Elering AS
Active Registry code 11022625
AS Tallinn Registered 24 Mar 2004
Elering AS is a AS based in Tallinn, registry code 11022625, status: active. Main activity: Trade of electricity. According to EMTA, turnover for Q3 2026 was €201 284 324 with 349 employees.
Turnover
201 284 324 €
↑ 19.3% vs Q2 2026
State taxes
3 538 669 €
↓ 73.5% vs Q2 2026
Labour taxes
2 423 284 €
↓ 25.2% vs Q2 2026
Employees
349
−9 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 201.3 mn €above 98% of companiesindustry median 3 039 € · companies in the industry: 735
- Labour taxes per employee 6 944 €above 87% of companiesindustry median 2 710 € · companies in the industry: 179
- Revenue · 2025 300.5 mn €above 98% of companiesindustry median 3 747 € · companies in the industry: 1 008
- Net profit margin · 2025 7.2 %above 54% of companiesindustry median 3.6 % · companies in the industry: 693
Taxes and turnover
- Company
- Industry median
Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 201 284 324 | 3 538 669 | 2 423 284 | 349 |
| Q2 2026 | 168 774 087 | 13 356 363 | 3 238 504 | 358 |
| Q1 2026 | 223 600 106 | 11 173 534 | 2 251 988 | 350 |
| Q4 2025 | 230 982 276 | 4 272 361 | 2 313 936 | 340 |
| Q3 2025 | 139 167 117 | 3 480 857 | 2 317 520 | 338 |
| Q2 2025 | 168 452 449 | 8 581 130 | 3 227 487 | 338 |
| Q1 2025 | 173 614 883 | 7 322 447 | 2 125 767 | 324 |
| Q4 2024 | 146 229 670 | 4 502 823 | 1 976 733 | 322 |
| Q3 2024 | 134 961 652 | 6 490 946 | 2 036 916 | 317 |
| Q2 2024 | 102 711 671 | 2 968 619 | 2 594 732 | 313 |
| Q1 2024 | 138 339 380 | 6 748 727 | 1 790 055 | 302 |
| Q4 2023 | 185 409 981 | 1 550 705 | 1 060 112 | 295 |
| Q3 2023 | 142 241 466 | 4 732 279 | 1 772 051 | 295 |
| Q2 2023 | 152 634 654 | 14 208 803 | 2 349 313 | 294 |
| Q1 2023 | 180 666 500 | 10 971 341 | 1 500 910 | 283 |
| Q4 2022 | 251 012 952 | 5 235 866 | 1 366 333 | 277 |
| Q3 2022 | 280 304 255 | 2 599 092 | 1 406 633 | 273 |
| Q2 2022 | 179 195 170 | 6 380 684 | 1 893 455 | 268 |
| Q1 2022 | 169 559 929 | 13 378 690 | 1 948 881 | 264 |
Labour taxes per employee per month
2 315 €
Turnover per employee in the quarter
576 746 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 300 514 000 | 21 742 000 | 18 863 000 | 1 696 668 000 | 460 781 000 | 326 |
| 2024 | 214 282 000 | 15 659 000 | 16 932 000 | 1 619 222 000 | 409 698 000 | 309 |
| 2023 | 244 748 000 | 28 037 000 | 15 050 000 | 1 467 766 000 | 414 039 000 | 287 |
| 2022 | 386 975 000 | 17 414 000 | 13 304 000 | 1 460 943 000 | 399 503 000 | 262 |
| 2021 | 201 457 000 | 5 108 000 | 11 222 000 | 1 182 854 000 | 382 088 000 | 253 |
| 2020 | 137 068 000 | 25 302 000 | 10 970 000 | 1 075 736 000 | 386 968 000 | 234 |
| 2019 | 141 306 000 | 32 887 000 | 9 559 000 | 1 024 356 000 | 388 267 000 | 246 |
| 2018 | — | — | — | — | — | 221 |
| 2017 | — | — | — | — | — | 214 |
| 2016 | — | — | — | — | — | 231 |
| 2015 | — | — | — | — | — | 146 |
| 2014 | — | — | — | — | — | 146 |
| 2013 | — | — | — | — | — | 147 |
| 2012 | — | — | — | — | — | 145 |
| 2011 | — | — | — | — | — | 146 |
| 2010 | — | — | — | — | — | 139 |
| 2009 | — | — | — | — | — | 128 |
| 2008 | — | — | — | — | — | 127 |
| 2007 | — | — | — | — | — | 134 |
| 2006 | — | — | — | — | — | 140 |
| 2005 | — | — | — | — | — | 142 |
Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.
