Overview

In Q4 2011 Elering's total revenue was EUR 27,8 million, operating profit was EUR 11,8 million and net profit EUR 9,9 million.

Unusually warm winter had a negative impact on the revenues because less electricity was used.

Nevertheless the results improved compared with the Q4 2010. Although the revenue decreased by EUR 2,5 million, the cost decreased even more – by EUR 2,8 million, resulting in the growth of net profit by EUR 0,3 million.

A significant increase in the investment activity occurred in Q4 – cash flow for purchasing fixed assets was EUR 25,1 million (EUR 7,8 million in Q4 2010).

It is also important to notice that the weather conditions in Estonia in the the first and fourth quarter of the year cause increased electricity consumption and it also affects Elering’s financial results.