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
Management interim statement or quarterly financial report
Unique data record identifier
9935
Attachments
Submission date and time
10.11.2022 08:00:00
Content of announcement in Estonian
Title
ASi Tallinna Sadam 2022 III kvartali ja 9 kuu majandustulemused
Message
III kvartalis kasvasid aasta võrdluses nii Tallinna Sadama kontserni müügitulu,
korrigeeritud EBITDA kui ka kasum. Müügitulu moodustas III kvartalis 36 miljonit
eurot kasvades võrreldes eelmise aasta sama perioodiga 13%. Kontserni
korrigeeritud EBITDA oli III kvartalis 18 miljonit eurot (+5%) ja kasum 12
miljonit eurot (+11%). 9 kuu kokkuvõttes oli müügitulu 93 mln eurot (+15%),
korrigeeritud EBITDA 47 miljonit eurot (+14%) ja kasum 24 miljonit eurot (+26%).
Kontserni tulemusi mõjutasid oluliselt COVID-19 pandeemia piirangute kaotamine
ja reisijate arvu taastumine, aga ka kaubamahtude jätkuv langus. Piirangute
kaotamise ja reisijate kindlustunde suurenemise mõjul kasvas reisijate arv 9
kuuga üle kahe korra, seda eelkõige Helsingi liinil (+137%), lisaks enam kui
kolmekordistus kruiisireisijate arv. Võrreldes pandeemia eelse 2019. aastaga
oleme reisijate arvus siiski veel 40% madalamal tasemel. Kaubamahtude languse
taga on eelkõige puistlasti ja vedellasti mahtude neljandat kvartalit järjest
kestev langus. Laevanduses toetasid tugevat kolmandat kvartalit kasvava nõudluse
põhised Regula lisareisid ja jäämurdja Botnica 100% kasutusmäär.
Nii 9 kuu kui III kvartali müügitulu ja kasumi kasvu vedas reisijate äri
jätkuvalt tugev taastumine, mis kattis ka kaubaäri sanktsioonide negatiivsed
mõjud majandustulemustele. Reisisadamate 9 kuu müügitulu ja korrigeeritud EBITDA
ületasid isegi kogu 2021. aasta tulemust. Samas süvenes inflatsiooni surve
tegevuskuludele ja tööjõukuludele, mis kokkuvõttes vähendas EBITDA marginaali.
Kehtestatud sanktsioonide negatiivne mõju on kujunenud oodatust väiksemaks,
2022. aastal on see hinnanguliselt 2,5 mln eurot, kuna sanktsioone on rakendatud
aasta jooksul järk järgult.
Tallinna Sadama juhatus tutvustab kontserni finantstulemusi 10. novembril
veebiseminaridel, sh kell 10.00 toimub veebiseminar eesti keeles (link
eestikeelsele seminarile (https://teams.microsoft.com/l/meetup-
join/19%3ameeting_M2I1ZTY1MDItOWE1ZS00ZDg4LWJhMmUtOWRlMjI1NDZlMGEw%40thread.v2/0
?context=%7B%22Tid%22%3A%223c572f71-c808-4685-aa00-
2ca59a11c7e2%22%2C%22Oid%22%3A%22a6492212-75ef-498f-8735-75f88c5d463a%22%2C%22Is
BroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a)) ja kell
11.00 toimub seminar inglise keeles (link ingliskeelsele seminarile
(https://teams.microsoft.com/l/meetup-
join/19%3ameeting_ZTgwZGZmNjQtMzYzOC00NWFkLWFkODAtNDk0YTViMGYwMTY2%40thread.v2/0
?context=%7B%22Tid%22%3A%223c572f71-c808-4685-aa00-
2ca59a11c7e2%22%2C%22Oid%22%3A%22a6492212-75ef-498f-8735-75f88c5d463a%22%2C%22Is
BroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a)).
