allow them to initiate a squeeze-out process for the remaining shares and delist Enefit Green from the Nasdaq Tallinn Stock Exchange. This would simplify management and reduce reporting obligations. This is contingent upon regulatory approval. As of April 7, 2025, the prospectus and the bid notice received approval from the Financial Supervision Authority. As of April 21, 2025, The opinion of the Supervisory Board of Enefit Green AS ("Supervisory Board") has been prepared. All members of the Supervisory Board are on the opinion that the Bid does not have any negative impact for the interests of Enefit Green. There are no foreseeable immediate or direct impacts to Enefit Green's employment relationships with employees in relation to the Bid, however, it can not be ruled out, that due to integration of the internal processes, existing positions and employment relationships will also need to be changed. Eesti Energia AS completed the acquisition of 20.03% stake in Enefit Green AS (TLSE:EGR1T) on May 12, 2025. During the offer period 52,940,905 shares were tendered. After completion of offer, Eesti Energia AS now owns 256,872,310 Shares that amounts to 97.2%.공시 • Apr 09Eesti Energia Launches Takeover Bid for Enefit Green's Shares and Plans to Delist stock from the Nasdaq Tallinn Stock ExchangeEesti Energia AS has launched a voluntary takeover bid for the shares not already held in subsidiary Enefit Green AS, planning to delist the renewables developer’s stock from the Nasdaq Tallinn Stock Exchange. With the bid, Eesti Energia aims to lift its shareholding in Enefit Green to at least 90% from the current 77.17%. The company said on April 7, 2025 it has offered EUR 3.40 (USD 3.72) per share for the remaining 22.83% of Enefit Green. It will target at least 33.92 million shares in order for its bid to be successful, and if this happens, it will buy out the remaining stock of the renewables company. Bidding for Enefit Green stock will be held between April 8 and May 12. Results from it will be available around May 14 and the settlement is scheduled for May 16.Reported Earnings • Apr 07Full year 2024 earnings released: EPS: €0.27 (vs €0.21 in FY 2023)Full year 2024 results: EPS: €0.27 (up from €0.21 in FY 2023). Revenue: €207.9m (down 8.4% from FY 2023). Net income: €70.3m (up 26% from FY 2023). Profit margin: 34% (up from 25% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.2% decline forecast for the Renewable Energy industry in Germany.공시 • Mar 28+ 1 more updateEesti Energia Prepares to Launch Voluntary Takeover Bid for Enefit GreenEstonian energy company Eesti Energia AS said on March 27, 2025 it plans to kick off a voluntary takeover bid for the shares it does not already own in renewables developer Enefit Green AS (TLSE:EGR1T), aiming to build a stake of at least 90%. Government-owned Eesti Energia intends to make a bid of EUR 3.4 (USD 3.67) per share, representing a 27% premium over the average market price of Enefit Green’s shares for the past three months. Subject to being authorised by the Estonian Financial Supervision and Resolution Authority (EFSA), the EUR 200 million offer will start on April 8 and close on May 12. The settlement is scheduled for May 16. With the move, Eesti Energia seeks to become a unified and strong entity. “By merging the production capacities of dispatchable generation and renewables, we can offer more competitive electricity pricing, increase profitability, and restore investment capacity," said Andrus Durejko, chairman of the management board of Eesti Energia. Enefit Green has over 1.1 GW of installed capacity in Estonia, Latvia, Lithuania, Poland, and Finland, according to its website. Provided that Eesti Energia acquires at least 90% of all Enefit Green shares during the voluntary takeover bid, the remaining stock will be acquired in exchange for monetary compensation. In conjunction with the takeover offer, upon closing Eesti Energia also plans to initiate a public bondsale among retail investors. The bonds will be traded on the Baltic stock exchange.Reported Earnings • Mar 02Full year 2024 earnings released: EPS: €0.27 (vs €0.21 in FY 2023)Full year 2024 results: EPS: €0.27 (up from €0.21 in FY 2023). Revenue: €220.9m (down 2.7% from FY 2023). Net income: €70.3m (up 26% from FY 2023). Profit margin: 32% (up from 25% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 7.8% decline forecast for the Renewable Energy industry in Germany.New Risk • Feb 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.