Market announcement
AS INFORTAR
Category
Other corporate action
Attachments
Date
05.08.2024 09:00:00
Title
Aktsiaseltsi Infortar 2024. aasta auditeerimata konsolideeritud teise kvartali tulemused
Message
Infortar korraldab täna kõikidele huvilistele 2. kvartali 2024 tulemusi tutvustava veebiseminari. Veebiseminariga ühinemiseks palume kasutada järgmiseid linke: 5. augustil kell 12.00 eestikeelne veebiseminar (https://teams.microsoft.com/dl/launcher/launcher.html?url=%2F_%23%2Fl%2Fmeetup- join%2F19%3Ameeting_NDQ5Y2VhZTMtMDI2Zi00NTgxLWJhZDctZTdmZWJlM2JiN2Fj%40thread.v2 %2F0%3Fcontext%3D%257B%2522Tid%2522%253A%252286359415-f0d5-4ea5-bb32- 42128c4493be%2522%252C%2522Oid%2522%253A%252226d1c5dd-51b3-421e-a54d- 7d4596848888%2522%252C%2522IsBroadcastMeeting%2522%253Atrue%252C%2522role%2522%2 53A%2522a%2522%257D%26btype%3Da%26role%3Da%26anon%3Dtrue&type=meetup- join&deeplinkId=155c6d3a-47aa-4889-bee3- 75e7d2056f7a&directDl=true&msLaunch=true&enableMobilePage=true&suppressPrompt=tr ue) 5. augustil kell 14.00 ingliskeelne veebiseminar (https://teams.microsoft.com/dl/launcher/launcher.html?url=%2F_%23%2Fl%2Fmeetup- join%2F19%3Ameeting_ZDcyM2FiODktMzhhZC00YmExLTk3YjItMGJkM2VlNzcxMjI0%40thread.v2 %2F0%3Fcontext%3D%257B%2522Tid%2522%253A%252286359415-f0d5-4ea5-bb32- 42128c4493be%2522%252C%2522Oid%2522%253A%252226d1c5dd-51b3-421e-a54d- 7d4596848888%2522%252C%2522IsBroadcastMeeting%2522%253Atrue%252C%2522role%2522%2 53A%2522a%2522%257D%26btype%3Da%26role%3Da%26anon%3Dtrue&type=meetup- join&deeplinkId=389b61dd-d3f6- 43ec-838e-2a6cf1d81d89&directDl=true&msLaunch=true&enableMobilePage=true&suppres sPrompt=true) Infortari müügimahud kasvasid esimesel poolaastal 40 protsenti, ettevõtte müügitulu ulatus 576 miljoni euroni ja puhakasum 73 miljoni euroni. Infortari varade väärtus jõudis 1,5 miljardi euroni ja investeeringud 41 miljoni euroni. "Oleme esimesel poolaastal Soome ja Balti energeetikaturul oma positsioone kindlustanud, turgu juurde võtnud, müüki kasvatanud ja mahuteid järgmiseks hooajaks täitnud - meie baasnäitajad on tugevad ja likviidsuspositsioon soliidne, mis annab meile korraliku platvormi oma investeeringute jätkamiseks," märkis Infortari juhatuse esimees Ain Hanschmidt. "Infortari peamiste investeeringute tulemused on tugevalt seotud sesoonsusega - energeetika näitab kõrgeid numbreid külmal perioodil, seevastu laevareisijate arv on tipus suvel," lausus Hanschmidt. Infortar investeeris käesoleva aasta esimesel poolaastal 41,3 miljonit eurot. Ettevõte suurendas oma osalust Tallinkis 46,8 protsendini, soetas Pärnumaa Halinga piimafarmi enamusosaluse ning avas Lätis Nicas päikesepargi. Fookuses oli tegevuse laiendamine Poolas ja Saksamaal ning gaasi hulgiturule juurdepääsu loomine Hollandis ja Belgias. RIMI logistikakeskuse ning Pärnu uue silla ehitused on edenenud vastavalt graafikule. Infortarile kuuluv Soome ja Balti piirkonna suurim erakapitalil energiafirma Eesti Gaas (välisturgudel Elenger) suurendas müügimahtu võrreldes möödunud aasta poolaastaga 40 protsenti, kokku 10 TWh-ni. Ettevõtte gaasimüügi turuosa Soome- Balti turul ulatub 25,4 protsendini. Tallinki reisijate arv Helsingi liinil on eelmise aastaga võrreldes kasvanud, samas inimeste liikumine Soome ja Rootsi vahel jäi eelmise aasta sama perioodiga mõnevõrra vähemaks. Juunis teatas Infortar Tallinki aktsionäridele vabatahtlikust ülevõtmispakkumisest. Pakkumine on suunatud kõigile investoritele ning toob turule täiendavat likviidsust, andes väljumisvõimaluse ka neile, kellel tavaolukorras oleks börsil oma osalust keerulisem realiseerida. Infortari omakapital ulatus käesoleva aasta 30. juuni seisuga 840 miljoni euroni ja varade maht 1,5 miljardi euroni. Võrreldes möödunud aasta kuue kuu tulemusega on Infortari EBITDA ja puhaskasum 11 miljoni euro võrra vähenenud, 2024 6 kuu EBITDA oli 76 miljonit eurot ja kasum puhaskasum 73 miljonit eurot. +-----------------------+-----------+-----------+---------------+--------------+ |Tähtsamad |6 kuud 2024|6 kuud 2023|2. kvartal 2024|2. kvartal | |finantsnäitajad ja | | | |2023 | |suhtarvud | | | | | +-----------------------+-----------+-----------+---------------+--------------+ |Müügitulu (tuhandetes |576 139 |560 352 |203 555 |212 872 | |eurodes) | | | | | +-----------------------+-----------+-----------+---------------+--------------+ |Brutokasum (tuhandetes |53 089 |88 351 |3 085 |22 346 | |eurodes) | | | | | +-----------------------+-----------+-----------+---------------+--------------+ |EBITDA (tuhandetes |75 510 |86 571 |1 506 |34 011 | |eurodes) | | | | | +-----------------------+-----------+-----------+---------------+--------------+ |EBITDA marginaal (%) |13% |15% |0,7% |16% | +-----------------------+-----------+-----------+---------------+--------------+ |Ärikasum (-kahjum) |63 395 |80 427 |-4 229 |30 748 | |(EBIT) (tuhandetes | | | | | |eurodes) | | | | | +-----------------------+-----------+-----------+---------------+--------------+ |Aruandeaasta kasum/ |73 017 |83 683 |10 955 |36 906 | |kahjum (tuhandetes | | | | | |eurodes) | | | | | +-----------------------+-----------+-----------+---------------+--------------+ |Puhaskasum aktsia kohta|3,6 |4,1 |0,5 |1,8 | |(eurodes)* | | | | | +-----------------------+-----------+-----------+---------------+--------------+ |Omakapital |840 216 |575 783 | | | +-----------------------+-----------+-----------+---------------+--------------+ |Kohustised |448 387 |300 217 | | | +-----------------------+-----------+-----------+---------------+--------------+ *Kasum aktsia kohta on arvutatud kõikidel esitatud perioodidel järgmise valemi alusel: aruandeaasta emaettevõtte omanikele kuuluv kasum jagatud 30.06.2024 seisuga emiteeritud aktsiate arvuga (6 kuud 2024 = (72 893*1000) / (21 166 239-945 000)= 3,6 eurot aktsia kohta). Aastatel 2023 ja 2024 on toimus aktsia jagunemine ja uute aktsiate emiteerimine, võrreldavuse huvides kasutatakse valemis iga kord hetkel kehtivat aktsiate arvu. Müügitulu 2024. majandusaasta esimesel poolaastal suurenes kontserni konsolideeritud müügitulu 15,8 miljoni euro võrra 576,14 miljoni euroni (2023 konsolideeritud müügitulu esimesel poolaastal 560,35). Olulist positiivset mõju avaldas piirkondliku gaasimüügi turuosa kasv 25,4 protsendini, mis võimaldas müügitulu võrreldes eelneva aastaga suurendada. EBITDA ja segmendiaruandlus Energeetikasegmendi esimese poolaasta EBITDA oli 2024. majandusaasta esimeses kvartalis 73 miljonit eurot (2023. majandusaasta esimesel poolaastal 82 miljonit eurot). Laevanduse segmendi EBITDA oli 2024. majandusaasta esimesel poolaastal oli 81 miljonit eurot (2023. majandusaasta esimeses kvartalis 96 miljonit eurot). Infortar konsolideerib AS Tallink Grupp tulemused kapitaliosaluse meetodil, ehk vastavalt oma osaluse protsendile AS-s Tallink Grupp, segmendiaruandluses on vastavalt kehtivatele raamatupidamisreeglitele kajastatud 100% AS Tallink Grupp tulemused (sealhulgas 100 protsenti EBITDA). Kinnisvarasegmendis võetakse kasumlikkuse hindamisel arvesse eraldiseisvate kinnisvara ettevõtete EBITDA. Kinnisvara EBITDA oli 2024. majandusaasta esimesel poolaastal kvartalis 7 miljonit eurot (2023. majandusaasta esimesel poolaastal 6 miljonit eurot). Puhaskasum Konsolideeritud puhaskasum oli 2024. majandusaasta esimesel poolaastal 73 miljonit eurot (2023. majandusaasta esimesel poolaastal 84 miljonit eurot). Finantseerimine Laenu ja liisingkohustised olid 2024. majandusaasta esimesel poolaastal 448,4 miljonit eurot (2023. majandusaasta esimeses kvartalis 300,2 miljonit eurot). Ettevõtte netovõlg vähenes 2023.a. lõpu seisuga võrreldes 90,9 miljonil võrra 263 miljonile, Netovõla ja EBITDA suhtarv on 2,1. +-----------------------------------------+ Andmed esitatud tuhandetes eurodes | 2. kv 2.kv | | 2024 2023 6 kuud 2024 6 kuud 2023| +-----------------------------------------+ Müügitulu 203 555 212 872 576 139 560 352 Müügikulu -200 420 -183 766 -522 993 -465 051 Nõuete allahindlused -50 -6 760 -57 -6 950 ------------------------------------------- Brutokasum 3 085 22 346 53 089 88 351 ------------------------------------------- Turustuskulud -423 -369 -838 -715 Üldhalduskulud -7 018 -5 145 -14 256 -8 588 Kasum (kahjum) bioloogilistelt varadelt -27 0 -27 0 Kahjum kinnisvarainvesteeringute õiglase väärtuse muutuses 0 0 156 0 Kasum (-kahjum) tuletisinstrumentidest -137 13 717 24 522 687 Muud äritulud 481 230 1 081 757 Muud ärikulud -190 -31 -332 -65 ------------------------------------------- Ärikasum -4 229 30 748 63 395 80 427 ------------------------------------------- Kasum kapitaliosaluse