Peamised finantsnäitajad (mln EUR):
III kv III kv +/- 9 kuud 9 kuud +/-
2022 2021 % 2022 2021 %
Müügitulu 36,3 32,3 12,6 93,5 81,5 14,7
Korrigeeritud EBITDA 18,0 17,1 5,4 46,9 41,2 13,7
Korrigeeritud EBITDA marginaal 49,6% 52,9% -3,3 50,2% 50,6% -0,4
Ärikasum 11,8 10,7 11,0 28,2 23,1 21,9
Tulumaks 0 0 0 -4,1 -3,3 25,5
Perioodi kasum/-kahjum 11,7 10,6 10,7 24,0 19,1 25,6
Investeeringud 3,5 2,3 51,3 12,4 10,2 21,6
30.09.2022 31.12.2021 +/-
Varade maht 622,4 629,5 -1,1%
Intressi kandvad võlakohustused 159,5 203,3 -21,5%
Muud kohustused 47,1 45,3 3,9%
Omakapital 379,3 380,9 -0,4%
Aktsiate arv 263,0 263,0 0,0%
Olulisemad sündmused III kvartalis:
* Tegevuse lõpetamine Paljassaare sadamas
* Konkurentsiamet lõpetas järelevalvemenetluse Worldwide Cargo Establishment'i
leppetrahvi osas
* Riik ei kasuta reisiparvlaevade väljaostu optsiooni
* Uus nõukogu koosseis alustas tööd juulist, muudatused auditikomitees ja
tasustamiskomitees
* Muudatused TS Shipping ja Green Marine nõukogudes
* Toimus investorpäev ?Tuleviku tuultes"
Müügitulu
Müügitulu kasvas 2022. aasta 9 kuuga 11,9 mln eurot (+15%) 93,5 mln euroni.
Kasvu panustas eelkõige müügitulude suurenemine 25% teises kvartalis, mis
omakorda oli toetatud reisijate arvu kasvust ja suurematest tuludest ka mandri-
Eesti ja suursaarte vahelisest üleveoteenusest. Kasvasid kõik tululiigid peale
kaubatasu, mis langes pisut, enim kasvas reisijatasude tulu (+111%),
kasutusrendi tulu (+13%), laevatasude tulu (+6%) ja üleveoteenuse tulu (+13%).
Reisisadamate segmendi müügitulu suurenes 9 kuuga 46% eelneva aasta suhtes
peamiselt reisijatasu tulu suurenemise tõttu seoses reisijate arvu kiire kasvuga
ning laevatasude kasvuga. Kasvas ka renditulu tulenevalt uute pindade kasutusele
võtmisest ja elektrienergia müügitulu. III kvartalis kasvas müügitulu võrreldes
aasta varasemaga 34% 13,0 mln euroni.
Kaubasadamate segmendi 9 kuu müügitulu langes võrreldes aasta varasemaga 1,4 mln
eurot (-4,6%). Laevatasud vähenesid 13% (-2,0 mln eurot) seoses mahukaupade
langusega (puist- ja vedellast). Lisaks laevatasudele vähenesid ka kaubatasud
(-143 tuh eurot). Kaubatasude langus oli võrreldes kaubamahtude langusele
tunduvalt väiksem seoses kaubamahu struktuuri muutusega. Renditulu kasvas (+281
tuh eurot) seoses tasumäärade muudatustega ja elektrienergia müük suurenes (+659
tuh eurot). III kvartali võrdluses langes kaubasadamate segmendi müügitulu 1,5
mln eurot.
Reisiparvlaevade segmendi tulu kasvas 9 kuuga 3,2 mln eurot (+13,7%) nii
üleveoteenuste tulu kui renditulu kasvu tõttu. Üleveoteenuste tulu on suurenenud
lepingulise tasu tõusust tulenevalt Eesti kütuse-, tööjõu- ja
tarbijahinnaindeksi tõusust kui ka reiside arvu kasvust. III kvartali võrdluses
kasvas reisiparvlaevade segmendi müügitulu 1,6 mln eurot (+18,5%).
Muu segmendi müügitulu kasvas 9 kuuga 10,2%, III kvartalis kasvas müügitulu
22,2%. Müügitulude kasvu toetas lepingulise tasu muutus tulenevalt tasude
indekseerimisest.
