Elenger’s business remains resilient in Q1

The energy segment remained profitable in the first quarter of 2025 despite challenging market conditions, according to the results published by Elenger’s parent company, Infortar.

A mild winter, lower energy consumption, and a gas surplus affected demand across the entire sector. Nevertheless, the energy business delivered a positive result.

Profitability was primarily supported by strategic investments in gas distribution networks in Latvia and Poland, which have strengthened Infortar’s position in the region and contributed to overall stability. The energy segment thus maintained its strong role within Infortar’s diversified business structure.

Infortar’s total revenue grew by 20% in the first quarter, and investments tripled compared to the same period last year. Full report available on company website.

Elenger operates in six markets — Finland, Estonia, Latvia, Lithuania, Poland, and Germany — serving over 450,000 customers. The company is involved in energy sales and trading, energy infrastructure, and energy production.

Elenger provides customers natural gas and renewable biomethane while managing gas distribution networks in Estonia, Latvia, and Poland, with a total length of 9,000 km. The company also sells electricity, including green electricity produced in its own solar energy parks. Elenger employs over 1,000 people and belongs to the investment company Infortar, which is listed on the Nasdaq Tallinn Stock Exchange Baltic Main List.