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aktsiaselts TALLINNA SADAM
Kategooria
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Manused
Kuupäev
12.05.2025 08:00:35
Pealkiri
ASi Tallinna Sadam 2025 I kvartali majandustulemused
Teade
Tallinna Sadama grupi 2025. aasta I kvartali müügitulu moodustas 28 miljonit
eurot kasvades +1,5%, korrigeeritud EBITDA oli 14 miljonit eurot kasvades +18%
ja kasum 7 miljonit eurot kasvades +31% võrdluses eelneva aasta sama perioodiga.
Korrigeeritud EBITDA marginaal oli 49% ja investeeringuid teostati ligi 4
miljoni euro eest.
2025. aasta I kvartalis kahanesid reisijate arv -3,6% ja kaubamahud -0,7%, kuid
laevakülastuste arv tõusis +4,8% võrra. Laevanduses näitasid reisiparvlaevad
stabiilsust - kuigi reisijate arv vähenes -2,1%, kasvas sõidukite arv +2,1%.
Botnica oli prahitud 100% ajast nagu eelnevalgi aastal. Prahipäevade arv oli 1
päeva päeva võrra lühem, kuna võrdlusaasta oli liigaasta.
?Esimese kvartali tulemustega võib rahule jääda. Kuigi reisijate arvus ja
kaubamahtudes näeme väikest vähenemist, on finantstulemused oluliselt paremad
kui eelmisel aastal. Kasumi ja korrigeeritud EBITDA marginaali kasvu on
mõjutanud suurenenud laevakülastuste arv ja jäämurdja Botnica eelmise aasta
kindlustusjuhtumis positiivne lahend ning kindlustushüvitise laekumine,"
kommenteeris tulemusi juhatuse esimees Valdo Kalm.
Tallinna Sadama juhatus tutvustab kontserni finantstulemusi 12. mail, sh kell
10.00 toimub veebiseminar eesti keeles (link eestikeelsele seminarile
(https://teams.microsoft.com/l/meetup-
join/19%3ameeting_ZDVjZjFmZTgtMWFhZC00NmE3LWI2YWEtZTc3Yjg3ZWRiMzAw%40thread.v2/0
?context=%7b%22Tid%22%3a%223c572f71-c808-4685-aa00-
2ca59a11c7e2%22%2c%22Oid%22%3a%22a6492212-75ef-498f-8735-75f88c5d463a%22%7d)) ja
kell 11.00 toimub seminar inglise keeles (link ingliskeelsele seminarile
(https://teams.microsoft.com/l/meetup-
join/19%3ameeting_YjAzYTVmNGUtNTg2Yy00NGMyLTljOGQtMjliZTUyYzM2ZWVm%40thread.v2/0
?context=%7b%22Tid%22%3a%223c572f71-c808-4685-aa00-
2ca59a11c7e2%22%2c%22Oid%22%3a%22a6492212-75ef-498f-8735-75f88c5d463a%22%7d)).
Vahearuandega seotud materjalid on lisatud käesolevale teatele ja on leitavad ka
kodulehel:
https://www.ts.ee/investor/vahearuanded/
https://www.ts.ee/investor/infomaterjalid/
Peamised finantsnäitajad (mln EUR):
I kv 2025 I kv 2024 +/- %
Müügitulu 28,3 27,9 0,4 1,5%
Korrigeeritud EBITDA 13,9 12,7 1,2 9,4%
Korrigeeritud EBITDA marginaal 49,1% 45,5% 3,6 -
Ärikasum 8,3 7,0 1,3 18,0%
Perioodi kasum 6,8 5,2 1,6 31,2%
Investeeringud 3,6 18,0 -14,3 -79,9%
31.03.2025 31.12.2024 +/-
Varade maht 640,9 629,9 1,7%
Intressi kandvad võlakohustused 184,3 184,8 -0,3%
Muud kohustused 72,2 67,4 7,1%
Omakapital 384,4 377,6 1,8%
Aktsiate arv 263,0 263,0 0,0%
Olulisemad sündmused I kvartalis:
* Ocean Network Express (ONE) konteinerliini avamine
* Baffinland ei kasuta 2025. aasta sügisel võimalust Botnica prahtimiseks
* OÜ TS Shipping sai kindlustushüvitise seoses Botnica 2024. aasta
remonditöödega
* Võõrandati maad Rail Baltica Muuga raudteejaama rajamiseks, tehingu mõju
kajastub 2. kvartali tulemustes
Müügitulu
Müügitulu kasvas 2025. aasta I kvartalis 0,4 mln eurot ehk 1,5%. Enim kasvasid
kaubatasu tulud (+0,2 mln eurot, +17,2%) ja laevatasu tulud (samuti 0,2 mln
eurot, +3%). Laevatasutulude kasvu peamiseks põhjuseks oli see, et 2024. aasta
alguses oli MS Finlandia plaanilistel dokitöödel ning tegi vähem külastusi ning
lisaks on kaubasadamates suurenenud suuremahuliste konteinerlaevade
külastatavus. Kaubatasu tulud tõusid vaatamata kaubamahtude langusele, kuna
2024. aasta I kvartalis korrigeeriti kaubatasusid madalamaks vastavalt kogu
aastaks prognoositavatele tuludele (standardi IFRS 15 kohane kajastamine).