EBITDA
Korrigeeritud EBITDA kasvas 5,6 mln euro võrra (+13,7%) 46,9 mln euroni. Suurima
panuse kasvu andis reisisadamate segment (+6,7 mln eurot) ja reisiparvlaevad
(+1,4 mln eurot). Kaubasadamate korrigeeritud EBITDA kahanes 3,2 mln euro võrra
tulenevalt kaubamahtude langusest. III kvartalis tõusis EBITDA võrreldes eelmise
aastaga 0,9 mln eurot (+5,4%). Suurima panuse III kvartali EBITDA kasvu andis
reisisadamate segment (+2,1 mln eurot). 9 kuu korrigeeritud EBITDA marginaal
kahanes 50,6%-lt 50,2%-le ja III kvartali marginaal langes 52,9%-lt 49,6%-le.
Kasum
9 kuu kasum 24,0 mln eurot oli eelmise aasta tulemusest 4,9 mln eurot parem
(+25,6%). III kvartali kasum oli 11,7 mln eurot (+1,1 mln) eurot. Tulumaksueelne
kasum kasvas 9 kuu võrdluses 5,7 mln eurot (+25,6%), moodustades 28,1 mln eurot.
Investeeringud
2022. aasta 9 kuuga investeeris kontsern 12,4 mln eurot, mis oli 2,2 mln eurot
enam kui aasta varem. Investeeringud olid peamiselt seotud Vanasadamas
reisiterminali D ümbritseva välisruumi rekonstrueerimise, laevade
teenindusseadmete uuendamisega ja kaldakindlustuse rekonstrueerimisega ning
Muuga sadamas ro-ro kauba teenindusvõimsuse suurendamisega.
III kvartali investeeringute summaks kujunes 3,5 mln eurot (2021. aasta III
kvartalis 2,3 mln eurot).
Lühendatud konsolideeritud finantsseisundi aruanne:
tuhandetes eurodes 30.09.2022 31.12.2021
----------------------------------------------------------------
VARAD
Käibevara
Raha ja raha ekvivalendid 36 416 34 840
Nõuded ostjate vastu ja muud nõuded 11 117 14 151
Lepingulised varad 457 0
Varud 507 399
Käibevara kokku 48 497 49 390
Põhivara
Investeeringud sidusettevõtetesse 2 118 1 559
Muud pikaajalised nõuded 379 896
Materiaalne põhivara 569 384 575 563
Immateriaalne põhivara 2 006 2 130
Põhivara kokku 573 887 580 148
----------------------------------------------------------------
Varad kokku 622 384 629 538
----------------------------------------------------------------
KOHUSTISED
Lühiajalised kohustised
Võlakohustised 15 916 15 916
Eraldised 1 253 1 572
Sihtfinantseerimine 551 1 223
Maksuvõlad 1 603 890
Võlad tarnijatele ja muud võlad 10 159 10 291
Lepingulised kohustised 1 839 57
Lühiajalised kohustised kokku 31 321 29 949
Pikaajalised kohustised
Võlakohustised 180 015 187 398
Sihtfinantseerimine 30 422 29 835
Muud võlad 504 652
Lepingulised kohustised 778 809
Pikaajalised kohustised kokku 211 719 218 694
----------------------------------------------------------------
Kohustised kokku 243 040 248 643
----------------------------------------------------------------
OMAKAPITAL
Aktsiakapital nimiväärtuses 263 000 263 000
Ülekurss 44 478 44 478
Kohustuslik reservkapital 22 115 21 271
Eelmiste perioodide jaotamata kasum 25 791 26 534
Perioodi kasum 23 960 25 612
----------------------------------------------------------------
Omakapital kokku 379 344 380 895
----------------------------------------------------------------
Kohustised ja omakapital kokku 622 384 629 538
----------------------------------------------------------------
Lühendatud konsolideeritud kasumiaruanne
tuhandetes eurodes III kv 2022 III kv 2021 9 kuud 2022 9 kuud 2021
-------------------------------------------------------------------------------
Müügitulu 36 325 32 263 93 460 81 511
Muud tulud 412 379 1 140 1 037
Tegevuskulud -12 763 -10 081 -31 267 -25 454
Tööjõukulud -5 885 -5 370 -16 210 -15 114
Põhivara kulum ja väärtuse
langus -6 191 -6 405 -18 703 -18 502
Muud kulud -55 -116 -249 -369
Ärikasum 11 843 10 670 28 171 23 109
