Market announcement
Aktsiaselts Tallink Grupp
LEI code
529900QRMWAKKR3L9W75
Size of the entity
Large group
Economic activities
Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, Transportation and Storage, Accommodation and Food Service Activities, Administrative and Support Service Activities
Country of registered office
Estonia
General information
Categories
Annual financial report
Unique data record identifier
17206
Attachments
Submission date and time
16.04.2025 16:30:51
Content of announcement in Estonian
Title
AS-i Tallink Grupp auditeeritud 2024. majandusaasta aruanne
Message
AS-i Tallink Grupp nõukogu kiitis 16. aprillil 2025 toimunud koosolekul heaks
auditeeritud 2024. majandusaasta aruande ja saadab selle kinnitamiseks
aktsionäride üldkoosolekule.
Finantstulemuste osas ei ole auditeeritud aastaaruandes erinevusi võrreldes 20.
veebruaril avaldatud auditeerimata vahearuandega.
AS-i Tallink Grupp auditeeritud 2024. majandusaasta aruanne ESEF formaadis koos
sõltumatu vandeaudiitori aruandega on lisatud käesolevale teatele ning tehakse
kättesaadavaks AS-i Tallink Grupp kodulehel aadressil:
https://company.tallink.com/for-investors/reports-and-financial-key-figures.
AS Tallink Grupp koos tütarettevõtetega (kontsern) vedas 2024. aastal (1.
jaanuar - 31. detsember) kokku 5,6 miljonit reisijat ehk 2,2% vähem kui 2023.
aastal. 2023. aastaga võrreldes vähenes veetud kaubaveoühikute arv 6,4% ja
veetud sõiduautode arv 7,5%.
Kontserni auditeeritud konsolideeritud müügitulu oli 785,8 miljonit eurot (2023:
835,3 miljonit eurot), langedes aastaga 5,9%. Laevaliinide opereerimise
(kontserni põhitegevus) müügitulu vähenes 2023. aastaga võrreldes 6,9 miljoni
euro võrra 638,9 miljoni euroni. Kontserni EBITDA oli 175,2 miljonit eurot
(2023: 214,5 miljonit eurot) ja aruandeperioodi auditeeritud puhaskasum
40,3 miljonit eurot (2023: 78,9 miljonit eurot).
2024. aastal mõjutasid kontserni müügitulu ja tegevustulemusi järgmised tegurid:
* Nõudlust mõjutasid jätkuvalt tarbijate ja ettevõtete vähenenud kindlustunne,
majandusprobleemid kontserni põhiturgudel ja globaalsed geopoliitilised
pinged.
* Majandusaasta lõpu seisuga opereeris kontsern 14 laeva, sealhulgas
2 kiirlaeva, 2 kaubalaeva, 5 liine teenindavat kruiisilaeva ja 3 (aasta
alguses 4) välja prahitud laeva; 2 laeva seisid jõude.
* Kontsern pikendas kruiisilaeva Galaxy I prahilepingut kuni 2025. aasta
oktoobrini pikendamisvõimalusega 6+6 kuuks ja sõlmis kruiisilaeva Silja
Europa prahilepingu kuni 2025, aasta juunini pikendamisvõimalusega 7+6+6
kuuks.
* Kontsern müüs 2024. aasta jaanuaris kruiisilaeva Isabelle.
* Kontsern opereeris 3 hotelli Tallinnas ja 1 hotelli Riias.
* Kontserni netovõlg oli majandusaasta lõpu seisuga 537,7 miljonit eurot
(31. detsembril 2023: 607,3 miljonit eurot), mille tulemusel tõusis netovõla
ja EBITDA suhtarv seisuga 31. detsember 2024 3,07-ni.
* 2024. aastal moodustasid laenu tagasimaksed ja nendega seotud intressikulud
116,1 miljonit eurot.
* Dividende maksti 44,6 miljoni euro ulatuses ja sellega seotud tulumaksukulu
oli 9,2 miljonit eurot.
* Vabatahtliku ülevõtmispakkumise tulemusena suurenes kontserni põhiaktsionäri
AS Infortar osalus 9. augustil 2024 46,8%-lt 68,5%-le. AS Tallink Grupp
jätkab iseseisva börsiettevõttena ka pärast seda, kui AS-ist Infortar sai
kontserni enamusaktsionär.
* Kontsern keskendub jätkuvalt kulude kokkuhoiule varem rakendatud meetmete
abil ja tegevuse kasumlikuna hoidmisele oma põhiliinidel.