Kasutusrendi tulu kasvas 0,1 mln eurot ehk 4,1% peamiselt tänu indekseerimise
tulemusel suurenenud hoonestusõiguste tasudele Paldiski lõunasadamas ja Muuga
sadamas. Tulu üleveoteenuse osutamisest kasvas 36 tuh eurot ehk 0,4% tingituna
püsitasu muutuvosa indekseerimisest, mis kompenseeris kütusehinna langusest
tulenenud reisitasude määra vähenemist. Tulu muudelt teenustelt kasvas 20 tuh
eurot (+3,8%) tänu suurenenud reklaamimüügile Vanasadamas ja käibevara müügile
TS Laevade poolt. Muudes tululiikides toimus langus. Tulu elektrienergia müügist
vähenes 0,1 mln eurot (-7,3%), kuna elektrienergia ja võrguteenuse müügimahud
langesid. Tulu reisijatasudest langes 0,1 mln eurot ehk 3,2% seoses reisijate
arvu vähenemisega kõikidel liinidel, kuid suuremas osas Tallinn-Helsingi liinil.
Laeva prahitasu tulu langes 1,1%, kuna eelmisel aastal olnud liigaasta tõttu jäi
jäämurdja Botnica selle aasta prahiperiood üks päev lühemaks kui
võrdlusperioodil.
Müügitulu suurenes kolmes segmendis, kasvades enim kaubasadamates segmendis
(+0,3 mln eurot). Kasv toimus ka reisisadamate segmendis (+0,1 mln eurot) ja
reisiparvlaevade segmendis (+54 tuh eurot). Müügitulu langes üksnes segmendis
muud (-45 tuh eurot).
EBITDA
Korrigeeritud EBITDA suurenes 1,2 mln euro võrra, kuna müügitulu kasvas ja kulud
kokku vähenesid. Väiksemas ulatuse tasakaalustas korrigeeritud EBITDA kasvu
kapitaliosaluse meetodil kajastatud kahjum sidusettevõttest AS Green Marine.
Segmentidest kasvas korrigeeritud EBITDA nii segmendis muud kui ka
reisiparvlaevade segmendis. Suurimat mõju segmendis muud avaldas jäämurdja
Botnica 2024. aastal teostatud remonditööde eest saadud kindlustushüvitis summas
0,9 mln eurot. Reisi- ja kaubasadamate segmentides korrigeeritud EBITDA vähenes.
Korrigeeritud EBITDA marginaal kasvas 45,5%-lt 49,1%-le.
Kasum
Kasum enne tulumaksu kasvas 1,6 mln eurot (+31,2%) 6,8 mln euroni. Kasumiks
kujunes samuti 6,8 mln eurot, mis oli 1,6 mln euro võrra enam eelmise aasta
võrdlusperioodi näitajast.
Investeeringud
2025. aasta 3 kuuga investeeris kontsern 3,6 mln eurot ehk 14,3 mln eurot vähem
kui eelmise aasta samal perioodil. 2025. aasta 3 kuu investeeringud olid
peamiselt seotud Paldiski Lõunasadama meretuuleparkide kai ehitusega,
infotehnoloogiaga (riist- ja tarkvara) ja reisiparvlaevade korraliste
dokitöödega.