Financial ratios for 2025
Net profit margin
7.2 %
Net profit / revenue
Return on equity (ROE)
4.7 %
Net profit / equity
Return on assets (ROA)
1.3 %
Net profit / assets
Equity ratio
27.2 %
Equity / assets
Debt ratio
72.8 %
Liabilities / assets
Current ratio
1.40
Current assets / current liabilities
Revenue per employee
921 822 €
Revenue / average full-time employees
Labour cost per employee per month
4 822 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 12 Apr 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 2 May 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 4 Jun 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 15 May 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 16 Jun 2022 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 11 Apr 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 12 Jun 2020 | Company’s own · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Kalle KilkBoard member · since 13 Feb 2007
- Erkki SappBoard member · since 4 Jul 2023
- Reigo KebjaBoard member · since 5 Feb 2024
- Kristel AarnaBoard member · since 21 Oct 2026
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 33.33%
Beneficial owners
- Veiko HaavapuuMember of a senior management body (management or supervisory board) · since 2 Jul 2026
- Andres SuttRight to appoint or remove most of the management · since 2 May 2025
- Merike SaksMember of a senior management body (management or supervisory board) · since 2 May 2025
- Gunnar OkkMember of a senior management body (management or supervisory board) · since 24 Oct 2024
- Jaanus UigaMember of a senior management body (management or supervisory board) · since 24 Oct 2024
- Sirli MänniksaarMember of a senior management body (management or supervisory board) · since 24 Oct 2024
- Reigo KebjaMember of a senior management body (management or supervisory board) · since 12 Apr 2024
- Erkki SappMember of a senior management body (management or supervisory board) · since 16 Nov 2023
- Riina KäiMember of a senior management body (management or supervisory board) · since 1 Apr 2020
- Kalle KilkMember of a senior management body (management or supervisory board) · since 18 Oct 2018
Founders and other persons
- Eesti Energia AktsiaseltsFounder · 2 000 000 € · 24 Mar 2004
- Aktsiaselts PricewaterhouseCoopersAudit firm · 20 Oct 2015
- Gunnar OkkChairman of the supervisory board · 4 Mar 2024
- Sirli MänniksaarSupervisory board member · 4 Mar 2024
- Jaanus UigaSupervisory board member · 9 Oct 2024
- Merike SaksSupervisory board member · 14 Mar 2025
- Veiko HaavapuuSupervisory board member · 15 May 2026
- Omanikukonto: KLIIMAMINISTEERIUMShareholder · 274 890 000 € · 13 Jan 2026
Related companies
Activities (EMTAK)
- 35151Trade of electricity Main
- 35131Transmission of electricity
- 35221Distribution of gaseous fuels through mains
- 35231Trade of gas through mains
- 47799Retail sale of other second-hand goods
- 68201Rental and operating of own or leased real estate
- 77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.
- 82991Other business support service activities n.e.c.
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10078381 / 37 21 Oct 2026 |
Amendment entry | In force 21 Oct 2026 |
||
| Ä 10078381 / M18 6 Oct 2026 |
Ruling to eliminate deficiencies | 21 Oct 2026 | Deficiencies eliminated 21 Oct 2026 |
|
| Ä 10078381 / M17 18 Sep 2026 |
Refund of the state fee | In force 18 Sep 2026 |
||
| Ä 10078381 / M16 18 Sep 2026 |
Procedural ruling | In force 18 Sep 2026 |
||
| Ä 10078381 / 36 19 Aug 2026 |
Amendment entry | In force 19 Aug 2026 |
||
| Ä 10078381 / 35 15 Apr 2026 |
Amendment entry | In force 15 Apr 2026 |
||
| Ä 10078381 / 34 8 Jan 2026 |
Amendment entry | In force 8 Jan 2026 |
||
| Ä 10078381 / M15 5 Jan 2026 |
Ruling to eliminate deficiencies | 20 Jan 2026 | Deficiencies eliminated 8 Jan 2026 |
|
| Ä 10078381 / M14 1 Mar 2024 |
Ruling to correct data outside an entry | 15 Mar 2024 | Deficiencies eliminated 11 Mar 2024 |
|
