Market announcement
AS 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
Management interim statement or quarterly financial report
Unique data record identifier
3704
Attachments
Submission date and time
16.05.2012 17:31:49
Content of announcement in Estonian
Title
2012 majandusaasta I kvartali majandustulemused
Message
Tallinn, 2012-05-16 16:31 CEST (GLOBE NEWSWIRE) --
2012 majandusaasta I kvartali majandustulemused
2012 majandusaasta esimeses kvartalis (1. jaanuar – 31. märts) vedasid AS
Tallink Grupp ja tema tütarettevõtted (edaspidi „Kontsern“) kokku 1,84 miljonit
reisijat, mida on veidi enam kui sama perioodi jooksul eelmisel aastal.
Kontserni auditeerimata müügitulu 2012. aasta esimeses kvartalis tõusis 10,6
miljoni euro võrra ehk 6% võrreldes eelmise aasta sama perioodiga, 193,8
miljoni euroni. Müük kasvas enamustes Kontserni tegevustes, üle poole müügitulu
tõusust saavutati reisijatele suunatud teenuste müügist. Peamiselt dünaamilise
hinnastamise ning aktiivse müügi edendamisest tulenevalt kasvas piletite-,
restoranide-, baaride- ja poodide müügitulu kokku 2,6 euro võrra reisija kohta
võrreldes eelmise aasta esimese kvartaliga.
Kontserni 2012. aasta esimese kvartali müügitulu vastas juhatuse ootustele,
hõlmates võrreldes eelmise aasta algusega erinevat müügitaktikat ning
-tegevusi. Aasta alguses ajalooliselt kõrgeima taseme saavutanud kütusehinnad
kasvatasid kütusekulu, mille tulemusel suurem osa käibe kasvust tulemustes ei
avaldu. Käesoleva majandusaasta esimese kvartali auditeerimata brutokasum oli
18,8 miljonit eurot, mis on 1,1 miljoni euro või 6% võrra parem tulemus
võrreldes eelmise aastaga. Laiendatud müügi- ja marketingitegevuste ning
tugiteenuste kulude kasv avaldas mõju 2012. aasta esimese kvartali EBITDA-le,
mis oli 10,2 miljonit eurot, 1 miljon eurot vähem kui eelmisel aastal samal
perioodil.
Esimese kvartali kütusehind oli keskmiselt 32% kõrgem võrreldes eelmise aasta
esimese kvartali keskmise hinnaga, mis kasvatas Kontserni kütusekulu sama
perioodi võrdluses 4,6 miljoni euro võrra. Osade liinide opereerimise ja
väljumise graafikute täiendava optimeerimise tulemusel suutis Kontsern
mõnevõrra vähendada kütusekulu ning seeläbi katta osa kütusehinna tõusust. Kuna
kütusehinnad püsivad jätkuvalt kõrgel ka teises kvartalis, umbes 20% kõrgemal
tasemel võrreldes eelmise aastaga, plaanib juhatus suurendada kütuselisa
laevapiletite müügil.
2012. aasta esimese kvartali auditeerimata puhaskahjum oli 18,95 miljonit eurot
(0.03 eurot aktsia kohta) võrreldes 17,1 miljoni eurose (0,03 eurot aktsia
kohta) puhaskahjumiga samal perioodil aasta tagasi, mis siis hõlmas ka lisaks
1,8 miljonit euro suurust finantstulu tuletisinstrumentidest.
Peamiselt käibekapitali muutustest tulenevalt suurenesid rahavood
operatiivsetest tegevustest esimeses kvartalis 3,9 miljoni euro võrra, mida on
84% enam kui eelmisel aastal. Alates 2012. aastast maksab Kontsern laene tagasi
tavagraafiku alusel, tehes tagasimakseid ka madalhooajal. Esimeses kvartalis
ulatus intressikandvate kohustuste tagasimakse 24,4 miljoni euroni. Esimese
kvartali lõpus oli Kontsernil 49,3 miljonit euro väärtuses raha ja likviidseid
vahendeid, mida on 10 miljoni euro võrra rohkem kui eelmisel aastal samal ajal.