meetodil arvestatud investeeringutelt 16 885 14 724 18 885 15 447 Finantstulud ja - kulud Finantsinvesteeringute tulu/-kulu 2 738 0 2 738 -24 Intressikulu -6 381 -4 529 -13 126 -8 484 Intressitulu 1 760 1 188 3 004 1 833 Kasum-kahjum valuutakursi muutustest -2 -8 -4 -137 Muud finantstulud/-kulud -6 0 -2 0 Finantstulud ja - kulud kokku -1 891 -3 349 -7 390 -6 812 ------------------------------------------- Kasum enne maksustamist 10 765 42 123 74 890 89 062 ------------------------------------------- Ettevõtte tulumaks 190 -5 217 -1 873 -5 379 ------------------------------------------- Aruandeaasta kasum/ -kahjum 10 955 36 906 73 017 83 683 ------------------------------------------- sealhulgas: Emaettevõtte omanikele kuuluv kasum/-kahjum 10 921 36 906 72 983 83 888 Vähemusosalusele kuuluv kasum/- kahjum 34 0 34 -205 Muu koondkasum kokku* -33 134 -69 667 ------------------------- Aruandeaasta koondkasum/-kahjum kokku 39 883 14 016 ------------------------- sealhulgas: Emaettevõtte omanikele kuuluv kasum/-kahjum 39 849 14 221 Vähemusosalusele kuuluv kasum/ -kahjum 34 -205 Tavakasum aktsia kohta 3,61 13,32 Lahustatud kasum aktsia kohta 3,48 13,17 *Mitterahalised tuletisinstrumentide ümberhindlused koondkasumites ei mõjuta AS- i Eesti Gaasi ega Infortari põhiäritegevuse kasumlikkust ega rahavoo teenimise võimet. +----------------------------------+ Andmed esitatud tuhandetes eurodes | | +----------------------------------+ VARAD |30.06.24 30.06.23 31.12.2023| +----------------------------------+ KÄIBEVARA Raha 185 243 136 026 87 115 Lühiajalised finantsinvesteeringud 1 1 0 Lühiajalised tuletisinstrumendid 2 511 12 618 28 728 Realiseerunud tuletisinstrumentide nõuded 1 316 365 5 958 Nõuded ostjatele 84 856 72 006 162 575 Maksude ettemaksed 1 014 951 925 Muud nõuded ja ettemaksud 11 285 13 066 20 185 Ettemaksed varude eest 4 288 1 238 3 493 Varud 137 177 124 418 146 884 Bioloogilised varad 425 0 0 ------------------------------------ Käibevara kokku 428 116 360 689 455 863 ------------------------------------ PÕHIVARA Investeeringud sidusettevõtetesse 386 702 315 434 346 014 Pikajalised tuletisinstrumendid 2 172 3 959 1 125 Pikajalised laenud ja muud nõuded 7 418 9 892 9 072 Kinnisvarainvesteeringud 184 476 165 815 176 024 Materiaalne põhivara 456 339 151 780 446 748 Immateriaalne põhivara 14 624 9 054 14 366 Kasutusõigusega vara 12 498 9 384 11 300 Bioloogiline vara 2 797 0 0 ----------- ------------------------ Põhivara kokku 1 067 026 665 318 1 004 649 ----------- ------------------------ VARAD KOKKU 1 495 142 1 026 007 1 460 512 KOHUSTUSED JA OMAKAPITAL LÜHIAJALISED KOHUSTUSED Laenukohustised 129 674 107 937 184 259 Rendikohustised 1 734 1 136 1 766 Võlad tarnijatele 88 009 67 704 74 751 Maksukohustused 12 193 14 955 32 822 Ostjate ettemaksed 479 1 037 3 099 Realiseerunud tuletisinstrumendid 7 081 6 200 1 463 Muud lühiajalised kohustused 11 367 4 783 10 851 Lühiajalised tuletisinstrumendid 14 065 44 3 659 ------------------------------------ Lühiajalised kohustused kokku 264 602 203 796 312 670 ------------------------------------ PIKAAJALISED KOHUSTUSED Pikaajalised eraldised 10 371 7 492 8 399 Edasilükkunud tulumaksukohustis 33 435 30 268 33 233 Muud pikaajalised kohustused 29 302 17 524 30 679 Pikaajalised tuletisinstrumendid 237 0 186 Laenukohustised 306 571 183 082 246 410 Rendikohustised 10 408 8 062 8 725 ------------------------------------ Pikaajalised kohustused kokku 390 324 246 428 327 632 ------------------------------------ KOHUSTUSED KOKKU 654 926 450 224 640 302 OMAKAPITAL Aktsiakapital 2 117 1 985 2 105 Omaaktsiad -95 -95 -95 Ülekurss 32 484 0 29 344 Reservkapital 212 205 205 Optsioonireserv 5 781 2 595 3 864 Riskimaandamise reserv * -9 103 12 623 24 118 Realiseerimata kursivahed 48 20 -39 Töösuhtejärgsete hüvitiste kohustuste reserv -44 0 -44 Jaotamata kasum 728 559 474 015 466 140 Aruandeaasta kasum 72 983 83 888 293 778 ------------------------------------ Emaettevõtte omanikele kuuluv omakapital 832 942 575 236 819 376 ------------------------------------ Vähemusosalus 7 274 547 834 ----------- ------------------------ Omakapital kokku 840 216 575 783 820 210 ----------- ------------------------ KOHUSTUSED JA OMAKAPITAL KOKKU 1 495 142 1 026 007 1 460 512 * tegemist