-------------------------------------------------------------------------------
Finantstulud ja -kulud
Finantstulud 32 23 97 60
Finantskulud -404 -341 -1 011 -1 082
Finantstulud ja -kulud kokku -372 -318 -914 -1 022
-------------------------------------------------------------------------------
Kapitaliosaluse meetodil
arvestatud
kasum investeeringutelt
sidusettevõttesse 237 224 814 265
Kasum enne tulumaksustamist 11 708 10 576 28 071 22 352
-------------------------------------------------------------------------------
Tulumaks 0 0 -4 111 -3 275
Perioodi kasum 11 708 10 576 23 960 19 077
-------------------------------------------------------------------------------
Emaettevõtja omanike osa
perioodi kasumist 11 708 10 576 23 960 19 077
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Tava ja lahjendatud
puhaskasum aktsia kohta
(eurodes) 0,04 0,04 0,09 0,07
Tava ja lahjendatud
puhaskasum aktsia kohta
- jätkuvad tegevused
(eurodes) 0,04 0,04 0,09 0,07
-------------------------------------------------------------------------------
Lühendatud konsolideeritud rahavoogude aruanne:
tuhandetes eurodes 9 kuud 2022 9 kuud 2021
---------------------------------------------------------------------------
Kaupade või teenuste müügist laekunud raha 101 077 87 777
Muude tulude eest laekunud raha 135 83
Maksed tarnijatele -38 682 -30 919
Maksed töötajatele ja töötajate eest -14 673 -13 877
Maksed muude kulude eest -296 -376
Makstud tulumaks dividendidelt -4 335 -3 440
Äritegevusest laekunud raha 43 226 39 248
---------------------------------------------------------------------------
Materiaalse põhivara soetamine -12 932 -11 516
Immateriaalse põhivara soetamine -346 -525
Materiaalse põhivara müük 91 523
Saadud põhivara sihtfinantseerimisest 4 924 0
Saadud dividendid 255 0
Saadud intressid 3 2
Investeerimistegevuses kasutatud raha -8 005 -11 516
---------------------------------------------------------------------------
Saadud laenude tagasimaksed -7 383 -7 383
Makstud dividendid -25 287 -20 085
Makstud intressid -968 -1 218
Muud finantseerimistegevusest tulenevad maksed -7 -1
Finantseerimistegevuses(t) laekunud/kasutatud raha -33 645 -28 687
---------------------------------------------------------------------------
RAHAVOOG KOKKU 1 576 -955
---------------------------------------------------------------------------
Raha ja raha ekvivalendid perioodi alguses 34 840 26 679
Raha ja raha ekvivalentide muutus 1 576 -955
Raha ja raha ekvivalendid perioodi lõpus 36 416 25 724
---------------------------------------------------------------------------
Tallinna Sadamale kuulub üks Läänemere suurimaid kauba- ja reisisadamate
komplekse, mida läbib aastas keskmiselt 10 miljonit reisijat ja 20 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. Kontserni 2021. a
müügitulu oli 110 miljonit eurot, korrigeeritud EBITDA 54 miljonit eurot ning
kasum 26 miljonit eurot.
Lisainfo:
Marju Zirel
Investorsuhete juht
Tel. +372 53 42 6591
E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
AS Tallinna Sadam financial results for 2022 Q3 and 9 months
Message
In the third quarter, Tallinna Sadam Group's revenue, adjusted EBITDA and profit
increased year-on-year. Group revenue amounted to EUR 36 million in the third
quarter, increasing by 13% compared to the same period last year. The group's
adjusted EBITDA in the third quarter was EUR 18 million (+5%) and the profit was
EUR 12 million (+11%). In the 9-month summary, the revenue was EUR 93 million
(+15%), the adjusted EBITDA was EUR 47 million (+14%) and the profit was EUR 24
million (+26%).