Märtsis suurendas Kontsern arvelduskrediiti 20 miljoni euro võrra, tõstes
kasutamata krediidiliinide mahu 66 miljoni euroni. Kontserni kogulikviidsus,
mis hõlmab raha ja kasutamata krediidilimiite ulatus esimese kvartali lõpus 115
miljoni euroni tagades tugeva finantspositsiooni jätkusuutlikuks
opereerimiseks.
PÕHINÄITAJAD 2012 2011 muutus
jaan-märts jaan-märts
--------------------------------------------------------------------------------
Jätkuvad tegevused EUR EUR
--------------------------------------------------------------------------------
Jätkuvate tegevuste müügitulu (miljonites) 193,8 183,1 5,8%
--------------------------------------------------------------------------------
Jätkuvate tegevuste brutokasum (miljonites) 18,8 20,8 -9,9%
--------------------------------------------------------------------------------
Jätkuvate tegevuste puhaskasum (miljonites) -18,95 -14,0 -34,9%
--------------------------------------------------------------------------------
Kontsern kokku, sh lõpetatud tegevused
--------------------------------------------------------------------------------
Müügitulu (miljonites) 193,8 183,1 5,8%
--------------------------------------------------------------------------------
Brutokasum (miljonites) 18,8 17,8 6,1%
--------------------------------------------------------------------------------
Brutokasumi marginaal 9,7% 9,7%
--------------------------------------------------------------------------------
EBITDA (miljonites) 10,2 11,2 -9,2%
--------------------------------------------------------------------------------
EBITDA marginaal 5,3% 6,1%
--------------------------------------------------------------------------------
Aruande perioodi puhaskasum / -kahjum -18,95 -17,1 -10,5%
(miljonites)
--------------------------------------------------------------------------------
Puhaskasumi marginaal -9,8% -9,4%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Amortisatsioon (miljonites) 17,8 17,9 0,6%
--------------------------------------------------------------------------------
Investeeringud (miljonites) 0,4 0,8 -43,7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate kaalutud keskmine arv** 669 882 040 669 882 040
--------------------------------------------------------------------------------
Aktsiakasum -0,03 -0,03
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Reisijate arv 1 984 735 1 980 069 0,2%
--------------------------------------------------------------------------------
Kaubaveo ühikute arv 72 667 66 635 9,1%
--------------------------------------------------------------------------------
Töötajate keskmine arv 6 702 6 674 0,4%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
31.03.2012 31.12.2011
--------------------------------------------------------------------------------
Varad 1 764,9 1 799,5 -1,9%
--------------------------------------------------------------------------------
Intressi kandvad kohustused (miljonites) 935,9 959,6 -2,3%
--------------------------------------------------------------------------------
Netovõlg (miljonites) 886,6 884,2 0,2%
--------------------------------------------------------------------------------
Omakapital kokku (miljonites) 686,2 705,1 -2,9%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Omakapitali määr 38,9% 39,2%
--------------------------------------------------------------------------------
Netovõla EBITDA suhe 5,5 5,4
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate arv** 669 882 040 669 882 040 0%
--------------------------------------------------------------------------------
Omakapital aktsia kohta 1,02 1,05 -2,9%
--------------------------------------------------------------------------------
EBITDA – finantstulude ja -kulude, maksude, kulumi eelne kasum;
Aktsiakasum – Puhaskasum / Kaalutud keskmine aktsiate arv;
Omakapitali määr – Omakapital kokku / Varad kokku;
Omakapital aktsia kohta – Omakapital / Aktsiate arv;
Brutokasumi marginaal – Brutokasum / Müügitulu;
EBITDA marginaal – EBITDA / Müügitulu;
Puhaskasumi marginaal – Puhaskasum / Müügitulu;
Netovõlg – Intressikandvad kohustused – raha ja ekvivalendid;
Netovõla EBITDA suhe – Netovõlg / 12-kuu EBITDA;