* Kontsern jälgib oma põhiliinide arengut, sealhulgas tegevusmahte igal
liinil, ning otsib jätkuvalt uusi prahtimisvõimalusi laevadele, mis ei ole
põhiliinidel kasutuses, ja võimalusi olemasolevate prahilepingute
pikendamiseks.
Põhinäitajad
31. detsembril
lõppenud aasta
kohta 2024 2023 2022 2021 2020
-------------------------------------------------------------------------------
Müügitulu
(miljonites
eurodes) 785,8 835,3 771,4 476,9 442,9
Brutokasum/-kahjum
(miljonites
eurodes) 153,6 203,8 113,5 21,7 -43,5
EBITDA¹
(miljonites
eurodes) 175,2 214,5 135,8 58,3 8
EBIT¹ (miljonites
eurodes) 77,4 113,3 37,7 -37 -92,6
Aruandeperioodi
puhaskasum/-kahjum
(miljonites
eurodes) 40,3 78,9 13,9 -56,6 -108,3
Amortisatsioon
(miljonites
eurodes) 97,8 101,2 98,1 95,3 100,7
Investeeringud¹ ²
(miljonites
eurodes) 22,4 28,2 203,3 20,2 100,1
Aktsiate kaalutud
keskmine arv 743 569 064 743 569 064 743 569 064 694 444 381 669 882 040
Kasum/-kahjum
aktsia kohta¹
(eurodes) 0,05 0,11 0,02 -0,08 -0,16
Reisijate arv¹ 5 580 016 5 705 600 5 462 085 2 961 975 3 732 102
Kaubaveoühikute
arv¹ 303 234 323 990 409 769 369 170 359 811
Keskmine töötajate
arv¹ 4 964 4 879 5 023 4 360 6 104
Seisuga 31.
detsember 2024 2023 2022 2021 2020
-------------------------------------------------------------------------------
Varad kokku
(miljonites
eurodes) 1 463,90 1 555,20 1 691,60 1 585,90 1 516,20
Kohustused kokku
(miljonites
eurodes) 681,6 769,5 984,7 893,4 801,9
Intressikandvad
kohustused
(miljonites
eurodes) 556,4 649,3 853,5 779,9 705,1
Netovõlg¹
(miljonites
eurodes) 537,7 607,3 738,6 652,4 677,3
Netovõla ja EBITDA
suhe¹ 3,1 2,8 5,4 11,2 84,2
Omakapital kokku
(miljonites
eurodes) 782,3 785,8 706,9 692,5 714,3
Omakapitali määr¹
(%) 53,40% 50,50% 41,80% 43,70% 47,10%
Lihtaktsiate arv 743 569 064 743 569 064 743 569 064 743 569 064 669 882 040
Omakapital aktsia
kohta¹ (eurodes) 1,05 1,06 0,95 0,93 1,07
Suhtarvud¹ 2024 2023 2022 2021 2020
-------------------------------------------------------------------------------
Brutomarginaal (%) 19,50% 24,40% 14,70% 4,50% -9,80%
EBITDA marginaal
(%) 22,30% 25,70% 17,60% 12,20% 1,80%
EBIT marginaal (%) 9,90% 13,60% 4,90% -7,80% -20,90%
Puhaskasumi/-
kahjumi marginaal
(%) 5,10% 9,40% 1,80% -11,90% -24,50%
ROA (%) 5,10% 7,00% 2,40% -2,40% -6,10%
ROE (%) 5,20% 10,60% 2,10% -8,20% -14,10%
ROCE (%) 6,00% 8,40% 3,10% -2,80% 7,20%
Lühiajalise
võlgnevuse
kattekordaja 0,5 0,5 0,7 0,6 0,4
¹ ESMA suunistel põhinevad alternatiivsed tulemuslikkusnäitajad on avalikustatud
peatükis ?Alternatiivsed tulemuslikkusnäitajad".
(2) Ei sisalda kasutusõiguse varade lisandumisi.
