Ignitis
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 office in Vilnius | |
| Company type | State-owned enterprise |
|---|---|
Traded as | LSE: IGNL |
| ISIN | |
| Industry | Energy |
| Predecessor | Lietuvos energija |
| Founded | 1991 |
| Headquarters | Vilnius , Lithuania |
Area served | Lithuania Latvia Estonia Poland Finland |
Key people | Darius Maikštėnas (CEO) Alfonso Faubel (Chairman of Supervisory Board) |
| Products | Electric power Heat Natural gas |
| Revenue | €2.549 billion (2023) |
| €329.5 million (2023) | |
Net income | €286.6 million (2023) |
| Total assets | €5.244 billion (2023) |
| Total equity | €2.263 billion (2023) |
| Owner | Ministry of Finance |
Number of employees | circa 4400 |
| Website | ignitisgrupe |
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.
The initial public offering was made on 7 October 2020. Ignitis Group shares are listed in Nasdaq Vilnius and London Stock Exchange.