공시 • Feb 20Sumitomo Corporation (TSE:8053) signed an agreement to acquire 50% stake in Liivi Offshore OÜ from Enefit Green AS (TLSE:EGR1T).Sumitomo Corporation (TSE:8053) signed an agreement to acquire 50% stake in Liivi Offshore OÜ from Enefit Green AS (TLSE:EGR1T) on February 19, 2025. The transaction is subject to approval from the Estonian Consumer Protection and Technical Regulatory Authority.공시 • Dec 31Enefit Green AS to Report Q1, 2025 Results on May 08, 2025Enefit Green AS announced that they will report Q1, 2025 results on May 08, 2025공시 • Dec 30+ 3 more updatesEnefit Green AS to Report Q3, 2025 Results on Oct 30, 2025Enefit Green AS announced that they will report Q3, 2025 results on Oct 30, 2025공시 • Dec 19Enefit Green AS Elects Karin Madisson as Member of Supervisory BoardEnefit Green AS at its extraordinary general meeting of the shareholders held on 19 December 2024, approved election of Karin Madisson as a member of the Supervisory Board, with a mandate for a term of 3 years effective from 19 December 2024.공시 • Dec 12Enefit Green AS Announces Board ChangesAndres Maasing, Member of the Management Board and Head of Development at Enefit Green, will resign at his own request on 4 March 2025. Enefit Green's Management Board currently consists of three members – Juhan Aguraiuja, Chairman of the Management Board, Innar Kaasik, Member of the Management Board responsible for production, and Andres Maasing, responsible for developments. On 31 January 2025, Argo Rannamets will start his tenure as a Member of the Management Board.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €2.63, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 24x in the Renewable Energy industry in Germany.New Risk • Nov 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: €0.021 (vs €0.019 in 3Q 2023)Third quarter 2024 results: EPS: €0.021 (up from €0.019 in 3Q 2023). Revenue: €43.5m (flat on 3Q 2023). Net income: €5.45m (up 8.4% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Renewable Energy industry in Germany.공시 • Oct 30+ 1 more updateEnefit Green AS Announces Board AppointmentsThe Supervisory Board of Enefit Green AS has appointed Argo Rannamets as a Member of the Management Board. His three-year term begins January 31, 2025. Argo Rannamets has over 20 years of experience in finance. Since November 2023, he has served as a board member and CFO of Ekspress Group. From 2021 to 2023, he co-founded the startup KWOTA, which provides carbon offsetting mechanisms. Between 2010 and 2021, he worked at the waste management group Ragn-Sells, where he held the role of the CFO for the Estonian operations and managed various business units across Eastern Europe and Sweden at the group level. The Management Board of Enefit Green also includes Juhan Aguraiuja, Chairman of the Management Board, Innar Kaasik, responsible for production, and Andres Maasing, responsible for developments. Rannamets holds a master’s degree in Financial and Management Accounting from Tallinn University of Technology. He serves on the management boards of Leven Nordic OÜ, Magere OÜ, Samsala OÜ, and AS Ekspress Grupp and is a supervisory board member of Delfi Meedia AS and AS Õhtuleht Kirjastus.공시 • Sep 25Enefit Green AS Announces Changes in Its Management BoardVeiko Räim's mandate as a Member of the Management Board and CFO of Enefit Green expired on 24 September 2024. The process of selecting a new board member is ongoing. Until the new CEO Juhan Aguraiuja takes office on 14 October 2024, the Management Board of Enefit Green will continue to work with two members on a temporary basis. In addition to interim CEO Andres Maasing, the Management Board also includes Innar Kaasik, who is responsible for production and asset management.Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: €0.015 (vs €0.004 in 2Q 2023)Second quarter 2024 results: EPS: €0.015 (up from €0.004 in 2Q 2023). Revenue: €38.3m (down 6.5% from 2Q 2023). Net income: €3.94m (up 246% from 2Q 2023). Profit margin: 10% (up from 2.8% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Renewable Energy industry in Germany.