** Ei sisalda omaaktsiaid.
KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE
(auditeerimata, tuhandetes eurodes)
VARAD 31.03.2012 31.12.2011
======================================================================
Käibevara
----------------------------------------------------------------------
Raha ja raha ekvivalendid 49,296 75,421
Nõuded ostjate vastu ja muud nõuded 35,671 35,152
Ettemaksed 15,990 7,087
Varud 24,788 25,198
Käibevara kokku 125,745 142,858
----------------------------------------------------------------------
Põhivara
----------------------------------------------------------------------
Investeeringud sidusettevõtetesse 226 226
Muud finantsvarad 2,290 2,551
Edasilükkunud tulumaksuvara 9,452 9,452
Kinnisvarainvesteering 300 300
Materiaalne põhivara 1,566,858 1,583,002
Immateriaalne põhivara 60,067 61,153
-----------------------------------------------
Põhivara kokku 1,639,193 1,656,684
----------------------------------------------------------------------
-----------------------------------------------
VARAD KOKKU 1,764,938 1,799,542
----------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL
======================================================================
Lühiajalised kohustused
----------------------------------------------------------------------
Intressikandvad võlakohustused 155,718 145,261
Võlad tarnijatele ja muud võlad 93,328 86,793
Ettemakstud tulud 26,681 25,226
Tuletisinstrumendid 22,668 22,668
Lühiajalised kohustused kokku 298,395 279,948
----------------------------------------------------------------------
Pikaajalised kohustused
-----------------------
----------------------------------------------------------------------
Intressikandvad võlakohustused 780,169 814,305
Muud kohustused 177 198
----------------------------------------------------------------------
Pikaajalised kohustused kokku 780,346 814,503
----------------------------------------------------------------------
Kohustused kokku 1,078,741 1,094,451
----------------------------------------------------------------------
OMAKAPITAL
----------------------------------------------------------------------
Emaettevõtja aktsionäridele kuuluv omakapital
----------------------------------------------------------------------
----------------------------------------------------------------------
Aktsiakapital nimiväärtuses 404,290 404,290
Ülekurss 639 639
Reservid 70,554 70,497
Jaotamata kasum 210,714 229,665
----------------------------------------------------------------------
Emaettevõtte omanikele kuuluv omakapital kokku 686,197 705,091
----------------------------------------------------------------------
OMAKAPITAL KOKKU 686,197 705,091
----------------------------------------------------------------------
----------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL KOKKU 1,764,938 1,799,542
----------------------------------------------------------------------
KONSOLIDEERITUD RAHAVOOGUDE ARUANNE
(auditeerimata, tuhandetes eurodes) 01.01.2012 - 01.01.2011-
31.03.2012 31.03.2011
Rahavood äritegevusest
Aruandeperioodi puhaskasum/-kahjum -18,951 -17,147
Korrigeerimised 28,618 27,639
Äritegevusega seotud varade muutused -8,745 -10,059
Äritegevusega seotud kohustuste muutused 7,573 4,183
Makstud tulumaks -8 -11
--------------------------------------------------------------------------------
8,487 4,605
--------------------------------------------------------------------------------
------------------------------------------------------
Rahavood investeerimistegevusest
Materiaalse põhivara ja immateriaalse põhivara -431 -766
soetamine
Laekumised materiaalse põhivara müügist 0 49
Maksed tuletisinstrumentidest -839 -1,236
Saadud intressid 74 12
--------------------------------------------------------------------------------
-1,196 -1,941
--------------------------------------------------------------------------------
------------------------------------------------------
Rahavood finantseerimistegevusest
Laenude tagasimaksed -24,383 0
Kapitalirendi põhimaksete tasumine -22 -21
Makstud intressid -9,011 -8,305
-33,416 -8,326
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
RAHAVOOD KOKKU -26,125 -5,662
--------------------------------------------------------------------------------
------------------------------------------------------ ------------
Raha ja raha ekvivalendid
- perioodi alguses 75,421 44,946
- suurenemine (+) / vähenemine (-) -26,125 -5,662
--------------------------------------------------------------------------------
- perioodi lõpus 49,296 39,284
--------------------------------------------------------------------------------
KONSOLIDEERITUD KOONDKASUMIARUANNE
(auditeerimata, tuhandetes eurodes) 01.01.2012- 01.01.2011-
31.03.2012 31.03.2011
================================================================================
Jätkuvad tegevused
Müügitulu 193,794 183,147
Müüdud kaupade ja teenuste kulu -174,980 -162,275
Brutokasum 18,814 20,872
--------------------------------------------------------------------------------
Turustuskulud -15,772 -14,871
Halduskulud -10,729 -9,862
Muud äritulud 156 344
Muud ärikulud -20 -10
--------------------------------------------------------------------------------
Kasum/-kahjum äritegevusest -7,551 -3,527
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finantstulud 72 1,857
Finantskulud -11,472 -12,375
Kasum/-kahjum jätkuvatest tegevustest -18,951 -14,045
--------------------------------------------------------------------------------
Tulumaks 0 0
Aruandeperioodi puhaskasum/-kahjum -18,951 -14,045
--------------------------------------------------------------------------------
------------------------------------------------------- ------------
Kasum/-kahjum lõpetatud tegevustest 0 -3,102
--------------------------------------------------------------------------------
Aruandeperioodi puhaskasum/-kahjum -18,951 -17,147
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Muu koondkasum/-kahjum
Valuutakursi vahed välisettevõtetest 57 -34
Perioodi muu koondkasum/-kahjum kokku 57 -34
--------------------------------------------------------------------------------
Perioodi koondkasum/-kahjum kokku -18,894 -17,181
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Sh.