The Group's results were strongly affected by the lifting of the COVID-19
restrictions and recovery of passenger numbers, as well as the continued decline
in cargo volumes. As a result of lifting the restrictions and increased
passenger confidence, the number of passengers more than doubled in 9 months,
especially on the Helsinki route (+137%), in addition, the number of cruise
passengers more than tripled. However, compared to the pre-pandemic level of
2019, we are still 40% below in passenger numbers. The decline in cargo volumes
is mainly due to the fourth consecutive quarter of decline in dry bulk and
liquid bulk cargo volumes. In shipping, the strong third quarter was supported
by additional voyages of ferry Regula based on growing demand; and chartering of
Botnica at 100% utility rate.
The revenue and profit growth in both 9 months and the third quarter was driven
by the continued strong recovery of the passenger business, which also covered
the negative effects of the sanctions on cargo business. The 9-month revenue and
adjusted EBITDA of the passenger harbours segment even exceeded the segment's
result of full year 2021. At the same time, the pressure of inflation on
operating and labor costs strengthened, which reduced the EBITDA margin. The
negative impact of the imposed sanctions has turned out to be smaller than
expected, in 2022 it is estimated at EUR 2.5 million, as the sanctions have been
implemented gradually during the year.
Tallinna Sadam management will present the financial results of the Group at a
webinars on 10 November, including webinar in Estonian starting at 10.00 (EET)
(link to EST webinar (https://teams.microsoft.com/l/meetup-
join/19%3ameeting_M2I1ZTY1MDItOWE1ZS00ZDg4LWJhMmUtOWRlMjI1NDZlMGEw%40thread.v2/0
?context=%7B%22Tid%22%3A%223c572f71-c808-4685-aa00-
2ca59a11c7e2%22%2C%22Oid%22%3A%22a6492212-75ef-498f-8735-75f88c5d463a%22%2C%22Is
BroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a)) and
webinar in English starting at 11.00 (EET) (link to ENG webinar
(https://teams.microsoft.com/l/meetup-
join/19%3ameeting_ZTgwZGZmNjQtMzYzOC00NWFkLWFkODAtNDk0YTViMGYwMTY2%40thread.v2/0
?context=%7B%22Tid%22%3A%223c572f71-c808-4685-aa00-
2ca59a11c7e2%22%2C%22Oid%22%3A%22a6492212-75ef-498f-8735-75f88c5d463a%22%2C%22Is
BroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a)).
Key figures (in million EUR):
Q3 Q3 +/- 9M 9M +/-
2022 2021 % 2022 2021 %
Revenue 36.3 32.3 12.6 93.5 81.5 14.7
Adjusted EBITDA 18.0 17.1 5.4 46.9 41.2 13.7
Adjusted EBITDA margin 49.6% 52.9% -3.3 50.2% 50.6% -0.4
Operating profit 11.8 10.7 11.0 28.2 23.1 21.9
Income tax 0 0 0 -4.1 -3.3 25.5
Profit for the period 11.7 10.6 10.7 24.0 19.1 25.6
Investments 3.5 2.3 51.3 12.4 10.2 21.6
30.09.2022 31.12.2021 +/-
Total assets 622.4 629.5 -1.1%
Interest bearing debt 159.5 203.3 -21.5%
Other liabilities 47.1 45.3 3.9%
Equity 379.3 380.9 -0.4%
Number of shares 263.0 263.0 0.0%
Major events in Q3:
* Closing of operations in Paljassaare Harbour
* The Competition Authority terminated supervision proceedings regarding the
contractual penalty of Worldwide Cargo Establishment
* The state will not exercise the option to purchase the ferries
* New composition of the supervisory board took office in July, changes on the
audit committee and remuneration committee
* Changes in the supervisory boards of TS Shipping and Green Marine
* AS Tallinna Sadam investor day 'In the Winds of the Future'
Revenue
Revenue for the 9 months of 2022 grew by EUR 11.9 million (+14.7%) year on year
to EUR 93.5 million. Growth was driven by 25% revenue growth in the second
quarter, supported by an increase in the number of passengers as well as higher
revenue from the operation of ferry service between Estonia's mainland and two
largest islands. All revenue streams increased except cargo charge, which fell
slightly. The most increase came from passenger fee (+111%), operating lease
(+13%), vessel dues (+6%) and ferry service revenue (+13%).
