Ignitis

Ignitis grupė AB
Company typeState-owned enterprise
LSEIGNL
ISIN
IndustryEnergy
PredecessorLietuvos energija
Founded1991
Headquarters,
Area served
Lithuania
Latvia
Estonia
Poland
Finland
Key people
Darius Maikštėnas (CEO)
Alfonso Faubel (Chairman of Supervisory Board)
ProductsElectric power
Heat
Natural gas
Revenue€2.549 billion (2023)[1]
€329.5 million (2023)[1]
€286.6 million (2023)[1]
Total assets€5.244 billion (2023)[1]
Total equity€2.263 billion (2023)[1]
OwnerMinistry of Finance
Number of employees
4 402[2]
Websiteignitisgrupe.lt

Ignitis Group (Ignitis grupė AB; former name: Lietuvos Energija UAB) is a state-owned energy holding company located in Vilnius, Lithuania. The Group’s core business is focused on operating Lithuania’s electricity distribution network (Networks) and managing and developing its Green Generation Portfolio (Green Generation). The Group also manages strategically important reserve capacities (Reserve Capacities) and provides services to its customers (Customers & Solutions), including the supply of electricity and natural gas, solar, e-mobility, energy efficiency and innovative energy solutions for private and business customers.

Ignitis Group shares are predominantly owned by the Ministry of Finance of the Republic of Lithuania, with the current Chairman of the Board and CEO of the company being Darius Maikštėnas.[3]

The initial public offering was made on 7 October 2020.[4] Ignitis Group shares are listed in Nasdaq Vilnius and London Stock Exchange.

  1. ^ a b c d e "Ignitis, Integrated annual report 2023" (PDF).
  2. ^ "AB "Ignitis grupė" (En) | Ignitis grupė".
  3. ^ "Lietuvos Energija CEO: Our goal is international presence". Renewables Now. 2019-02-20. Retrieved 2019-02-21.
  4. ^ "Shares in Lithuania's Ignitis Group slip in market debut". Reuters. 2020-10-07. Retrieved 2021-05-19.