Emaettevõtte omanike osa puhaskasumist/-kahjumist -18,951 -17,147
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Sh.
Emaettevõtte omanike osa koondkasumist/-kahjumist -18,894 -17,181
Kasum/-kahjum aktsia kohta (EUR-ides ühe aktsia kohta)
- tava -0.03 -0.03
- lahustatud -0.03 -0.03
--------------------------------------------------------------------------------
Janek Stalmeister
Juhatuse liige
AS Tallink Grupp
Tel +372 640 9800
E-mail [email protected]
Harri Hanschmidt
Investorsuhete juht
AS Tallink Grupp
Sadama 5/7, 10111 Tallinn
Tel +372 640 8981
E-mail [email protected]
Content of announcement in English
Title
Q1 results of the 2012 financial year
Message
Tallinn, 2012-05-16 16:31 CEST (GLOBE NEWSWIRE) --
Q1 results of the 2012 financial year
In the first quarter (1 January – 31 March) of the 2012 financial year AS
Tallink Grupp and its subsidiaries (the Group) carried total of 1.84 million
passengers, slightly more than in the same period of the last year. The Group’s
unaudited revenue for the first quarter of 2012 increased by EUR 10.6 million
or nearly 6% year on year to the total of EUR 193.8 million. The sales in most
of the Group’s services increased whereas over half of the total revenue
increase was achieved through improved passenger related sales. The total of
ticket sales, restaurants, bars and shop sales increased by EUR 2.6 per
passenger year on year reflecting the emphasis on the active sales onboard the
vessels as well as continuous work on the dynamic pricing.
The Group’s revenue development in the first quarter of the 2012 financial year
was in line with the Management expectations incorporating different sales
tactics and activities in the beginning of the year compared to the previous
year. However the record high fuel prices have increased the Group’s fuel costs
eliminating the impact of the total revenue improvement. The unaudited gross
profit for the first quarter of 2012 was EUR 18.8 million which is EUR 1.1
million or 6% higher than last year. Influenced by higher expenses related to
increased activities in sales, marketing and support functions the Group’s
EBITDA in the first quarter of the 2012 financial year was EUR 10.2 million,
one million euros less than year ago.
Derived from the 32% higher average fuel price for the first quarter, compared
with the same period of the last year, the Group’s fuel costs increased by EUR
4.6 million. Part of the fuel price increase was mitigated by optimisation of
the timetables and operating schedules which help to reduce the fuel
consumption. As the fuel prices in the second quarter are remaining at high
levels, currently approximately 20% higher than year ago, the management is
planning to further increase the fuel surcharges in the ticket pricing.
The unaudited net loss for the first quarter of 2012 financial year was EUR
18.95 million (0.03 EUR per share) compared to the net loss of EUR 17.1 million
(0.03 EUR per share) year ago which then also included EUR 1.8 million income
from the interest rates derivatives.
As an effect of the improved working capital development the cash flow from
operating activities in the first quarter increased by EUR 3.9 million or 84%
compared to the same period of the last year. In 2012 the Group has returned to
its original loan repayment schedules with the repayments also in the low
season. In the first quarter of 2012 the Group repaid EUR 24.4 million of its
interest bearing debt. In the end of the first quarter the Group had EUR 49.3
million in cash and equivalents which is EUR 10 million more than in the same
time of the previous year. In March the Group increased its overdraft credit
lines by approximately EUR 20 million bringing the total unused credit lines to
EUR 66 million. The total liquidity, cash and unused credit facilities at the
end of the first quarter was EUR 115 million providing strong position for the
sustainable operations.