The nine-month revenue of the Passenger harbours segment grew by 46% year on
year, mainly due to growth in passenger fee revenue through a surge in passenger
numbers and growth in vessel dues. The segment also increased its lease income
by leasing out new premises and electricity sales revenue which was supported by
a rise in electricity prices. In the third quarter, revenue grew by 34% year on
year to EUR 13.0 million.
The nine-month revenue of the Cargo harbours segment decreased by EUR 1.4
million year on year (-4.6%). The segment's vessel dues revenue dropped by EUR
2.0 million (-13%) due to a decline in dry bulk and liquid bulk cargo. Cargo
charges decreased (EUR -143 thousand) as well but the decline in cargo charges
was significantly smaller than the decrease in cargo throughput due to changes
in the cargo structure. Lease income grew by EUR 281 thousand due to changes in
lease rates and electricity sales revenue increased by EUR 659 thousand.
In the third quarter, the revenue of the Cargo harbours segment decreased by EUR
1.5 million year on year.
The nine-month revenue of the Ferry segment grew by EUR 3.2 million (+13.7%) due
to growth in both ferry service revenue and lease income. Ferry service revenue
grew through a rise in contractual fees due to an increase in the Estonian fuel
cost, employment cost and consumer price indices and growth in the number of
trips. In the third quarter, the revenue of the Ferry segment grew by EUR 1.6
million year on year (+18.5%).
The revenue of the segment Other grew by 10.2% in the first nine months and by
22.2% in the third quarter. Revenue growth was supported by the revision of the
contractual fee due to the indexation of the fee rates.
EBITDA
Adjusted EBITDA for the first nine months grew by EUR 5.6 million (+13.7%) year
on year to EUR 46.9 million. The strongest contributors were the Passenger
harbours segment (EUR +6.7 million) and the Ferry segment (EUR +1.4 million). In
the Cargo harbours segment, adjusted EBITDA decreased by EUR 3.2 million due to
smaller cargo throughput. In the third quarter, EBITDA grew by EUR 0.9 million
(+5.4%) year on year. The strongest contributor was the Passenger harbours
segment (EUR +2.1 million). The adjusted EBITDA margin for nine months decreased
from 50.6% to 50.2% and the adjusted EBITDA margin for the third quarter
decreased from 52.9% to 49.6% compared with the same period last year.
Profit
Profit for the first nine months amounted to EUR 24.0 million, exceeding the
profit for the comparative period by EUR 4.9 million (+25.6%). Third-quarter
profit was EUR 11.7 million (EUR +1.1 million). Profit before tax for the first
nine months grew by EUR 5.7 million (+25.6%) compared with the same period last
year, rising to EUR 28.1 million.
Investments
In the first nine months of 2022, the Group invested EUR 12.4 million, EUR 2.2
million more than a year earlier. Investments were mainly made in reconstructing
the outdoor area around Terminal D, upgrading the quay equipment and
reconstructing the shoreline reinforcements in Old City Harbour and increasing
the capacity of Muuga Harbour to serve ro-ro cargo. Investments of the third
quarter totalled EUR 3.5 million (Q3 2021: EUR 2.3 million).