on arvestusliku riskimaandamise positsiooni muutusega mis mõjutab koondkasumi tulemust. +------------------------------------+ Andmed esitatud tuhandetes eurodes |6 kuud 2024 6 kuud 2023 2023 | +------------------------------------+ Rahavood äritegevusest Aruandeaasta kasum 73 017 83 683 293 830 Korrigeerimised Põhivara kulum ja väärtuse langus 12 271 6 144 15 581 Kinnisvarainvesteeringute väärtuse muutus -156 0 4 074 Kapitaliosaluse kasum/kahjum -18 885 -15 447 -39 639 Tuletisinstrumentide väärtuse muutus 25 168 67 397 54 122 Muud finantstulud/-kulud 83 -1 792 -161 965 Arvestatud intressikulud 13 126 8 484 22 573 Kasum/kahjum põhivarast -173 -31 -91 Tuludes kajastatud sihtfinantseerimise tulu -84 -313 784 Arvestatud tulumaksukulu 1 873 5 379 8 610 Makstud tulumaks -1 672 -1 -267 Äritegevusega seotud nõuete ja ettemaksete muutus 91 407 151 608 54 540 Varude muutused 9 606 -39 323 -61 914 Äritegevusega seotud kohustuste muutus -27 452 -35 529 -406 Bioloogiliste varade muutus 149 0 0 -------------------------------------- Kokku rahavood äritegevusest 178 278 230 259 189 832 -------------------------------------- Rahavood investeerimistegevusest Tasutud sidusettevõtete ostul -21 822 -3 927 -10 314 Tasutud tütarettevõtete ostul -5 401 -4 -103 414 Antud laenude tagasimaksed 1 932 5 844 6 652 Laekunud intressid 2 686 1 834 2 691 Tasutud kinnisvarainvesteeringute soetamisel -8 296 -5 275 -18 304 Tasutud materiaalse ja immateriaalse põhivara soetamisel -8 213 -8 968 -18 143 Laekunud kinnisvarainvesteeringute ja põhivara müügist 282 33 -252 -------------------------------------- Kokku rahavood investeerimistegevusest -38 814 -10 463 -141 084 -------------------------------------- Rahavood finantseerimistegevusest Arvelduskrediidi muutus -15 513 7 499 14 348 Saadud laene 107 712 900 287 606 Saadud laenude tagasimaksed -92 357 -135 094 -312 846 Rendikohustiste põhiosa tagasimaksed -928 -922 -2 233 Makstud intressid -13 070 -8 280 -22 224 Makstud dividendid -30 332 -7 875 -15 750 Laekunud aktsiate emiteerimisest 3 152 0 29 464 -------------------------------------- Kokku rahavood finantseerimistegevusest -41 336 -143 772 -21 635 -------------------------------------- Rahavood kokku 98 128 76 024 27 113 Raha ja raha ekvivalendid perioodi alguses 87 115 60 002 60 002 Raha ja raha ekvivalendid perioodi lõpus 185 243 136 026 87 115 Raha ja raha ekvivalentide muutus 98 128 76 024 27 113 Infortar tegutseb kuues riigis, ettevõtte peamised tegevusvaldkonnad on energeetika, laevandus ja kinnisvara. Infortar omab 46,8 protsendi suurust osalust AS-is Tallink Grupp, 100% osalust AS-is Eesti Gaas ning mitmekülgset ja kaasaegset, ca 113 000 m2 suurust kinnisvaraportfelli. Lisaks kolmele põhitegevusvaldkonnale tegutseb Infortar ka ehituse ja maavarade, põllumajanduse, trükkimise, taksonduse ja muudes valdkondades. Kokku kuulub Infortari kontserni 103 ettevõtet: 48 kontserni ettevõtet, 5 sidusettevõtet ja 50 sidusettevõtete tütarettevõtet. Arvestamata sidusettevõtteid annab Infortar tööd 1344 inimesele. Lisainfo: Kadri Laanvee AS Infortar investorsuhete juht Tel. 5156662 E-mail: kadri.laanvee@infortar.ee (https://www.globenewswire.com/Tracker?data=xtlSmmEVvnv0ml_TlfqjoV8vTB2u1cEzQJHe 897NW_EuuQBylzdINcZBzXCQ8EAGb6NLTJ33TgcNMuzkmrbcTAzau0qewpv7Nf3lcldl6YdKU1xxs8vs 3o-asmGpi6V-W1bOgWP- 18VEFBVaEuQLUSVxCPic28CzDuKnqg_nujKR_ORLEBWqMd_rlopMKhU__rVmFpFEN4fwZgLyWPSkF56U KTuMA4KtV172o884R_v4xMGK4CDXzlqPDgyhQ9PqcBuKLh2La5E9UUYCM_U- eOVAc0BBW9euU7PJPAbOHoibAT6ZU_byf77c_Mzf_R_puKNBei6nO- d2PJ_J7F072yDmEIYXldsqtJT00j3u59UjaTwisCxyk30TVXUstElDAQdDn- tCHYgFq3N1Z0hqTh4H9WSlGyt_X9J2jCYxvpQR6VDZV_vLYQGxNHGXyJmohEaSesDWib46QMPzBXEEkq l4tCLVgatFk3CxdrNNODur_FwYsYd5EhR8mbN9NAmbW-ulOeex9-gdlb9WjaBy5A==) www.infortar.ee/investorile (https://www.globenewswire.com/Tracker?data=B0QtuES2qtgwbTQR1c7WwEx9HDRGWS8IE2XF DItcRjUR8hrd9vgcgci5I1hD0WAY8D3FlPMdrSF8cCHgJjmT7MrUu19P_WMN6F88lrFmX-D5CIx-P7- oPU1JT2u_h2zAQUkpEAa4xvMpG60mqKOC79p9N_H8DhC6qJcwvWg8l120bVvtfsZd4yqTmnfxCon48VK HE1OXkRUUa5FHZwCl_d7XlJrCfNzZVWd4uxvtXpweCBxpUwn38CmrYsWigFWzas0AY5Q4iuPK8lRszH- Qbx6X8puYWodMczfBh6GUzNby0mmZQ_EoGuAyLQExcFYKzbzI0kvkzRGg-krkyFxNzbIlcrPjjLB8YW- OvGEWlEgQgziKobXzrZOuEJyPOYxLhVq4Z38YPbwjH2FX7zulMBXxYPorkv- ZhFkoT1JFWFv1uLGzyF7xn6TSrdsq_eP6mo8eTarLS_FSJfk_6OPdvGC0TT-NRMW9EPNhbORt- vp7e5Dvqm_1LYO5Df4JbyDv4nPMYwGN- EGa77ZXGZkkNiYtyhiE3yTtBxavpTbUYJP35Qp7er6berYs4SHis9i1)