Q1 KEY FIGURES 2012 2011 change
Jan-Mar Jan-Mar
--------------------------------------------------------------------------------
Continuing operations
--------------------------------------------------------------------------------
Revenue from continuing EUR million 193.8 183.1 5.8%
operations
--------------------------------------------------------------------------------
Gross profit from continuing EUR million 18.8 20.8 -9.9%
operations
--------------------------------------------------------------------------------
Net profit from continuing EUR million -18.95 -14.0 -34.9%
operations
--------------------------------------------------------------------------------
Group total including the discontinued
operations
--------------------------------------------------------------------------------
Revenue EUR 193.8 183.1 5.8%
million
--------------------------------------------------------------------------------
Gross profit EUR 18.8 17.8 6.1%
million
--------------------------------------------------------------------------------
Gross margin (%) 9.7% 9.7%
--------------------------------------------------------------------------------
EBITDA EUR 10.2 11.2 -9.2%
million
--------------------------------------------------------------------------------
EBITDA margin (%) 5.3% 6.1%
--------------------------------------------------------------------------------
Net profit for the period EUR -18.95 -17.1 -10.5%
million
--------------------------------------------------------------------------------
Net profit margin (%) -9.8% -9.4%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Depreciation and amortization EUR 17.8 17.9 0.6%
million
--------------------------------------------------------------------------------
Investments EUR 0.4 0.8 -43.7%
million
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted average number of ordinary shares 669 882 040 669 882
outstanding 040
--------------------------------------------------------------------------------
Earnings per share EUR -0.03 -0.03
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of passengers 1 984 735 1 980 069 0.2%
--------------------------------------------------------------------------------
Number of cargo units 72 667 66 635 9.1%
--------------------------------------------------------------------------------
Average number of employees 6 702 6 674 0.4%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
31.03.2012 31.12.2011
--------------------------------------------------------------------------------
Total assets EUR 1 764.9 1 799.5 -1.9%
million
--------------------------------------------------------------------------------
Interest-bearing liabilities EUR 935.9 959.6 -2.3%
million
--------------------------------------------------------------------------------
Net debt EUR 886.6 884.2 0.2%
million
--------------------------------------------------------------------------------
Total equity EUR 686.2 705.1 -2.9%
million
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Equity ratio (%) 38.9% 39.2%
--------------------------------------------------------------------------------
Net debt to EBITDA 5.5 5.4
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of ordinary shares 669 882 040 669 882 0%
outstanding1 040
--------------------------------------------------------------------------------
Shareholders’ equity per share EUR 1.02 1.05 -2.9%
--------------------------------------------------------------------------------
EBITDA: Earnings before net financial items, share of profit of equity
accounted investees, taxes, depreciation and amortization;
Earnings per share: net profit / weighted average number of shares outstanding;
Equity ratio: total equity / total assets;
Shareholder’s equity per share: shareholder’s equity / number of shares
outstanding;
Gross margin: gross profit / net sales;
EBITDA margin: EBITDA / net sales;
Net profit margin: net profit / net sales;
Net debt: Interest bearing liabilities less cash and cash equivalents;
Net debt to EBITDA: Net debt / 12-months trailing EBITDA.