Lühendatud konsolideeritud finantsseisundi aruanne:
tuhandetes eurodes 31.03.2025 31.12.2024
------------------------------------------------------------------------
VARAD
Käibevara
Raha ja raha ekvivalendid 34 863 17 213
Üle 3-kuulise tähtajaga deposiidid pankades 22 000 22 000
Nõuded ostjate vastu ja muud nõuded 8 418 12 512
Lepingulised varad 311 0
Varud 655 695
Muu käibevara kokku 66 247 52 420
Müügiootel põhivara 3 987 4 190
Käibevara kokku 70 234 56 610
------------------------------------------------------------------------
Põhivara
Investeeringud sidusettevõttesse 2 564 2 664
Kinnisvarainvesteeringud 14 069 14 069
Materiaalne põhivara 551 820 554 280
Immateriaalne põhivara 2 235 2 238
Põhivara kokku 570 688 573 251
------------------------------------------------------------------------
Varad kokku 640 922 629 861
------------------------------------------------------------------------
KOHUSTISED
Lühiajalised kohustised
Võlakohustised 12 083 12 185
Eraldised 735 1 771
Sihtfinantseerimine 22 107 22 146
Maksuvõlad 822 906
Võlad tarnijatele ja muud võlad 14 016 7 780
Lühiajalised kohustised kokku 49 763 44 788
------------------------------------------------------------------------
Pikaajalised kohustised
Võlakohustised 172 250 172 650
Sihtfinantseerimine 31 629 31 995
Muud võlad 2 855 2 815
Pikaajalised kohustised kokku 206 734 207 460
------------------------------------------------------------------------
Kohustised kokku 256 497 252 248
------------------------------------------------------------------------
OMAKAPITAL
Aktsiakapital 263 000 263 000
Ülekurss 44 478 44 478
Kohustuslik reservkapital 23 304 23 304
Jaotamata kasum 53 643 46 831
Omakapital kokku 384 425 377 613
------------------------------------------------------------------------
Kohustised ja omakapital kokku 640 922 629 861
------------------------------------------------------------------------
Lühendatud konsolideeritud kasumiaruanne
tuhandetes eurodes I kv 2025 I kv 2024
-------------------------------------------------------------------------------
Müügitulu 28 354 27 931
Muud tulud 347 358
Tegevuskulud -7 572 -9 031
Finantsvarade väärtuse langus -213 -181
Tööjõukulud -6 488 -5 908
Põhivara kulum ja väärtuse langus -6 068 -6 036
Muud kulud -102 -132
Ärikasum 8 258 7 001
-------------------------------------------------------------------------------
Finantstulud ja -kulud
Finantstulud 342 267
Finantskulud -1 688 -2 090
Finantstulud ja -kulud kokku -1 346 -1 823
-------------------------------------------------------------------------------
Kapitaliosaluse meetodil arvestatud kasum (+)/ kahjum (-)
investeeringutelt sidusettevõttesse -100 15
Kasum enne tulumaksustamist 6 812 5 193
-------------------------------------------------------------------------------
Perioodi kasum 6 812 5 193
-------------------------------------------------------------------------------
Emaettevõtte omanike osa perioodi kasumist 6 812 5 193
-------------------------------------------------------------------------------
Tava ja lahjendatud puhaskasum aktsia kohta (eurodes) 0,03 0,02
-------------------------------------------------------------------------------
Lühendatud konsolideeritud rahavoogude aruanne:
tuhandetes eurodes I kv 2025 I kv 2024
-------------------------------------------------------------------------
Kaupade või teenuste müügist laekunud raha 35 529 33 449
Muude tulude eest laekunud raha 44 28
Maksed tarnijatele -9 243 -11 823
Maksed töötajatele ja töötajate eest -5 928 -5 414
Maksed muude kulude eest -130 -136
Äritegevusest laekunud raha 20 272 16 104
-------------------------------------------------------------------------
Materiaalse põhivara soetamine -3 122 -18 460
Immateriaalse põhivara soetamine -133 -175
Materiaalse põhivara müük 0 5
Saadud põhivara sihtfinantseerimisest 2 665 0
Saadud intressid 150 258
Investeerimistegevuses kasutatud raha -440 -18 372
-------------------------------------------------------------------------
Saadud laenude tagasimaksed -400 -3 000
Makstud intressid -1 781 -2 360
Muud finantseerimistegevusest tulenevad maksed -1 -3
Finantseerimistegevuses kasutatud raha -2 182 -5 363
-------------------------------------------------------------------------
RAHAVOOG KOKKU 17 650 -7 631
-------------------------------------------------------------------------
Raha ja raha ekvivalendid perioodi alguses 17 213 29 733
Raha ja raha ekvivalentide muutus 17 650 -12 520
Raha ja raha ekvivalendid perioodi lõpus 34 863 17 213
-------------------------------------------------------------------------
Tallinna Sadamale kuulub üks Läänemere suurimaid kauba- ja reisisadamate
komplekse. 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.
