Shares
Harju Elekter plays an active role in the electrification of society by delivering reliable electrical power distribution solutions for utilities, industry, infrastructure and building projects. Our expertise supports critical energy systems that keep communities, businesses and essential services running.
Our offering ranges from turnkey power distribution installations to customised key products designed for specific project needs. With a clear focus on sustainability and long-term performance, Harju Elekter develops future-proof solutions that support the transition toward smarter, safer and more resilient energy infrastructure.
Security information
| Name of security: | Harju Elekter Group share |
|---|---|
| Security ticker: | HAE1T |
| ISIN code: | EE3100004250 |
| Regulated market: | Nasdaq Tallinn Stock Exchange |
| Date of listing: | 30 September 1997 |
| Number of securities: | 18,498,770 |
All shares of Harju Elekter Group are freely tradable on the stock exchange. Each share grants equal rights, including one vote per share and the right to receive dividends. All shareholders are treated equally, with no special voting rights, restrictions or agreements that would limit these rights.
According to information available to AS Harju Elekter Group, there are no agreements with shareholders that restrict the transfer of shares or grant any specific control or audit rights.
Harju Elekter has no-par-value shares. The book value of one share is 0.63 euros.
Trading history
| Key Share Data Eur | 2020 | 2021 | 2023 | 2024 |
|---|---|---|---|---|
| Number of shares (in thousand) | 17,739,880 | 17,739,880 | 17,739,880 | 17,739,880 |
| Opening price | 4.26 | 4.26 | 4.43 | 4.43 |
| Highest price | 5.26 | 5.26 | 5.26 | 5.43 |
| Average price | 4.43 | 4.43 | 4.43 | 4.43 |
| Lowest price | 3.20 | 3.20 | 3.20 | 3.20 |
| Closing price | 4.43 | 4.43 | 4.43 | 4.43 |
| Change (%) | 3.20 | 3.20 | 3.20 | 3.20 |
| Traded shares (pc) | 4.43 | 4.43 | 4.43 | 4.43 |
| Turnover (million) | 3.20 | 3.20 | 3.20 | 3.20 |
| Capitalization (million) | 4.43 | 4.43 | 4.43 | 4.43 |
| Earnings per share, EPS | 3.20 | 3.20 | 3.20 | 3.20 |
| P/E | 4.43 | 4.43 | 4.43 | 4.43 |
| Dividend per share | 3.20 | 3.20 | 3.20 | 3.20 |
| Dividend rate (%) | 4.43 | 4.43 | 4.43 | 4.43 |
| Dividend/net profit (%) | 3.20 | 3.20 | 3.20 | 3.20 |
* Management Board's proposal
** from regular activities=Profit attributable to owners of the Company minus extraordinary income from the sale of PKC Group Oyj shares
*** take into account the profit from sales of investment (PKC Group Oyj shares) in 2017
Shareholders and Dividends
Shareholder structure as of 31 December 2024
As of 31 December 2024, AS Harju Elekter Group had 10,800 shareholders. Over the past five years, the shareholder base has grown by 7,366, although it declined by 364 during the last year. The long-term increase highlights Harju Elekter’s visibility as a listed company and its steady place in investor portfolios.
The largest shareholder is the locally owned AS Harju KEK, holding 30.1% of the share capital. Estonian shareholders own 87.4% of Harju Elekter shares (31.12.2023: 87.2%), while foreign investors hold 12.6% (31.12.2023: 12.8%). As of 31 December 2024, members of the Supervisory Board and Management Board held, directly and indirectly, 4.96% of the company’s shares.
The full list of shareholders of AS Harju Elekter Group is available on the Nasdaq CSD website.
Dividend policy
Harju Elekter Group’s dividend policy targets a distribution of at least one third of net profit generated in the ordinary course of business. The Group also follows a practice of redistributing dividends received from other financial investments. The final dividend level is determined by cash flow, future outlook and funding needs.
Dividends
In 2024, the General Meeting of Shareholders decided to pay a dividend of 0.13 euros per share, with total dividend payments amounting to 2,404,804 euros.
Analyst
Sander Danil
Senior analyst
LHV Pank
Tartu mnt 2, 10145
Tallinn, Estonia
Tel +372 6 802 793
sander.danil@lhv.ee
lhv.ee