Konsolideeritud kasumi- ja muu koondkasumi aruanne
31. detsembril lõppenud aasta kohta, tuhandetes eurodes 2024 2023
-------------------------------------------------------------------------------
Müügitulu 785 822 835 325
Müüdud kaupade ja teenuste kulud -632 266 -631 491
-------------------------------------------------------------------------------
Brutokasum/-kahjum 153 556 203 834
Müügi- ja turunduskulud -43 849 -42 162
Üldhalduskulud -52 853 -52 401
Nõuete allahindlus 7 -71
Muud äritulud 21 684 4 275
Muud ärikulud -1 115 -171
-------------------------------------------------------------------------------
Kasum/kahjum äritegevusest 77 430 113 304
Finantstulud 938 1 332
Finantskulud -29 198 -36 864
Kapitaliosaluse meetodil arvestatud kasum/kahjum 0 -75
-------------------------------------------------------------------------------
Kasum/kahjum enne tulumaksu 49 170 77 697
Tulumaks -8 896 1 175
Puhaskasum/-kahjum 40 274 78 872
Emaettevõtte omanikele kuuluv puhaskasum/-kahjum 40 274 78 872
Muu koondkasum
Kirjed mida võidakse edaspidi ümber klassifitseerida
kasumiaruandesse
Välismaiste äriüksuste ümberarvestusel tekkinud
valuutakursivahed 332 -172
-------------------------------------------------------------------------------
Muu koondkasum/-kahjum 332 -172
Koondkasum/-kahjum kokku 40 606 78 700
Emaettevõtte omanikele kuuluv koondkasum/-kahjum kokku 40 606 78 700
Tava- ja lahustatud aktsiakahjum (eurodes aktsia kohta) 0,054 0,106
-------------------------------------------------------------------------------
Konsolideeritud finantsseisundi aruanne
Seisuga 31. detsember, tuhandetes eurodes 2024 2023
-----------------------------------------------------------------------------
VARAD
Raha ja raha ekvivalendid 18 705 41 921
Nõuded ostjate vastu ja muud nõuded 25 268 31 766
Ettemaksed 8 764 7 661
Tulumaksu ettemakse 0 193
Varud 48 083 41 411
-----------------------------------------------------------------------------
Käibevara 6 901 122 952
107 721
Kapitaliosaluse meetodil kajastatud investeeringud 0
Muud finantsvarad ja ettemaksed 518 4 794
Edasilükkunud tulumaksu vara 21 840 21 840
Kinnisvarainvesteeringud 300 300
Materiaalne põhivara 1 310 000 1 377 664
Immateriaalne vara 23 562 27 671
-----------------------------------------------------------------------------
Põhivara 1 356 220 1 432 269
VARAD KOKKU 1 463 941 1 555 221
KOHUSTUSED JA OMAKAPITAL
Intressikandvad võlakohustused 104 549 104 097
Võlad tarnijatele ja muud võlad 95 146 85 406
Võlad omanikele 6 6
Tulumaksukohustus 7 10
Ettemakstud tulud 30 102 34 788
-----------------------------------------------------------------------------
Lühiajalised kohustused 229 810 224 307
Intressikandvad võlakohustused 451 825 545 160
-----------------------------------------------------------------------------
Pikaajalised kohustused 451 825 545 160
-----------------------------------------------------------------------------
Kohustused kokku 681 635 769 467
Aktsiakapital 349 477 349 477
Ülekurss 663 663
Reservid 65 901 67 056
Jaotamata kasum 366 265 368 558
-----------------------------------------------------------------------------
Emaettevõtte omanikele kuuluv omakapital 782 306 785 754
Omakapital kokku 782 306 785 754
-----------------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL KOKKU 1 463 941 1 555 221
Konsolideeritud rahavoogude aruanne
31. detsembril lõppenud aasta kohta, tuhandetes eurodes 2024 2023
--------------------------------------------------------------------------
RAHAVOOD ÄRITEGEVUSEST
Aruandeperioodi puhaskasum/-kahjum 40 274 78 872
Korrigeerimised:
Amortisatsioon 97 751 101 224
Puhaskasum/-kahjum materiaalse põhivara müügist -18 260 -15
Neto intressikulu 28 008 35 290
Kapitaliosaluse meetodil arvestatud kahjum 0 75
Realiseerimata kasum/kahjum valuutakursi muutustest 288 -198
Kahjum investeeringutest 560 123
Tulumaks 8 896 -1 175
--------------------------------------------------------------------------
Korrigeerimised 117 243 135 324
Muutused:
Äritegevusega seotud nõuetes 6 481 -378
Äritegevusega seotud ettemaksetes -776 1 718
Varudes -13 573 -1 446
Äritegevusega seotud kohustustes 8 505 -10 457
--------------------------------------------------------------------------
Muutused varades ja kohustustes 637 -10 563
