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Latvenergo AS publishes an informative presentation about Latvenergo Group
Emitents Latvenergo, AS (213800DJRB539Q1EMW75)
Veids 2.2. Iekšējā informācija
Valoda EN
Statuss Publicēts
Versija
Datums 2019-06-21 15:41:53
Versijas komentārs
Teksts

Latvenergo AS has prepared and publishes an informative presentation about Latvenergo Group, providing current information about the organizational structure, strategy, operating segments and financial indicators of the Group.

In 2018, in dry and hot weather conditions in Europe, which caused an unexpected rise in electricity prices, the Group efficiently used the advantages of its diversified generation facilities, generating the largest amount of electricity at Latvenergo AS combined heat and power plants since 1990.

In 2018, Latvenergo Group was one of the leading energy traders in the Baltic states. The start of natural gas trade in Lithuania in October 2018 means that Latvenergo now operates in all energy market segments in Latvia, Lithuania and Estonia.

Latvenergo continuously develops new business areas and services, and the latest Elektrumservice is the sale of natural gas to Latvian households from February 2019. The company continues to efficiently develop its operations in the Baltic states by offering its customers Elektrum Solārais (Elektrum Solar) and Elektrum Viedā māja (Elektrum Smart House)products.

In 2018, Latvenergo Group was the most valuable energy company in the Baltics, with the value of its assets amounting to EUR 3.8 billion at the end of the year. For the sixth year in a row, Latvenergo AS received the Platinum category from the Sustainability Index along with the highest overall assessment in the history of its participation.

Additional information:

Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
E-mail: investor.relations@latvenergo.lv

www.latvenergo.lv

About Latvenergo

Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade, electricity distribution services and lease of transmission system assets. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.

Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and seven subsidiaries - Latvijas elektriskie tīkli AS (lease of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.

Pielikumi
Latvenergo presentation_ENG.pdf (2325.53 kB)