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Investegate announcements from AB

New, more ambitious targets are setting Germany on course to a greener future - including cutting emissions by 65%, up from 55%, from 1990 levels by the end of this decade. A roadmap approved by Chancellor Angela Merkel's Cabinet includes spending more on renewable energy sources and tougher financial penalties for polluters. Last week, Germany's top court ruled that a previous climate change act didn't go far enough, and put an unnecessary burden on future generations. "This is a fair offer to the younger generations because unlike in the past, this time we are not shifting the biggest burde...

2021–2024 Strategic Plan has been approved   2021–2024 Strategic Plan of AB “Ignitis grupė” group of companies has been approved On 25 February 2021 the Supervisory Board of AB “Ignitis grupė” (hereinafter – the Company) approved the Strategic Plan for 2021–2024 (hereinafter – Strategic plan) of the Company’s group of companies (hereinafter – the Group), which establishes the Group’s ambition to focus mainly on the Green Generation investments and Network modernisation and digitisation in the following years. The Strategic Plan describes the implementation of priori...

Ignitis Group grew in all segments in 2020 Ignitis Group grew in all segments in 2020 leading to 10% higher adjusted EBITDA than previously forecasted AB “Ignitis grupė” (hereinafter – the Company) states that in 2020 adjusted EBITDA of the Company’s group of companies (hereinafter – Ignitis Group or the Group) reached EUR 291.6m and was approximately 10% higher than previously forecasted (EUR 265–269m).   Compared to adjusted EBITDA in 2019, which reached EUR 259.9m, last year it grew by a solid 12.2% – it was driven by increase in results across all Group segments. The main...

Editor — February 19, 2021 comments off The Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, Mr. Nasser Bourita had, on Thursday February 18, 2021, a telephone conversation with the European Commissioner for Neighbourhood and Enlargement Mr. Oliver Varhelyi. These talks, which are part of the regular consultations between the two officials, were an opportunity for MFA Bourita to pay tribute to the proactive commitment of the Commissioner Varhelyi, and to express his appreciation for his attention and partnership-based approach.  In this regard, MFA Mr. Bourita...