공시 • Jun 28+ 1 more updateEnefit Green AS Announces Veiko Räim Decides Not to Seek Another Term After His Mandate EndsEnefit Green AS announced Veiko Räim, has decided not to seek another term after his mandate ends. Räim's contract is valid until September 24. He has been a member of the Management Board and CFO of Enefit Green since 2017.Declared Dividend • Jun 06Dividend reduced to €0.10Dividend of €0.10 is 50% lower than last year. Ex-date: 10th June 2024 Payment date: 18th June 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 06Full year 2023 earnings released: EPS: €0.21 (vs €0.42 in FY 2022)Full year 2023 results: EPS: €0.21 (down from €0.42 in FY 2022). Revenue: €227.0m (down 11% from FY 2022). Net income: €55.8m (down 49% from FY 2022). Profit margin: 25% (down from 43% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Renewable Energy industry in Germany.공시 • Apr 04Aavo Kärmas to Resign as Chairman of the Management Board of Enefit Green AS, Effective 1 July 2024Enefit Green AS announced that Aavo Kärmas, Chairman of the Management Board of the company, will resign in agreement with the Supervisory Board as of 1 July 2024. In near future, the supervisory board will start the recruitment process for a new chairman of the management board. Aavo Kärmas' mandate as a member of the management board and chairman of Enefit Green commenced on 5 July 2017. In addition to Aavo Kärmas, the Management Board of Enefit Green includes Innar Kaasik (responsible for production), Veiko Räim (responsible for finance) and Andres Maasing (responsible for developments).New Risk • Mar 06New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Shares are highly illiquid. High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (24% net profit margin).공시 • Mar 02OÜ Utilitas completed the acquisition of district heating operations of Paide and Valka of Enefit Green.OÜ Utilitas entered into a sale and purchase agreement to acquire district heating operations of Paide and Valka of Enefit Green for a transaction valued at €15.8 million on November 28, 2023. Nothing will change for the employees, customers, and partners of Paide and Valka district heating companies before the transaction officially takes effect. After the transfer of assets, the companies will continue their current activities as part of the Utilitas group. All services will continue to be provided and all employees of the companies will be transferred to Utilitas. The completion of the transaction is subject to approval from the Estonian and Latvian competition authorities. AS LHV Pank acted as financial advisor, KPMG Baltics OÜ acted as financial due diligence provider, Tark Grunte Sutkiene acted as legal advisor to Enefit Green. Superia Corporate Finance acted as financial advisor, TRINITI acted as legal advisor to Utilitas.OÜ Utilitas completed the acquisition of district heating operations of Paide and Valka of Enefit Green on March 1, 2024.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: €0.21 (vs €0.42 in FY 2022)Full year 2023 results: EPS: €0.21 (down from €0.42 in FY 2022). Revenue: €230.1m (down 10% from FY 2022). Net income: €55.8m (down 49% from FY 2022). Profit margin: 24% (down from 43% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Renewable Energy industry in Germany.공시 • Dec 29+ 3 more updatesEnefit Green AS to Report Q2, 2024 Results on Aug 01, 2024Enefit Green AS announced that they will report Q2, 2024 results on Aug 01, 2024지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 I6B 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: I6B 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Enefit Green 배당 수익률 vs 시장I6B의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (I6B)0%시장 하위 25% (DE)1.5%시장 상위 25% (DE)4.5%업계 평균 (Renewable Energy)2.2%분석가 예측 (I6B) (최대 3년)0%주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 I6B 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 I6B 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: I6B German 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: I6B 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/08/04 02:40종가2025/05/08 00:00수익2025/03/31연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Enefit Green AS는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Piotr DzieciolowskiCitigroup IncPetr BartekErste Group Bank AG
Declared Dividend • Jun 06Dividend reduced to €0.10Dividend of €0.10 is 50% lower than last year. Ex-date: 10th June 2024 Payment date: 18th June 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 26Enefit Green AS, Annual General Meeting, Jun 26, 2025Enefit Green AS, Annual General Meeting, Jun 26, 2025, at 16:00 FLE Standard Time. Location: at enefit green head office lelle 22, tallinn, Estonia
