Market announcement

AS TALLINNA SADAM

LEI code

25490093MDYISEP1Y539

Size of the entity

Large group

Economic activities

Electricity, Gas, Steam and Air Conditioning Supply, Transportation and Storage

Country of registered office

Estonia

General information

Categories

Annual financial report

Unique data record identifier

7197

Submission date and time

02.04.2019 09:00:00

Content of announcement in Estonian

Title

ASi Tallinna Sadam 2018. a auditeeritud majandusaasta aruanne ja dividendiettepanek

Message

ASi  Tallinna Sadam (edaspidi ?Tallinna Sadam") juhatus esitas nõukogule 2018. a
auditeeritud majandusaasta aruande, mille nõukogu heaks kiitis. Finantstulemused
ei  ole, võrreldes 27.02.2019 avaldatud 12-kuu auditeerimata majandustulemustega
(https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=877045&me
ssageId=1103784), muutunud.

Tallinna  Sadama  kontserni  konsolideeritud  2018. a  majandusaasta  aruanne on
lisatud  käesolevale  teatele  ja  on  kättesaadav  ka  ettevõtte  investoritele
suunatud kodulehel aadressil: https://investor.ts.ee/majandusaasta-aruanded/ .

2018. aasta  müügitulu oli 130,6 mln  eurot, kasvades aastaga  9,3 mln eurot ehk
7,7%. Korrigeeritud   EBITDA   oli  74,4 miljonit  eurot  ehk  11,8% suurem  kui
2017.aastal. Aasta  puhaskasumiks kujunes 24,4 mln eurot,  mis jäi eelmise aasta
puhaskasumile  alla 2,0 mln euro võrra,  14,2 mln euro võrra suurema dividendide
tulumaksukulu  tõttu 2018. aastal  seoses rekorddividendi  maksmisega. Kontserni
jaotamata kasum seisuga 31.12.2018 oli 42,1 mln eurot.

Müügitulu suurenemist mõjutasid kõige enam multifunktsionaalse jäämurdja Botnica
töö  juunist  novembrini  Kanada  põhjaosas  eskort-  ja  jääseire  laevana ning
vedellasti  mahtude ja  -tulude kasv.  Aasta tulemusse  andis olulise  panuse ka
suveperioodil Saaremaa liinil sõitnud lisalaeva reisidelt saadud tulu.

Lähtudes  eelnevast ja üldkoosoleku poolt kinnitatud dividendipoliitikast maksta
aastatel  2019 ja 2020 dividendi vähemalt  30 mln eurot ja  alates aastast 2021
vähemalt  70% puhaskasumist,  teeb  Tallinna  Sadama juhatus nõukogu heakskiidul
kasumi  jaotamise  ettepaneku  aktsionäride  üldkoosolekule  maksta 2019. aastal
dividendi 0,134 eurot aktsia kohta, kokku summas 35,242 mln eurot.

Dividendide  maksmisega seotud  olulised kuupäevad  avalikustatakse üldkoosoleku
kutses hiljemalt 23.04.2019.

Tallinna  Sadamale  kuulub  üks  Läänemere  suurimaid  kauba-  ja  reisisadamate
komplekse,  mida  läbis  2018. a  10,6 miljonit  reisijat ja 20,6 miljonit tonni
kaupa.   Lisaks   reisijate  ja  kaubavedude  teenindamisele  tegutseb  ettevõte
laevanduse  ärivaldkonnas  läbi  oma  tütarettevõtete  -  OÜ TS Laevad korraldab
parvlaevaühendust  Eesti mandri ja  suursaarte vahel ning  OÜ TS Shipping osutab
multifunktsionaalse  jäämurdjaga  m/l  Botnica  jäämurde ja konstruktsioonilaeva
teenust  Eestis  ja  offshore  projektides.  Tallinna  Sadama  gruppi  kuulub ka
jäätmekäitlusega tegelev sidusettevõte AS Green Marine.





Marko Raid
Finantsjuht / juhatuse liige



Lisainfo:

Marju Zirel
Investorsuhete juht
[email protected] (mailto:[email protected])

Manus

  * Tallinna Sadam Aastaaruanne 2018 (https://ml-
    eu.globenewswire.com/Resource/Download/08760449-6859-4b55-8b94-2595ac8c105b)

Content of announcement in English

Title

AS Tallinna Sadam audited Annual Report 2018 and dividend proposal

Message

The  Management  Board  of  AS  Tallinna  Sadam  (hereinafter: "Tallinna Sadam")
presented  to the  Supervisory Board  the audited  Annual Report 2018, which the
Supervisory  Board approved. There  are no differences  in the audited financial
results,     compared    to    the 12-month    unaudited    financial    results
(https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=877045&me
ssageId=1103785) disclosed on 27 February 2019.

The  consolidated Group Annual Report 2018 of Tallinna Sadam is enclosed to this
announcement  and  is  also  available  on  the  company's  investor webpage at:
https://investor.ts.ee/en/annual-reports/ .

The annual revenue of 2018 amounted to EUR 130.6 million, increasing by EUR 9.3
million,  i.e. 7.7% year on year. The  adjusted EBITDA was EUR 74.4 million i.e.
11.8% higher  compared to 2017. The net profit  amounted to EUR 24.4 million, an
annual  decrease  of  EUR  2.0 million  due  to EUR 14.2 million higher dividend
income  tax expense  in 2018 in  connection with  the payment  of a  record high
dividend. The Group's retained earnings as of 31.12.2018 were EUR 42.1 million.

The  increase  in  the  Group's  revenue  was  mainly  influenced by the work of
multifunctional icebreaker Botnica as an escort and ice management vessel in the
northern  part of Canada from  June to November; and  the growth of liquid cargo
volumes  and revenues. Also, the revenue from  the trips of the additional ferry
on the Saaremaa route in summer contributed significantly to the annual results.

Based  on the aforesaid and the dividend  policy approved by the General Meeting
of Shareholders to pay a dividend of at least EUR 30 mln in 2019 and 2020 and at
least  70% of the profits from 2021 and  forward, the Management Board, with the
approval  of  the  Supervisory  Board,  will  propose  to the General Meeting of
Shareholders  to pay  a dividend  of EUR  0.134 per share  in 2019, totaling EUR
35.242 mln.

Material  dates related  to the  payment of  dividends will  be disclosed in the
notice  of the general  meeting the latest  on 23 April 2019. The Annual General
Meeting of Shareholders will be held on 14 May 2019.

Tallinna  Sadam is one of the largest cargo- and passenger port complexes in the
Baltic  Sea  region,  which  in  2018 serviced 10.6 million passengers and 20.6
million  tons of cargo. In addition  to passenger and freight services, Tallinna
Sadam  group also  operates in  shipping business  via its  subsidiaries - OÜ TS
Laevad  provides ferry  services between  the Estonian  mainland and the largest
islands,  and OÜ TS Shipping charters its multifunctional vessel m/v Botnica for
icebreaking  and construction services in  Estonia and offshore projects abroad.
Tallinna  Sadam group  is also  a shareholder  in an  associate AS Green Marine,
which provides waste management services.


Marko Raid
CFO, Member of the Management Board


Additional information:

Marju Zirel
Head of Investor Relations
AS Tallinna Sadam
[email protected] (mailto:[email protected])

Attachment

  * Tallinna Sadam Group Annual Report 2018 (https://ml-
    eu.globenewswire.com/Resource/Download/04a03023-6130-43bb-bbc6-32c5a2cdd7ad)