Äritegevusest teenitud raha 158 154 203 633
Makstud tulumaks -4 740 -186
--------------------------------------------------------------------------
RAHAVOOD ÄRITEGEVUSEST KOKKU 153 414 203 447
RAHAVOOD INVESTEERIMISTEGEVUSEST
Materiaalse põhivara ja immateriaalse vara soetamine -22 260 -28 131
Laekumised materiaalse põhivara müügist 24 555 613
Laekunud intressid 938 1 332
--------------------------------------------------------------------------
RAHAVOOD INVESTEERIMISTEGEVUSEST KOKKU 3 233 -26 186
RAHAVOOD FINANTSEERIMISTEGEVUSEST
Saadud laenud 0 59 972
Laenude tagasimaksed -87 045 -251 431
Arvelduskrediidi muutus 0 -15
Rendimaksete tasumine -18 659 -21 519
Makstud intressid -29 095 -32 827
Laenudega seotud tehingukulude tasumine -450 -4 455
Makstud dividendid -44 614 0
RAHAVOOD FINANTSEERIMISTEGEVUSEST KOKKU -179 863 -250 275
RAHAVOOD KOKKU -73 014
--------------------------------------------------------------------------
-23 216
Raha ja raha ekvivalendid perioodi alguses 41 921 114 935
Raha ja raha ekvivalentide muutus -23 216 -73 014
--------------------------------------------------------------------------
Raha ja raha ekvivalendid perioodi lõpus 18 705 41 921
Anneli Simm
Investorsuhete juht
AS Tallink Grupp
Sadama 5
10111 Tallinn
E-mail [email protected] (mailto:[email protected])
Tel: +372 56157170
Content of announcement in English
Title
AS Tallink Grupp Audited Annual Report for the Financial Year 2024
Message
On 16 April 2025 the Supervisory Board of AS Tallink Grupp approved the audited
annual report for 2024 and will submit it to the General Meeting of Shareholders
for approval.
Compared to the unaudited interim report published on February 20 there are no
differences in the audited annual report in terms of the financial results.
The audited annual report of AS Tallink Grupp for the financial year 2024 in
ESEF format together with the independent auditor's report is attached to this
release and will be made available on the website of AS Tallink Grupp at
https://company.tallink.com/for-investors/reports-and-financial-key-figures.
In the financial year 2024 (1 January - 31 December), AS Tallink Grupp and its
subsidiaries (the Group) carried 5.6 million passengers, which is down 2.2%
compared to the financial year 2023. The number of cargo units transported
decreased by 6.4% compared to the previous financial year and the number of
passenger cars transported decreased by 7.5%, year-on-year.
The Group's audited consolidated revenue amounted to EUR 785.8 million (EUR
835.3 million in the financial year 2023), down 5.9% year-on-year. Revenue from
the route operations (the Group's core business) decreased by EUR 6.9 million to
EUR 638.9 million compared to the financial year 2023. The Group's EBITDA was
EUR 175.2 million (EUR 214.5 million in the financial year 2023) and the audited
net profit for the period was EUR 40.3 million (EUR 78.9 million in the
financial year 2023).
The following operational factors impacted the Group's revenue and operating
results in 2024:
* Demand continued to be affected by low consumer and business confidence,
economic challenges in the Group's core markets and global geopolitical
tensions.
* As at the end of the financial year, the Group operated 14 vessels including
2 shuttle vessels, 2 cargo vessels, 5 cruise ferries, 3 vessels that were
chartered out (4 at the beginning of the year) and 2 vessels that were laid
up.
* The Group extended the charter agreement of the cruise ferry Galaxy I until
October 2025 with an extension option of 6+6 months and signed an agreement
for the chartering of the cruise ferry Silja Europa until June 2025 with an
extension option of 7+6+6 months.
* The Group sold the cruise ferry Isabelle in January 2024.
* The Group operated 3 hotels in Tallinn and 1 in Riga.
* The Group's net debt was EUR 537.7 million as at the end of the financial
year (EUR 607.3 million as at 31 December 2023) bringing the net debt to
EBITDA ratio to 3.07 as at 31 December 2024.
* In the financial year 2024, total loan repayment and related interest
expense amounted to EUR 116.1 million.
* The Group paid dividends in the amount of EUR 44.6 million and related
income tax expense in the amount of EUR 9.2 million.