공시 • May 14Eesti Energia AS completed the acquisition of 20.03% stake in Enefit Green AS (TLSE:EGR1T) for approximately €180 million.Eesti Energia AS proposed to acquire remaining 22.83% stake in Enefit Green AS (TLSE:EGR1T) for approximately €210 million on March 27, 2025. A cash consideration valued at €3.4 per share will be paid by Eesti Energia AS. Eesti Energia AS pays the purchase price in full from their own resources. As part of consideration, an undisclosed value is paid towards common equity of Enefit Green AS. Upon completion, Eesti Energia AS will own 100% stake in Enefit Green AS. The goal is to increase Eesti Energia's shareholding in Enefit Green to at least 90%, which would allow them to initiate a squeeze-out process for the remaining shares and delist Enefit Green from the Nasdaq Tallinn Stock Exchange. This would simplify management and reduce reporting obligations. This is contingent upon regulatory approval. As of April 7, 2025, the prospectus and the bid notice received approval from the Financial Supervision Authority. As of April 21, 2025, The opinion of the Supervisory Board of Enefit Green AS ("Supervisory Board") has been prepared. All members of the Supervisory Board are on the opinion that the Bid does not have any negative impact for the interests of Enefit Green. There are no foreseeable immediate or direct impacts to Enefit Green's employment relationships with employees in relation to the Bid, however, it can not be ruled out, that due to integration of the internal processes, existing positions and employment relationships will also need to be changed. Eesti Energia AS completed the acquisition of 20.03% stake in Enefit Green AS (TLSE:EGR1T) on May 12, 2025. During the offer period 52,940,905 shares were tendered. After completion of offer, Eesti Energia AS now owns 256,872,310 Shares that amounts to 97.2%.
공시 • Apr 09Eesti Energia Launches Takeover Bid for Enefit Green's Shares and Plans to Delist stock from the Nasdaq Tallinn Stock ExchangeEesti Energia AS has launched a voluntary takeover bid for the shares not already held in subsidiary Enefit Green AS, planning to delist the renewables developer’s stock from the Nasdaq Tallinn Stock Exchange. With the bid, Eesti Energia aims to lift its shareholding in Enefit Green to at least 90% from the current 77.17%. The company said on April 7, 2025 it has offered EUR 3.40 (USD 3.72) per share for the remaining 22.83% of Enefit Green. It will target at least 33.92 million shares in order for its bid to be successful, and if this happens, it will buy out the remaining stock of the renewables company. Bidding for Enefit Green stock will be held between April 8 and May 12. Results from it will be available around May 14 and the settlement is scheduled for May 16.
Reported Earnings • Apr 07Full year 2024 earnings released: EPS: €0.27 (vs €0.21 in FY 2023)Full year 2024 results: EPS: €0.27 (up from €0.21 in FY 2023). Revenue: €207.9m (down 8.4% from FY 2023). Net income: €70.3m (up 26% from FY 2023). Profit margin: 34% (up from 25% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.2% decline forecast for the Renewable Energy industry in Germany.
공시 • Mar 28+ 1 more updateEesti Energia Prepares to Launch Voluntary Takeover Bid for Enefit GreenEstonian energy company Eesti Energia AS said on March 27, 2025 it plans to kick off a voluntary takeover bid for the shares it does not already own in renewables developer Enefit Green AS (TLSE:EGR1T), aiming to build a stake of at least 90%. Government-owned Eesti Energia intends to make a bid of EUR 3.4 (USD 3.67) per share, representing a 27% premium over the average market price of Enefit Green’s shares for the past three months. Subject to being authorised by the Estonian Financial Supervision and Resolution Authority (EFSA), the EUR 200 million offer will start on April 8 and close on May 12. The settlement is scheduled for May 16. With the move, Eesti Energia seeks to become a unified and strong entity. “By merging the production capacities of dispatchable generation and renewables, we can offer more competitive electricity pricing, increase profitability, and restore investment capacity," said Andrus Durejko, chairman of the management board of Eesti Energia. Enefit Green has over 1.1 GW of installed capacity in Estonia, Latvia, Lithuania, Poland, and Finland, according to its website. Provided that Eesti Energia acquires at least 90% of all Enefit Green shares during the voluntary takeover bid, the remaining stock will be acquired in exchange for monetary compensation. In conjunction with the takeover offer, upon closing Eesti Energia also plans to initiate a public bondsale among retail investors. The bonds will be traded on the Baltic stock exchange.
