2023
Integrated Annual Report
Explore strategic and financial highlights, related reports and other relevant information.
Strategic results
In 2023, Ignitis Group has experienced accelerated growth in the Baltics, securing the largest renewable energy projects and winning 3 offshore wind tenders. We also focused on decarbonisation initiatives, reducing emissions, and ensuring employee health and safety. This strategic progress demonstrates our commitment to leading the energy transition in our home markets.
Darius Maikštėnas
Financial results
In 2023, Ignitis Group’s Adjusted EBITDA grew by 3.3%, reaching EUR 484.7 million. Green Generation segment remained the largest contributor, accounting for 45.9% of the total. We continued our investment program, investing record high EUR 937,1 million, mainly in Green Generation projects. These investments will significantly contribute to our future growth. Finally, for 2023 we intend to pay a EUR 1.286 per share dividend.
Jonas Rimavičius
Perfomance highlights
Adjusted EBITDA
484.7 EURm
Adjusted Net profit
286.6 EURm
Adjusted ROCE LTM
9.8 %
Investments
937.1 EURm
Net Working Capital
175.2 EURm
Net Debt
1,317.5 EURm
FFO / Net Debt
29.4 %
Dividend per share
1.286 EUR
Adj. EBITDA (voluntary)
61.4 %
Taxonomy CAPEX
94.8 %
Green Share of Generation
85.0 %
Secured Capacity
2.9 GW
Climate action
5.29 million t. CO2-eq
Network quality (electricity)
1.35
TRIR (employees)
0.79
Number of employees
4,405
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In 2023, Ignitis Group has experienced accelerated growth in the Baltics, securing the largest renewable energy projects and winning 3 offshore wind tenders. We also focused on decarbonisation initiatives, reducing emissions, and ensuring employee health and safety. This strategic progress demonstrates our commitment to leading the energy transition in our home markets.