Interim condensed consolidated statement of financial position:
In thousands of euros 30 September 2022 31 December 2021
---------------------------------------------------------------------------
ASSETS
Current assets
Cash and cash equivalents 36 416 34 840
Trade and other receivables 11 117 14 151
Contract assets 457 0
Inventories 507 399
---------------------------------------------------------------------------
Total current assets 48 497 49 390
---------------------------------------------------------------------------
Non-current assets
Investments in associates 2 118 1 559
Other long-term receivables 379 896
Property, plant and equipment 569 384 575 563
Intangible assets 2 006 2 130
Total non-current assets 573 887 580 148
---------------------------------------------------------------------------
Total assets 622 384 629 538
---------------------------------------------------------------------------
LIABILITIES
Current liabilities
Loans and borrowings 15 916 15 916
Provisions 1 253 1 572
Government grants 551 1 223
Taxes payable 1 603 890
Trade and other payables 10 159 10 291
Contract liabilities 1 839 57
Total current liabilities 31 321 29 949
---------------------------------------------------------------------------
Non-current liabilities
Loans and borrowings 180 015 187 398
Government grants 30 422 29 835
Other payables 504 652
Contract liabilities 778 809
Total non-current liabilities 211 719 218 694
---------------------------------------------------------------------------
Total liabilities 243 040 248 643
---------------------------------------------------------------------------
EQUITY
Share capital at par value 263 000 263 000
Share premium 44 478 44 478
Statutory capital reserve 22 115 21 271
Retained earnings (prior periods) 25 791 26 534
Profit for the period 23 960 25 612
---------------------------------------------------------------------------
Total equity 379 344 380 895
---------------------------------------------------------------------------
Total liabilities and equity 622 384 629 538
---------------------------------------------------------------------------
Interim condensed consolidated statement of profit or loss:
In thousands of euros Q3 2022 Q3 2021 9M 2022 9M 2021
-------------------------------------------------------------------------------
Revenue 36 325 32 263 93 460 81 511
Other income 412 379 1 140 1 037
Operating expenses -12 763 -10 081 -31 267 -25 454
Personnel expenses -5 885 -5 370 -16 210 -15 114
Depreciation, amortisation and impairment -6 191 -6 405 -18 703 -18 502
Other expenses -55 -116 -249 -369
Operating profit 11 843 10 670 28 171 23 109
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Finance income and costs
Finance income 32 23 97 60
Finance costs -404 -341 -1 011 -1 082
Finance costs - net -372 -318 -914 -1 022
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Share of profit of an associate accounted
for under the equity method 237 224 814 265
Profit before income tax 11 708 10 576 28 071 22 352
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Income tax 0 0 -4 111 -3 275
Profit for the period 11 708 10 576 23 960 19 077
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Attributable to owners of the Parent 11 708 10 576 23 960 19 077
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Basic and diluted earnings per share (in
euros) 0.04 0.04 0.09 0.07
Basic and diluted earnings per share
- continuing operations (in euros) 0.04 0.04 0.09 0.07
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Interim condensed consolidated statement of cash flows:
In thousands of euros 9M 2022 9M 2021
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Cash receipts from sale of goods and services 101 077 87 777
Cash receipts related to other income 135 83
Payments to suppliers -38 682 -30 919
Payments to and on behalf of employees -14 673 -13 877
Payments for other expenses -296 -376
Income tax paid on dividends -4 335 -3 440
Cash from operating activities 43 226 39 248
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Purchases of property, plant and equipment -12 932 -11 516
Purchases of intangible assets -346 -525
Proceeds from sale of property, plant and equipment 91 523
Proceeds from government grants related to assets 4 924 0
Dividends received 255 0
Interest received 3 2
Cash used in investing activities -8 005 -11 516
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Repayments of loans received -7 383 -7 383
Dividends paid -25 287 -20 085
Interest paid -968 -1 218
Other payments related to financing activities -7 -1
Cash from/used in financing activities -33 645 -28 687
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NET CASH FLOW 1 576 -955
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Cash and cash equivalents at beginning of the period 34 840 26 679
Change in cash and cash equivalents 1 576 -955
Cash and cash equivalents at end of the period 36 416 25 724
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Tallinna Sadam is one of the largest cargo- and passenger port complexes in the
Baltic Sea region, which serves annually 10 million passengers and 20 million
tons of cargo in average. 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. According to unaudited
financial results, the group's sales in 2021 totalled EUR 110 million, adjusted
EBITDA EUR 54 million and profit EUR 26 million.
Additional information:
Marju Zirel
Head of Investor Relations
Tel. +372 5342 6591
[email protected] (mailto:[email protected])