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: €0.27 (vs €0.21 in FY 2023)Full year 2024 results: EPS: €0.27 (up from €0.21 in FY 2023). Revenue: €220.9m (down 2.7% from FY 2023). Net income: €70.3m (up 26% from FY 2023). Profit margin: 32% (up from 25% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 7.8% decline forecast for the Renewable Energy industry in Germany.
New Risk • Feb 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
공시 • Feb 20Sumitomo Corporation (TSE:8053) signed an agreement to acquire 50% stake in Liivi Offshore OÜ from Enefit Green AS (TLSE:EGR1T).Sumitomo Corporation (TSE:8053) signed an agreement to acquire 50% stake in Liivi Offshore OÜ from Enefit Green AS (TLSE:EGR1T) on February 19, 2025. The transaction is subject to approval from the Estonian Consumer Protection and Technical Regulatory Authority.
공시 • Dec 31Enefit Green AS to Report Q1, 2025 Results on May 08, 2025Enefit Green AS announced that they will report Q1, 2025 results on May 08, 2025
공시 • Dec 30+ 3 more updatesEnefit Green AS to Report Q3, 2025 Results on Oct 30, 2025Enefit Green AS announced that they will report Q3, 2025 results on Oct 30, 2025
공시 • Dec 19Enefit Green AS Elects Karin Madisson as Member of Supervisory BoardEnefit Green AS at its extraordinary general meeting of the shareholders held on 19 December 2024, approved election of Karin Madisson as a member of the Supervisory Board, with a mandate for a term of 3 years effective from 19 December 2024.
공시 • Dec 12Enefit Green AS Announces Board ChangesAndres Maasing, Member of the Management Board and Head of Development at Enefit Green, will resign at his own request on 4 March 2025. Enefit Green's Management Board currently consists of three members – Juhan Aguraiuja, Chairman of the Management Board, Innar Kaasik, Member of the Management Board responsible for production, and Andres Maasing, responsible for developments. On 31 January 2025, Argo Rannamets will start his tenure as a Member of the Management Board.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €2.63, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 24x in the Renewable Energy industry in Germany.
New Risk • Nov 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: €0.021 (vs €0.019 in 3Q 2023)Third quarter 2024 results: EPS: €0.021 (up from €0.019 in 3Q 2023). Revenue: €43.5m (flat on 3Q 2023). Net income: €5.45m (up 8.4% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Renewable Energy industry in Germany.
공시 • Oct 30+ 1 more updateEnefit Green AS Announces Board AppointmentsThe Supervisory Board of Enefit Green AS has appointed Argo Rannamets as a Member of the Management Board. His three-year term begins January 31, 2025. Argo Rannamets has over 20 years of experience in finance. Since November 2023, he has served as a board member and CFO of Ekspress Group. From 2021 to 2023, he co-founded the startup KWOTA, which provides carbon offsetting mechanisms. Between 2010 and 2021, he worked at the waste management group Ragn-Sells, where he held the role of the CFO for the Estonian operations and managed various business units across Eastern Europe and Sweden at the group level. The Management Board of Enefit Green also includes Juhan Aguraiuja, Chairman of the Management Board, Innar Kaasik, responsible for production, and Andres Maasing, responsible for developments. Rannamets holds a master’s degree in Financial and Management Accounting from Tallinn University of Technology. He serves on the management boards of Leven Nordic OÜ, Magere OÜ, Samsala OÜ, and AS Ekspress Grupp and is a supervisory board member of Delfi Meedia AS and AS Õhtuleht Kirjastus.