Title
Aktsiaselts Infortar Unaudited Consolidated Interim Report for second quarter of 2024
Message
Infortar will organize a webinar for introducing 2. quarter 2024 results today. Please join the webinar via the following links: 5 May 2024 at 12:00 (EET) Estonian webinar (https://teams.microsoft.com/dl/launcher/launcher.html?url=%2F_%23%2Fl%2Fmeetup- join%2F19%3Ameeting_NDQ5Y2VhZTMtMDI2Zi00NTgxLWJhZDctZTdmZWJlM2JiN2Fj%40thread.v2 %2F0%3Fcontext%3D%257B%2522Tid%2522%253A%252286359415-f0d5-4ea5-bb32- 42128c4493be%2522%252C%2522Oid%2522%253A%252226d1c5dd-51b3-421e-a54d- 7d4596848888%2522%252C%2522IsBroadcastMeeting%2522%253Atrue%252C%2522role%2522%2 53A%2522a%2522%257D%26btype%3Da%26role%3Da%26anon%3Dtrue&type=meetup- join&deeplinkId=155c6d3a-47aa-4889-bee3- 75e7d2056f7a&directDl=true&msLaunch=true&enableMobilePage=true&suppressPrompt=tr ue) 5 May 2024 at 14:00 (EET) English webinar (https://teams.microsoft.com/dl/launcher/launcher.html?url=%2F_%23%2Fl%2Fmeetup- join%2F19%3Ameeting_ZDcyM2FiODktMzhhZC00YmExLTk3YjItMGJkM2VlNzcxMjI0%40thread.v2 %2F0%3Fcontext%3D%257B%2522Tid%2522%253A%252286359415-f0d5-4ea5-bb32- 42128c4493be%2522%252C%2522Oid%2522%253A%252226d1c5dd-51b3-421e-a54d- 7d4596848888%2522%252C%2522IsBroadcastMeeting%2522%253Atrue%252C%2522role%2522%2 53A%2522a%2522%257D%26btype%3Da%26role%3Da%26anon%3Dtrue&type=meetup- join&deeplinkId=389b61dd-d3f6- 43ec-838e-2a6cf1d81d89&directDl=true&msLaunch=true&enableMobilePage=true&suppres sPrompt=true) In the first half of the year, Infortar's sales volumes increased by 40 percent, reaching 576 million euros. The company's net profit amounted to 73 million euros. The value of Infortar's assets reached 1.5 billion euros, and investments totalled 41 million euros. "In the first half of the year, we have strengthened our positions in the Finnish and Baltic energy markets, gained additional market share, increased sales, and filled gas storage capacities for the next season - our fundamental indicators are strong and liquidity position is solid, this is a good platform for continuing our investments," noted Infortar's Chairman of the Board, Ain Hanschmidt. "The results of Infortar's main investments are strongly linked with seasonality - the energy sector delivers high numbers during the cold period, whereas maritime transportation's passenger numbers peak in the summer," Hanschmidt added. In the first half of this year, Infortar invested 41.3 million euros. The company increased its shareholding in Tallink by 4.5 percent to 46.8 percent, acquired a majority shareholding in the Halinga farm in Pärnumaa, and commissioned a solar park in Nica, Latvia. The focus is on expanding operations in Poland and Germany, as well as gaining access to the wholesale gas market in the Netherlands and Belgium. The construction of the RIMI logistics centre and the new bridge in Pärnu have progressed according to planned schedule. Infortar's subsidiary Eesti Gaas (Elenger in foreign markets), which is the largest privately owned energy company in the region, increased its sales volume by 40 percent compared to the same period last year, reaching a total of 10 TWh. The company's gas sales market share in the Finnish-Baltic market stands at 25.4 percent. The number of Tallink passengers on the Helsinki route has increased compared to last year, while the number of travellers between Finland and Sweden has decreased compared to the same period last year. In June, Infortar announced a voluntary takeover offer to Tallink's shareholders. Although the offer applies equally to all investors, it primarily enhances market liquidity, thereby providing a potential exit opportunity for larger investors who might otherwise face difficulties due to low trading volumes on the stock exchange. As of June 30 of 2024, Infortar's equity amounted to 840 million euros, and its total assets reached 1.5 billion euros. Compared to the results from the six- month period last year, Infortar's EBITDA and net profit decreased by 11 million euros. For the first six months of 2024, EBITDA was 76 million euros, and net profit was 73 million