1 Share numbers exclude own shares.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(unaudited, in thousands of EUR) 01.01.2012- 01.01.2011-
31.03.2012 31.03.2011
================================================================================
Continuing operations
Revenue 193,794 183,147
Cost of sales -174,980 -162,275
Gross profit 18,814 20,872
--------------------------------------------------------------------------------
Marketing expenses -15,772 -14,871
Administrative expenses -10,729 -9,862
Other income 156 344
Other expenses -20 -10
--------------------------------------------------------------------------------
Results from operating activities -7,551 -3,527
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finance income 72 1,857
Finance costs -11,472 -12,375
Profit/-loss before income tax -18,951 -14,045
--------------------------------------------------------------------------------
Income tax 0 0
--------------------------------------------------------------------------------
Net profit/-loss from continuing operations -18,951 -14,045
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Profit/-loss from discontinued operation 0 -3,102
--------------------------------------------------------------------------------
Net profit/-loss for the period -18,951 -17,147
--------------------------------------------------------------------------------
------------------------------------------------------- ------------
Other comprehensive income/-expense
Exchange differences on translating foreign operations 57 -34
Other comprehensive income/-expense for the period 57 -34
--------------------------------------------------------------------------------
Total comprehensive income/-expense for the period -18,894 -17,181
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Profit/-loss attributable to:
Equity holders of the parent -18,951 -17,147
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Total comprehensive income/-expense attributable to:
Equity holders of the parent -18,894 -17,181
Earnings per share (in EUR per share)
- basic -0.03 -0.03
- diluted -0.03 -0.03
--------------------------------------------------------------------------------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(unaudited, in thousands of EUR)
ASSETS 31.03.2012 31.12.2011
================================================================================
Current assets
--------------------------------------------------------------------------------
Cash and cash equivalents 49,296 75,421
Trade and other receivables 35,671 35,152
Prepayments 15,990 7,087
Inventories 24,788 25,198
Total current assets 125,745 142,858
--------------------------------------------------------------------------------
Non-current assets
--------------------------------------------------------------------------------
Investments in associates 226 226
Other financial assets 2,290 2,551
Deferred income tax assets 9,452 9,452
Investment property 300 300
Property, plant and equipment 1,566,858 1,583,002
Intangible assets 60,067 61,153
---------------------------------------------------------
Total non-current assets 1,639,193 1,656,684
--------------------------------------------------------------------------------
---------------------------------------------------------
TOTAL ASSETS 1,764,938 1,799,542
--------------------------------------------------------------------------------
LIABILITIES AND EQUITY
================================================================================
Current liabilities
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 155,718 145,261
Trade and other payables 93,328 86,793
Deferred income 26,681 25,226
Derivatives 22,668 22,668
Total current liabilities 298,395 279,948
--------------------------------------------------------------------------------
Non-current liabilities
-----------------------
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 780,169 814,305
Other liabilities 177 198
--------------------------------------------------------------------------------
Total non-current liabilities 780,346 814,503
--------------------------------------------------------------------------------
TOTAL LIABILITIES 1,078,741 1,094,451
--------------------------------------------------------------------------------
EQUITY
--------------------------------------------------------------------------------
Equity attributable to equity holders of the parent
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Share capital 404,290 404,290
Share premium 639 639
Reserves 70,554 70,497
Retained earnings 210,714 229,665
--------------------------------------------------------------------------------
Total equity attributable to equity holders of the 686,197 705,091
parent
--------------------------------------------------------------------------------
TOTAL EQUITY 686,197 705,091
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL LIABILITIES AND EQUITY 1,764,938 1,799,542
--------------------------------------------------------------------------------
CONSOLIDATED CASH FLOW STATEMENT
(unaudited, in thousands of EUR) 01.01.2012 - 01.01.2011-
31.03.2012 31.03.2011
Cash flows from operating activities
Net profit/-loss for the period -18,951 -17,147
Adjustments 28,618 27,639
Changes in assets related to operating activities -8,745 -10,059
Changes in liabilities related to operating 7,573 4,183
activities
Income tax paid -8 -11
--------------------------------------------------------------------------------
8,487 4,605
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow used for investing activities
Purchase of property, plant and equipment and -431 -766
intangible assets
Proceeds from disposals of property, plant and 0 49
equipment
Payments from settlement of derivatives -839 -1,236
Interest received 74 12
--------------------------------------------------------------------------------
-1,196 -1,941
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow from (+)/ used for (-) financing activities
Redemption of loans -24,383 0
Repayment of finance lease liabilities -22 -21
Interest paid -9,011 -8,305
-33,416 -8,326
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL NET CASH FLOW -26,125 -5,662
--------------------------------------------------------------------------------
------------------------------------------------------ ------------
Cash and cash equivalents:
- at the beginning of period 75,421 44,946
- increase (+) / decrease (-) -26,125 -5,662
--------------------------------------------------------------------------------
Cash and cash equivalents at end of period 49,296 39,284
--------------------------------------------------------------------------------
Janek Stalmeister
Member of the Management Board, CFO
AS Tallink Grupp
Tel +372 640 9800
E-mail [email protected]
Harri Hanschmidt
Head of Investor Relations
AS Tallink Grupp
Sadama 5/7. 10111 Tallinn
Tel +372 640 8981
E-mail [email protected]