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
7915
Attachments
Submission date and time
03.04.2020 09:00:00
Content of announcement in Estonian
Title
ASi Tallinna Sadam 2019. a auditeeritud majandusaasta aruanne. Dividendiettepaneku ja üldkoosoleku edasilükkamine
Message
ASi Tallinna Sadam (edaspidi ?Tallinna Sadam") nõukogu kiitis heaks juhatuse poolt esitatud 2019. a auditeeritud majandusaasta aruande. 2019. a finantstulemused ei ole muutunud võrreldes 28.02.2020 avaldatud 12-kuu auditeerimata majandustulemustega. Tallinna Sadama kontserni konsolideeritud 2019. a majandusaasta aruanne on lisatud käesolevale teatele ja on kättesaadav ka ettevõtte veebilehel aadressil: https://www.ts.ee/investor/majandusaasta-aruanded/ (https://investor.ts.ee/majandusaasta-aruanded/) . Aasta kokkuvõttes oli Tallinna Sadama grupi müügitulu 130,5 mln eurot ja korrigeeritud EBITDA 74,3 miljonit eurot, mõlemad vähenesid 0,1% jäädes eelmise aasta tasemele. Aasta kasumiks kujunes aga kõigi aegade rekordiline 44,4 mln eurot, mis ületas eelneva aasta kasumit 20,0 mln euro võrra seoses dividendide tulumaksukulu vähenemisega. Kontserni jaotamata kasum seisuga 31.12.2019 oli 51,3 mln eurot. Müügitulu mõjutasid kõige enam reisijate arvu rekord, Muuga-Vuosaari liini hoogne areng, hea teravilja-aasta toel puistlasti mahtude kasv, jäämurdja Botnica pikem suvetöö periood Põhja-Kanadas ja suveperioodil Saaremaa liinil sõitnud lisalaeva reisidelt saadud tulu. Teisalt survestasid tulemusi vedellasti mahtude kõikumine ja üldine langus ning mitmete reisilaevade korralised dokitööd aasta alguses. Lähtudes eelnevast ja üldkoosoleku poolt kinnitatud dividendipoliitikast maksta 2020. aastal dividendi vähemalt 30 mln eurot ja alates aastast 2021 vähemalt 70% puhaskasumist, tegi juhatus aruande kinnitamisel 13. märtsil 2020 ettepaneku maksta 2020. aastal dividendi 0,151 eurot aktsia kohta, kokku summas 39,7 mln eurot. Kuna pärast aruande kinnitamist on eskaleerunud COVID-19 pandeemia, millega kaasneb suur määramatus kriisi kestuse ja mõju ulatuse osas teiste seas ka Tallinna Sadamale, siis kujundab juhatus oma seiskoha ja avaldab nõukoguga kooskõlastatud uue dividendiettepaneku hiljemalt juuni alguses. Seoses COVID-19 pandeemia ja kehtestatud eriolukorraga otsustas juhatus edasi lükata ka eelnevalt 12. maiks 2020 välja kuulutatud korralise üldkoosoleku toimumise juunikuusse. Uus üldkoosoleku kuupäev ja üldkoosoleku kutse koos materjalidega avalikustatakse hiljemalt juuni alguses. Tallinna Sadamale kuulub üks Läänemere suurimaid kauba- ja reisisadamate komplekse, mida läbis 2019. a 10,64 miljonit reisijat ja 19,9 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 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])
Content of announcement in English
Title
AS Tallinna Sadam audited Annual Report 2019. Postponement of dividend proposal and Annual General Meeting
Message
The Supervisory Board of AS Tallinna Sadam (hereinafter: "Tallinna Sadam") approved the audited annual report for 2019 presented by the Management Board. There are no differences in the audited financial results, compared to the 12- month unaudited financial results disclosed on 28 February 2020. The consolidated annual report 2019 of Tallinna Sadam is enclosed to the announcement and is also available on the company's webpage at: https://www.ts.ee/en/investor/annual-reports/. In 2019, the annual revenue was EUR 130.5 million and adjusted EBITDA amounted to EUR 74.3 million, both decreasing by 0.1% staying to the level of previous year. However, the profit for the year was an all-time record of EUR 44.4 million, exceeding the previous year's profit by EUR 20.0 million due to lower dividend income tax expenses. The Group's retained earnings as of 31.12.2019 were EUR 51.3 million. The Group's revenue was mainly influenced by the passenger record, the rapid development of the Muuga-Vuosaari line, the increase in dry bulk, the longer summer work period of the icebreaker Botnica in northern Canada and the revenue from the trips of the additional ferry on the Saaremaa route in summer. On the other hand, the results were pressured by fluctuations and general drop in liquid cargo volumes and regular docking of several passenger vessels at the beginning of the year. Based on the aforesaid and the dividend policy approved by the General Meeting of Shareholders to pay a dividend of at least EUR 30 million in 2020 and at least 70% of the profits from 2021 and forward, upon approval of the annual report on 13 March 2020 the Management Board proposed to pay a dividend of EUR 0.151 per share in 2020, totaling EUR 39.7 million. Since the approval of the report, the COVID-19 pandemic has escalated involving great uncertainty about the duration of the crisis and the extent of its impact on Tallinna Sadam among others, and therefore the Management Board will formulate its position and publish a new dividend proposal coordinated with the Supervisory Board in early June at the latest. Due to the COVID-19 pandemic and the established state of emergency, the Management Board also decided to postpone the Annual General Meeting previously announced to be held on 12 May 2020 to June. The new date of the general meeting and the notice of the general meeting together with the materials will be announced at the beginning of June at the latest. Tallinna Sadam is one of the largest cargo- and passenger port complexes in the Baltic Sea region, which in 2019 serviced 10.64 million passengers and 19.9 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 Botnica for icebreaking and construction services in Estonia and offshore projects abroad. Tallinna Sadam group is also a shareholder of 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])