euros. +----------------------------------+-------------+-------------+-------+-------+ |KEY FIGURES OF FINANCIAL YEAR |6 months 2024|6 months 2023|Q2 |Q2 | | | | |2024 |2023 | +----------------------------------+-------------+-------------+-------+-------+ |Revenue (in thousands of EUR) |576 139 |560 352 |203 555|212 872| +----------------------------------+-------------+-------------+-------+-------+ |Gross profit (in thousands of EUR)|53 089 |88 351 |3 085 |22 346 | +----------------------------------+-------------+-------------+-------+-------+ |EBITDA (in thousands of EUR) |75 510 |86 571 |1 506 |34 011 | +----------------------------------+-------------+-------------+-------+-------+ |EBITDA margin % |13% |15% |0,7% |16% | +----------------------------------+-------------+-------------+-------+-------+ |Operating profit (in thousands of |63 395 |80 427 |-4 229 |30 748 | |EUR) | | | | | +----------------------------------+-------------+-------------+-------+-------+ |Net profit (in thousands of EUR) |73 017 |83 683 |10 955 |36 906 | +----------------------------------+-------------+-------------+-------+-------+ |Earnings per share (EUR)* |3,6 |4,1 |0,5 |1,8 | +----------------------------------+-------------+-------------+-------+-------+ |Total equity (in thousands of EUR)|840 216 |575 783 | | | +----------------------------------+-------------+-------------+-------+-------+ |Total liabilities (in thousands of|448 387 |300 217 | | | |EUR) | | | | | +----------------------------------+-------------+-------------+-------+-------+ * Earnings per share have been calculated for all reported periods based on the following formula: net profit for the reporting year divided by the number of issued shares as of June 30, 2024 (6 months 2024 = (72´839 * 1,000) / (21,166,239-945´000) = 3.6 euros per share). In 2023 and 2024, share splits and the issuance of new shares occurred. For comparability purposes, the formula uses the currently valid number of shares each time. Sales Revenue In the first half of the 2024 financial year, the group's consolidated sales revenue increased by 15.8 million euros, reaching 576.14 million euros (compared to 560.35 million euros in the first half of 2023). The significant positive impact was due to the growth in the regional gas sales market share to 25.4 percent, which allowed for an increase in sales revenue compared to the previous year. EBITDA and Segment Reporting Energy Segment: The EBITDA for the energy segment in the first half of the 2024 financial year was 73 million euros (compared to 82 million euros in the first half of 2023). Maritime transport Segment: The EBITDA for the maritime transport segment in the first half of the 2024 financial year was 81 million euros (compared to 96 million euros in the first quarter of the 2023 financial year). Infortar consolidates the results of AS Tallink Grupp using the equity method, meaning that results of AS Tallink Grupp are reflected in the segment reporting according to Infortar's ownership percentage in AS Tallink Grupp. In segment reporting, 100% of AS Tallink Grupp results (including 100% EBITDA) are accounted for in accordance with applicable accounting rules. Real Estate Segment: The profitability assessment considers the EBITDA of individual real estate companies. The EBITDA for the real estate segment in the first half of the 2024 financial year was 7 million euros (compared to 6 million euros in the first half of 2023). Net Profit The consolidated net profit for the first half of the 2024 financial year was 73 million euros (compared to 84 million euros in the first half of the 2023 financial year). Financing Loan and lease liabilities amounted to 448.4 million euros in the first half of the 2024 financial year (compared to 300.2 million euros in the first quarter of the 2023 financial year). The company's net debt decreased by 90.9 million euros compared to the end of 2023, totalling 263 million euros. The net debt to EBITDA ratio is 2.1. +-----------------------------------+ Numbers presented in thousands of euros | Q2 Q2 | | 2024 2023 6 m 2024 6 m 2023| +-----------------------------------+ Sales Revenue 203 555 212 872 576 139 560 352 Cost of Sales -200 420 -183 766 -522 993 -465 051 Impairment of Receivables -50 -6 760 -57 -6 950 ------------------------------------- Gross Profit 3 085 22 346 53 089 88 351 ------------------------------------- Marketing Expenses -423 -369 -838 -715 General Administrative Expenses -7 018 -5 145 -14 256 -8 588 Profit (Loss) from Biological Assets -27 0 -27 0 Loss on Changes in Fair Value of Investment Properties 0 0 156 0 Profit (Loss) from Derivative Instruments -137 13 717 24 522 687 Other Operating Income 481 230 1 081 757 Other Operating Expenses -190 -31 -332 -65 ------------------------------------- Operating Profit -4 229 30 748 63 395 80 427 ------------------------------------- Profit from Investments Accounted for Using the Equity Method 16 885 14 724 18 885 15 447 Financial Income and Expenses Income from Financial Investments 2 738 0 2 738 -24 Interest Expense -6 381 -4 529 -13 126 -8 484 Interest Income 1 760 1 188 3 004 1 833 Profit (Loss) from Foreign Exchange Rate Changes -2 -8 -4 -137 Other Financial Income and Expenses -6 0 -2 0 Total Financial Income and Expenses -1 891 -3 349 -7 390 -6 812 ------------------------------------- Profit Before Tax 10 765 42 123 74 890 89 062 ------------------------------------- Corporate Income Tax 190 -5 217 -1 873 -5 379 ------------------------------------- Profit (Loss) for the Reporting Period 10 955 36 906 73 017 83 683 ------------------------------------- Including: Profit (Loss) Attributable to Owners of the Parent Company 10 921 36 906 72 983 83 888 Profit (Loss) Attributable to Non- controlling Interests 34 0 34 -205 Other Comprehensive Income for the Reporting Period -33 134 -69 667 ------------------- Total Comprehensive income for the Reporting Period Including: 39 883 14 016 ------------------- Comprehensive Income (Loss) Attributable to Owners of the Parent Company 39 849 14 221 Comprehensive Income (Loss) Attributable to Non-controlling Interests 34 -205 Basic Earnings per Share 3,61 13,32 Diluted Earnings per Share 3,48 13,17 * The non-cash revaluations of derivative instruments in comprehensive income do not affect the profitability or cash flow generating ability of AS Eesti Gaas or Infortar's core business operations. +----------------------------------+ Numbers presented in thousands of euros | | +----------------------------------+ ASSETS |30.06.24 30.06.23 31.12.2023| +----------------------------------+ CURRENT ASSETS Cash 185 243 136 026 87 115 Short-term Financial Investments 1 1 0 Short-term Derivative Instruments 2 511 12 618 28 728 Receivables from Realized Derivative Instruments 1 316 365 5 958 Receivables from Customers 84 856 72 006 162 575 Tax Prepayments 1 014 951 925 Other Receivables and Prepayments 11 285 13 066 20 185 Prepayments for Inventories 4 288 1 238 3 493 Inventories 137 177 124 418 146 884 Biological Assets 425 0 0 ------------------------------------ Total Current Assets 428 116 360 689 455 863 ------------------------------------ NON-CURRENT ASSETS Investments in Associates 386 702 315 434 346 014 Long-term Derivative Instruments 2 172 3 959 1 125 Long-term Loans and Other Receivables 7 418 9 892 9 072 Investment Properties 184 476 165 815 176 024 Property, Plant, and Equipment 456 339 151 780 446 748 Intangible Assets 14 624 9 054 14 366 Right-of-use Assets 12 498 9 384 11 300 Biological Assets 2 797 0 0 ----------- ------------------------ Total non-current assets 1 067 026 665 318 1 004 649 ----------- ------------------------ TOTAL ASSETS 1 495 142 1 026 007 1 460 512 CURRENT LIABILITIES Loan Liabilities 129 674 107 937 184 259 Lease Liabilities 1 734 1 136 1 766 Payables to Suppliers 88 009 67 704 74 751 Tax Liabilities 12 193 14 955 32 822 Customer Prepayments 479 1 037 3 099 Realized Derivative Instruments 7 081 6 200 1 463 Other Short-term Liabilities 11 367 4 783 10 851 Short-term Derivative Instruments 14 065 44 3 659 ------------------------------------ Total Current Liabilities 264 602 203 796 312 670 ------------------------------------ NON-CURRENT LIABILITIES Long-term Provisions 10 371 7 492 8 399 Deferred Income Tax Liability 33 435 30 268 33 233 Other Long-term Liabilities 29 302 17 524 30 679 Long-term Derivative Instruments 237 0 186 Loan liabilities 306 571 183 082 246 410 Lease liabilities 10 408 8 062 8 725 ------------------------------------ TOTAL NON-CURRENT