공시 • Sep 25Enefit Green AS Announces Changes in Its Management BoardVeiko Räim's mandate as a Member of the Management Board and CFO of Enefit Green expired on 24 September 2024. The process of selecting a new board member is ongoing. Until the new CEO Juhan Aguraiuja takes office on 14 October 2024, the Management Board of Enefit Green will continue to work with two members on a temporary basis. In addition to interim CEO Andres Maasing, the Management Board also includes Innar Kaasik, who is responsible for production and asset management.
Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: €0.015 (vs €0.004 in 2Q 2023)Second quarter 2024 results: EPS: €0.015 (up from €0.004 in 2Q 2023). Revenue: €38.3m (down 6.5% from 2Q 2023). Net income: €3.94m (up 246% from 2Q 2023). Profit margin: 10% (up from 2.8% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Renewable Energy industry in Germany.
공시 • Jun 28+ 1 more updateEnefit Green AS Announces Veiko Räim Decides Not to Seek Another Term After His Mandate EndsEnefit Green AS announced Veiko Räim, has decided not to seek another term after his mandate ends. Räim's contract is valid until September 24. He has been a member of the Management Board and CFO of Enefit Green since 2017.
Declared Dividend • Jun 06Dividend reduced to €0.10Dividend of €0.10 is 50% lower than last year. Ex-date: 10th June 2024 Payment date: 18th June 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 06Full year 2023 earnings released: EPS: €0.21 (vs €0.42 in FY 2022)Full year 2023 results: EPS: €0.21 (down from €0.42 in FY 2022). Revenue: €227.0m (down 11% from FY 2022). Net income: €55.8m (down 49% from FY 2022). Profit margin: 25% (down from 43% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Renewable Energy industry in Germany.
공시 • Apr 04Aavo Kärmas to Resign as Chairman of the Management Board of Enefit Green AS, Effective 1 July 2024Enefit Green AS announced that Aavo Kärmas, Chairman of the Management Board of the company, will resign in agreement with the Supervisory Board as of 1 July 2024. In near future, the supervisory board will start the recruitment process for a new chairman of the management board. Aavo Kärmas' mandate as a member of the management board and chairman of Enefit Green commenced on 5 July 2017. In addition to Aavo Kärmas, the Management Board of Enefit Green includes Innar Kaasik (responsible for production), Veiko Räim (responsible for finance) and Andres Maasing (responsible for developments).
New Risk • Mar 06New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Shares are highly illiquid. High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (24% net profit margin).
공시 • Mar 02OÜ Utilitas completed the acquisition of district heating operations of Paide and Valka of Enefit Green.OÜ Utilitas entered into a sale and purchase agreement to acquire district heating operations of Paide and Valka of Enefit Green for a transaction valued at €15.8 million on November 28, 2023. Nothing will change for the employees, customers, and partners of Paide and Valka district heating companies before the transaction officially takes effect. After the transfer of assets, the companies will continue their current activities as part of the Utilitas group. All services will continue to be provided and all employees of the companies will be transferred to Utilitas. The completion of the transaction is subject to approval from the Estonian and Latvian competition authorities. AS LHV Pank acted as financial advisor, KPMG Baltics OÜ acted as financial due diligence provider, Tark Grunte Sutkiene acted as legal advisor to Enefit Green. Superia Corporate Finance acted as financial advisor, TRINITI acted as legal advisor to Utilitas.OÜ Utilitas completed the acquisition of district heating operations of Paide and Valka of Enefit Green on March 1, 2024.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: €0.21 (vs €0.42 in FY 2022)Full year 2023 results: EPS: €0.21 (down from €0.42 in FY 2022). Revenue: €230.1m (down 10% from FY 2022). Net income: €55.8m (down 49% from FY 2022). Profit margin: 24% (down from 43% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Renewable Energy industry in Germany.
공시 • Dec 29+ 3 more updatesEnefit Green AS to Report Q2, 2024 Results on Aug 01, 2024Enefit Green AS announced that they will report Q2, 2024 results on Aug 01, 2024