* As a result of a voluntary takeover bid, the shareholding of AS Infortar,
the core shareholder of the Group, increased from 46.8% to 68.5% as at 9
August 2024. AS Tallink Grupp continues as an independent listed company
also after AS Infortar became the majority shareholder of the Group.
* The Group continues to focus on cost efficiencies from the previously
implemented measures and maintaining profitable operations on its core
routes.
* The Group monitors the developments on its core routes including the
capacity of each route and continues to look for new chartering options for
vessels not used on the main routes and to work on extending the existing
charter agreements.
Key figures
For the year ended
31 December 2024 2023 2022 2021 2020
-------------------------------------------------------------------------------
Revenue (EUR
million) 785.8 835.3 771.4 476.9 442.9
Gross profit/loss
(EUR million) 153.6 203.8 113.5 21.7 -43.5
EBITDA¹ (EUR
million) 175.2 214.5 135.8 58.3 8
EBIT¹ (EUR
million) 77.4 113.3 37.7 -37 -92.6
Net profit/loss
for the period
(EUR million) 40.3 78.9 13.9 -56.6 -108.3
Depreciation and
amortisation¹ (EUR
million) 97.8 101.2 98.1 95.3 100.7
Capital
expenditures¹
²(EUR million) 22.4 28.2 203.3 20.2 100.1
Weighted average
number of ordinary
shares outstanding 743 569 064 743 569 064 743 569 064 694 444 381 669 882 040
Earnings/loss per
share¹ (EUR) 0.05 0.11 0.02 -0.08 -0.16
Number of
passengers¹ 5 580 016 5 705 600 5 462 085 2 961 975 3 732 102
Number of cargo
units¹ 303 234 323 990 409 769 369 170 359 811
Average number of
employees¹ 4 964 4 879 5 023 4 360 6 104
As at 31 December 2024 2023 2022 2021 2020
-------------------------------------------------------------------------------
Total assets (EUR
million) 1 463.90 1 555.20 1 691.60 1 585.90 1 516.20
Total liabilities
(EUR million) 681.6 769.5 984.7 893.4 801.9
Interest-bearing
liabilities¹ (EUR
million) 556.4 649.3 853.5 779.9 705.1
Net debt¹ (EUR
million) 537.7 607.3 738.6 652.4 677.3
Net debt to
EBITDA¹ 3.1 2.8 5.4 11.2 84.2
Total equity (EUR
million) 782.3 785.8 706.9 692.5 714.3
Equity ratio¹ (%) 53.40% 50.50% 41.80% 43.70% 47.10%
Number of ordinary
shares outstanding 743 569 064 743 569 064 743 569 064 743 569 064 669 882 040
Shareholders'
equity per share
(EUR) 1.05 1.06 0.95 0.93 1.07
Ratios¹ 2024 2023 2022 2021 2020
-------------------------------------------------------------------------------
Gross margin (%) 19.50% 24.40% 14.70% 4.50% -9.80%
EBITDA margin (%) 22.30% 25.70% 17.60% 12.20% 1.80%
EBIT margin (%) 9.90% 13.60% 4.90% -7.80% -20.90%
Net profit/loss
margin (%) 5.10% 9.40% 1.80% -11.90% -24.50%
ROA (%) 5.10% 7.00% 2.40% -2.40% -6.10%
ROE (%) 5.20% 10.60% 2.10% -8.20% -14.10%
ROCE (%) 6.00% 8.40% 3.10% -2.80% 7.20%
Current ratio 0.5 0.5 0.7 0.6 0.4
¹ Alternative performance measures based on ESMA guidelines are disclosed in the
"Alternative performance measures" section of the report.
(2) Does not include additions to right-of-use assets.