LIABILITIES 390 324 246 428 327 632 ------------------------------------ TOTAL LIABILITIES 654 926 450 224 640 302 EQUITY Share Capital 2 117 1 985 2 105 Treasury Shares -95 -95 -95 Share Premium 32 484 0 29 344 Statutory Reserve 212 205 205 Option Reserve 5 781 2 595 3 864 Hedging Reserve* -9 103 12 623 24 118 Unrealized Exchange Differences 48 20 -39 Reserve for Post-employment Benefit Obligations -44 0 -44 Retained Earnings 729 579 474 015 466 140 Profit for the Reporting Period 72 983 83 888 293 778 ------------------------------------ Equity Attributable to Owners of the Parent Company 832 942 575 236 819 376 ------------------------------------ Non-controlling Interests 7 274 547 834 ----------- ------------------------ TOTAL EQUITY 840 216 575 783 820 210 ----------- ------------------------ TOTAL EQUITY AND LIABILITIES 1 495 142 1 026 007 1 460 512 * This represents the change in the accounting hedging position, which affects the comprehensive income result. +----------------------------------------+ Numbers presented in thousands of | | euros |6 months 2024 6 months 2023 2023 | +----------------------------------------+ Cash Flows from Operating Activities Profit for the Reporting Period 73 017 83 683 293 830 Adjustments Depreciation and Impairment of Fixed Assets 12 271 6 144 15 581 Change in Value of Investment Properties -156 0 4 074 Profit/Loss from Equity Investments -18 885 -15 447 -39 639 Change in Value of Derivative Instruments 25 168 67 397 54 122 Other Financial Income/Expenses 83 -1 792 -161 965 Accrued Interest Expenses 13 126 8 484 22 573 Profit/Loss from Disposal of Fixed Assets -173 -31 -91 Income from Targeted Financing Recognized in Revenue -84 -313 784 Accrued Income Tax Expense 1 873 5 379 8 610 Income Tax Paid -1 672 -1 -267 Change in Receivables and Prepayments Related to Operating Activities 91 407 151 608 54 540 Change in Inventories 9 606 -39 323 -61 914 Change in Liabilities Related to Operating Activities -27 452 -35 529 -406 Change in Biological Assets 149 0 0 ------------------------------------------ Total Cash Flows from Operating Activities 178 278 230 259 189 832 ------------------------------------------ Cash Flows from investing activities Payments for Purchase of Associates -21 822 -3 927 -10 314 Payments for Purchase of Subsidiaries -5 401 -4 -103 414 Repayments of Loans Granted 1 932 5 844 6 652 Interest Received 2 686 1 834 2 691 Payments for Acquisition of Investment Properties -8 296 -5 275 -18 304 Payments for Acquisition of Property, Plant and other assets -8 213 -8 968 -18 143 Proceeds from Sale of Investment Properties and Fixed Assets 282 33 -252 ------------------------------------------ Total cash Flows from investing activities -38 814 -10 463 -141 084 ------------------------------------------ Cash Flows from Financing Activities Change in Overdraft -15 513 7 499 14 348 Loans Received 107 712 900 287 606 Repayments of Loans Received -92 357 -135 094 -312 846 Repayments of Principal Portion of Lease Liabilities -928 -922 -2 233 Interest Paid -13 070 -8 280 -22 224 Dividends Paid -30 332 -7 875 -15 750 Proceeds from Issuance of Shares 3 152 0 29 464 ------------------------------------------ Total Cash Flows from Financing Activities -41 336 -143 772 -21 635 ------------------------------------------ Total cash flows 98 128 76 024 27 113 Cash and Cash Equivalents at Beginning of Period 87 115 60 002 60 002 Cash and Cash Equivalents at End of Period 185 243 136 026 87 115 Change in Cash and Cash Equivalents 98 128 76 024 27 113 Infortar operates in six countries, the company's main fields of activity are energy, maritime transport, and real estate. Infortar owns a 46,8% stake in AS Tallink Grupp, a 100% stake in AS Eesti Gaas and a versatile and modern real estate portfolio of approx. 113,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, taxi business and many other areas. A total of 103 companies belong to the Infortar group: 48 subsidiaries, 5 affiliated companies and 50 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 1,344 people. Additional information: Kadri Laanvee Investor Relations Manager e-mail: kadri.laanvee@infortar.ee (mailto:kadri.laanvee@infortar.ee) phone: +372 5156662 https://infortar.ee/en/investor