Ignitis Grupe stock trades at EUR 21.80 as CEO change takes shape

Published on 09/30/2026 at 16:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ignitis Grupe stock was at EUR 21.80 on September 30, 2026, as the company prepared a CEO transition. Second-quarter EPS reached EUR 0.56.

Ignitis Grupe, LT0000115768, Illustration mit AI erstellt.

Ignitis Grupe (ISIN LT0000115768) was trading at EUR 21.80 at Lang & Schwarz on September 30, 2026, at 3:59 p.m. CEST, plus 0.23 percent versus the prior close of EUR 21.75 on September 29, 2026. The latest corporate signal is a planned leadership transition, with Vytenis Koryzna selected as the final candidate to become chair and CEO.

CEO succession reaches next stage

Ignitis Group announced on September 24, 2026, that its supervisory board had approved Koryzna as the final candidate. He is currently the group's chief commercial officer and would succeed Darius Maikšt?nas when his second term ends on February 28, 2027.

The change matters because Koryzna already oversees energy markets, trading, customer solutions and commercial operations. That background links the succession decision directly to the group's renewable generation, networks and customer businesses.

Quarterly numbers set the benchmark

The latest reported quarter also gives investors a clear comparison point. According to Investing.com, second-quarter 2026 revenue was EUR 558.5 million and net income was EUR 40.4 million, while earnings per share reached EUR 0.56. Revenue was below the EUR 563.5 million consensus figure, but EPS exceeded the EUR 0.22 consensus figure.

The company has also scheduled its next milestones. Nasdaq Baltic lists October 2, 2026, as the dividend payment date and November 11, 2026, for the nine-month interim report.

Target remains above the market price

Analyst expectations provide a second valuation reference. Investing.com shows an average 12-month price target of EUR 26.77, with a high estimate of EUR 27.00 and a low estimate of EUR 26.50. The average target lies 22.80 percent above the Lang & Schwarz price of EUR 21.80, putting the next results and leadership transition at the center of the valuation discussion.

Stock trades near yearly high

Ignitis Grupe was trading at EUR 21.80 at Lang & Schwarz on September 30, 2026, at 3:59 p.m. CEST, plus 0.23 percent versus the prior close of EUR 21.75. The stock's 52-week range was EUR 20.50 to EUR 22.80, while market capitalization stood at EUR 1.6 billion as of September 30, 2026.