Consolidated statement of profit or loss and other comprehensive income
For the year ended 31 December, in thousands of EUR 2024 2023
-------------------------------------------------------------------------------
Revenue 785 822 835 325
Cost of sales -632 266 -631 491
-------------------------------------------------------------------------------
Gross profit/loss 153 556 203 834
Sales and marketing expenses -43 849 -42 162
Administrative expenses -52 853 -52 401
Impairment loss on receivables 7 -71
Other operating income 21 684 4 275
Other operating expenses -1 115 -171
-------------------------------------------------------------------------------
Result from operating activities 77 430 113 304
Finance income 938 1 332
Finance costs -29 198 -36 864
Share of profit/loss of equity-accounted investees 0 -75
-------------------------------------------------------------------------------
Profit/loss before income tax 49 170 77 697
Income tax -8 896 1 175
Net profit/loss 40 274 78 872
Net profit/loss attributable to equity holders of the Parent 40 274 78 872
Other compherensive income
Items that may be reclassified to profit or loss
Exchange differences on translating foreign operations 332 -172
-------------------------------------------------------------------------------
Other comprehensive income 332 -172
Total comprehensive income 40 606 78 700
Total comprehensive income attributable to equity holders of
the Parent 40 606 78 700
Basic and diluted loss per share (in EUR) 0.054 0.106
-------------------------------------------------------------------------------
Consolidated statement of financial position
As at 31 December, in thousands of EUR 2024 2023
------------------------------------------------------------------------------
ASSETS
Cash and cash equivalents 18 705 41 921
Trade and other receivables 25 268 31 766
Prepayments 8 764 7 661
Prepaid income tax 0 193
Inventories 48 083 41 411
------------------------------------------------------------------------------
Current assets 6 901 122 952
107 721
Investments in equity-accounted investees 0
Other financial assets and prepayments 518 4 794
Deferred income tax assets 21 840 21 840
Investment property 300 300
Property, plant and equipment 1 310 000 1 377 664
Intangible assets 23 562 27 671
------------------------------------------------------------------------------
Non-current assets 1 356 220 1 432 269
TOTAL ASSETS 1 463 941 1 555 221
LIABILITIES AND EQUITY
Interest-bearing loans and borrowings 104 549 104 097
Trade and other payables 95 146 85 406
Payables to owners 6 6
Income tax liability 7 10
Deferred income 30 102 34 788
------------------------------------------------------------------------------
Current liabilities 229 810 224 307
Interest-bearing loans and borrowings 451 825 545 160
------------------------------------------------------------------------------
Non-current liabilities 451 825 545 160
------------------------------------------------------------------------------
Total liabilities 681 635 769 467
Share capital 349 477 349 477
Share Premium 663 663
Reserves 65 901 67 056
Retained earnings 366 265 368 558
------------------------------------------------------------------------------
Equity attributable to equity holders of the Parent 782 306 785 754
Total equity 782 306 785 754
------------------------------------------------------------------------------
TOTAL LIABILITIES AND EQUITY 1 463 941 1 555 221
Consolidated statement of cash flows
For the year ended 31 December, in thousands of EUR 2024 2023
-------------------------------------------------------------------------------
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit/loss for the period 40 274 78 872
Adjustments for:
Depreciation and amortisation 97 751 101 224
Net gain/loss on disposals of property, plant and equipment -18 260 -15
Net interest expense 28 008 35 290
Loss from equity-accounted investees 0 75
Net unrealised foreign exchange gain/loss 288 -198
Loss from investments 560 123
Income tax 8 896 -1 175
-------------------------------------------------------------------------------
Adjustments 117 243 135 324
Changes in:
Receivables related to operating activities 6 481 -378
Prepayments related to operating activities -776 1 718
Inventories -13 573 -1 446
Liabilities related to operating activities 8 505 -10 457
-------------------------------------------------------------------------------
Changes in assets and liabilities 637 -10 563
Cash generated from operating activities 158 154 203 633
Income tax paid -4 740 -186
-------------------------------------------------------------------------------
NET CASH FROM/USED IN OPERATING ACTIVITIES 153 414 203 447
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment and intangible
assets -22 260 -28 131
Proceeds from disposals of property, plant and equipment 24 555 613
Interest received 938 1 332
-------------------------------------------------------------------------------
NET CASH USED IN INVESTING ACTIVITIES 3 233 -26 186
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loans received 0 59 972
Repayment of loans received -87 045 -251 431
Change in overdraft 0 -15
Payment of lease liabilities -18 659 -21 519
Interest paid -29 095 -32 827
Payment of transaction costs related to loans -450 -4 455
Dividends paid -44 614
NET CASH FROM FINANCING ACTIVITIES -179 863 -250 275
TOTAL NET CASH FLOW -23 216 -73 014
-------------------------------------------------------------------------------
Cash and cash equivalents at the beginning of period 41 921 114 935
Change in cash and cash equivalents -23 216 -73 014
-------------------------------------------------------------------------------
Cash and cash equivalents at the end of period 18 705 41 921
Anneli Simm
Investor Relations Manager
AS Tallink Grupp
Sadama 5
10111 Tallinn, Estonia
E-mail [email protected] (mailto:[email protected])
Phone: +372 56157170