| Ä 10078381 / 33 6 Feb 2024 |
Amendment entry | In force 6 Feb 2024 |
||
| Ä 10078381 / 32 5 Feb 2024 |
Amendment entry | In force 5 Feb 2024 |
||
| Ä 10078381 / 31 4 Jul 2023 |
Amendment entry | In force 4 Jul 2023 |
||
| Ä 10078381 / M13 30 Jun 2023 |
Ruling to eliminate deficiencies | 23 Jul 2023 | Deficiencies eliminated 4 Jul 2023 |
|
| Ä 10078381 / 30 27 Jun 2023 |
Amendment entry | In force 27 Jun 2023 |
||
| Ä 10078381 / M12 29 May 2020 |
Procedural ruling | 18 Jun 2020 | Deficiencies eliminated 10 Jun 2020 |
|
| Ä 10078381 / 29 3 Jan 2020 |
Amendment entry | In force 3 Jan 2020 |
||
| Ä 10078381 / 28 13 Nov 2019 |
Entry refused: deficiencies not eliminated | In force 9 Dec 2019 |
||
| Ä 10078381 / M11 9 Oct 2019 |
Ruling to eliminate deficiencies | 8 Nov 2019 | In force 9 Oct 2019 |
|
| Ä 10078381 / M10 5 Aug 2019 |
Ruling to correct data outside an entry | 19 Aug 2019 | Deficiencies eliminated 5 Aug 2019 |
|
| Ä 10078381 / 27 6 Apr 2018 |
Amendment entry | In force 6 Apr 2018 |
||
| Ä 10078381 / 26 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10078381 / 25 8 Nov 2017 |
Amendment entry | In force 8 Nov 2017 |
||
| Ä 10078381 / 24 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10078381 / 23 22 Sep 2017 |
Amendment entry | In force 22 Sep 2017 |
||
| Ä 10078381 / M9 12 Jun 2017 |
Ruling to correct data outside an entry | 12 Jul 2017 | In force 12 Jun 2017 |
|
| Ä 10078381 / 22 14 Sep 2016 |
Amendment entry | In force 14 Sep 2016 |
||
| Ä 10078381 / 21 5 Jul 2016 |
Amendment entry | In force 5 Jul 2016 |
||
| Ä 10078381 / M8 20 Jun 2016 |
Ruling to eliminate deficiencies | 20 Jul 2016 | Deficiencies eliminated 28 Jun 2016 |
|
| Ä 10078381 / 20 1 Mar 2016 |
Second (constitutive) merger entry | In force 1 Mar 2016 |
||
| Ä 10078381 / 19 20 Jan 2016 |
Amendment entry | In force 20 Jan 2016 |
||
| Ä 10078381 / M7 29 Dec 2015 |
Ruling to eliminate deficiencies | 28 Jan 2016 | Deficiencies eliminated 20 Jan 2016 |
|
| Ä 10078381 / 18 22 Sep 2011 |
Amendment entry | In force 22 Sep 2011 |
||
| Ä 10078381 / 17 8 Apr 2011 |
Transformation entry without a new registry card | In force 8 Apr 2011 |
||
| Ä 10078381 / 16 31 Dec 2010 |
Amendment entry | In force 31 Dec 2010 |
||
| Ä 10078381 / 15 14 Apr 2010 |
Amendment entry | In force 14 Apr 2010 |
||
| Ä 10078381 / M6 12 Apr 2010 |
Ruling to eliminate deficiencies | 20 May 2010 | In force 12 Apr 2010 |
|
| Ä 10078381 / 14 25 Mar 2010 |
Amendment entry | In force 25 Mar 2010 |
||
| Ä 10078381 / M5 24 Mar 2010 |
Ruling to eliminate deficiencies | 7 Apr 2010 | Deficiencies eliminated 25 Mar 2010 |
|
| Ä 78381 / 13 31 Dec 2009 |
Amendment entry | In force 31 Dec 2009 |
||
| Ä 78381 / M4 16 Dec 2009 |
Refund of the state fee | In force 16 Dec 2009 |
||
| Ä 78381 / 12 1 Dec 2009 |
Amendment entry | In force 1 Dec 2009 |
||
| Ä 78381 / 11 27 Oct 2009 |
Note on registration of shares in the Estonian central register of securities | In force 27 Oct 2009 |
||
| Ä 78381 / 10 31 Aug 2009 |
Amendment entry | In force 31 Aug 2009 |
||
| Ä 78381 / M3 18 Jun 2009 |
Ruling to eliminate deficiencies | In force 18 Jun 2009 |
||
| Ä 78381 / 9 18 Jun 2009 |
Amendment entry | In force 18 Jun 2009 |
||
| Ä 78381 / 8 3 Dec 2008 |
Deletion of activities from the registry card | In force 3 Dec 2008 |
||
| Ä 78381 / M2 7 May 2007 |
Refund of the state fee | In force 7 May 2007 |
||
| Ä 78381 / 7 13 Feb 2007 |
Amendment entry | In force 13 Feb 2007 |
||
| Ä 78381 / 6 4 Sep 2006 |
Amendment entry | In force 4 Sep 2006 |
||
| Ä 78381 / 5 2 Aug 2006 |
Amendment entry | In force 2 Aug 2006 |
||
| Ä 78381 / 4 1 Aug 2006 |
Amendment entry | In force 1 Aug 2006 |
||
| Ä 78381 / 3 9 Apr 2005 |
Amendment entry | In force | ||
| Ä 78381 / 2 22 Apr 2004 |
Amendment entry | In force | ||
| Ä 78381 24 Mar 2004 |
First entry | In force | ||
| Ä 78381 / M1 11 Mar 2004 |
Ruling to eliminate deficiencies (to be served) | 30 Apr 2004 | In force |
Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data