Lisainfo:
Angelika Annus
Investorsuhete juht
Tel +372 5649 6230
[email protected] (mailto:[email protected])
Pealkiri
AS Tallinna Sadam financial results for 2025 Q1
Teade
In the first quarter of 2025, sales revenue of Tallinna Sadam group amounted to
28 million euros showing growth of +1.5%, adjusted EBITDA was 14 million euros
increasing by +18% and profit 7 million euros increasing by +31% compared to the
same period last year. The adjusted EBITDA margin was 49% and the volume of
investments was close to 4 million euros.
The number of passengers decreased by -3.6% and cargo volumes by -0.7%, however
vessel calls increased by +4.8% in the first quarter of 2025. Ferry business was
stabile - although the number of passengers decreased by -2.1%, the number of
vehicles increased by +2.1%. Botnica was chartered 100% of the time like last
year. The number of charter days was shorter this year as last year was a leap
year.
"We are satisfied with the results of the first quarter. Although we see a
slight decrease in the number of passengers and cargo volumes, the financial
results are significantly better than last year. The growth in profit and
adjusted EBITDA margin has been influenced by the increased number of vessel
calls and the positive resolution of last year's insurance case involving the
icebreaker Botnica and the receipt of insurance compensation," commented Valdo
Kalm, the Chairman of the Management Board, on the results.
Tallinna Sadam management will present the financial results of the Group at a
webinars on 12 May, including webinar in Estonian starting at 10.00 (EET) (link
to EST webinar (https://teams.microsoft.com/l/meetup-
join/19%3ameeting_ZDVjZjFmZTgtMWFhZC00NmE3LWI2YWEtZTc3Yjg3ZWRiMzAw%40thread.v2/0
?context=%7b%22Tid%22%3a%223c572f71-c808-4685-aa00-
2ca59a11c7e2%22%2c%22Oid%22%3a%22a6492212-75ef-498f-8735-75f88c5d463a%22%7d))
and webinar in English starting at 11.00 (EET) (link to ENG webinar
(https://teams.microsoft.com/l/meetup-
join/19%3ameeting_YjAzYTVmNGUtNTg2Yy00NGMyLTljOGQtMjliZTUyYzM2ZWVm%40thread.v2/0
?context=%7b%22Tid%22%3a%223c572f71-c808-4685-aa00-
2ca59a11c7e2%22%2c%22Oid%22%3a%22a6492212-75ef-498f-8735-75f88c5d463a%22%7d)).
Key figures (in million EUR):
Q1 2025 Q1 2024 +/- %
Revenue 28.3 27.9 0.4 1.5%
Adjusted EBITDA 13.9 12.7 1.2 9.4%
Adjusted EBITDA margin 49.1% 45.5% 3.6 -
Operating profit 8.3 7.0 1.3 18.0%
Profit for the period 6.8 5.2 1.6 31.2%
Investments 3.6 18.0 -14.3 -79.9%
31.03.2025 31.12.2024 +/-
Total assets 640.9 629.9 1.7%
Interest bearing debt 184.3 184.8 -0.3%
Other liabilities 72.2 67.4 7.1%
Equity 384.4 377.6 1.8%
Number of shares 263.0 263.0 0.0%
Major events in Q1:
* New container line Ocean Network Express (ONE)
* Baffinland declines the option for Icebreaker Botnica services in autumn
2025
* TS Shipping received insurance indemnity for repair works of Icebreaker
Botnica that were carried out in 2024
* Land transfer was concluded for the construction of the Rail Baltica Muuga
railway station, the effect of the transaction will influence Q2 results
Revenue
Revenue for the first quarter of 2025 increased by EUR 0.4 million (+1.5%) year
on year. The largest increases came from cargo charges (EUR +0.2 million,
+17.2%) and vessel dues (also EUR +0.2 million, +3%). The growth in vessel dues
revenue was mainly related to fewer visits by MS Finlandia at the beginning of
2024 as the vessel underwent scheduled dry-docking, as well as an increase in
calls by large container vessels at cargo harbours. Revenue from cargo charges
also increased despite the decline in cargo volumes, as cargo tariffs had been
adjusted downward in Q1 2024 in accordance with projected full-year revenue, as
required by IFRS 15. Operating lease income grew by EUR 0.1 million (+4.1%),
primarily due to the indexation-based increase in fees for the right of
superficies at Paldiski South Harbour and Muuga Harbour. The revenue from ferry
service rose by EUR 36 thousand (+0.4%) due to indexation of the variable
component of the fixed fee, which offset the reduction in fare rates resulting
from lower fuel prices. Revenue from other services grew by EUR 20 thousand
(+3.8%), driven by increased advertising sales at the Old City Harbour and the
sale of current assets by TS Laevad. Other revenue categories saw a decline.
Revenue from the sale of electricity decreased by EUR 0.1 million (-7.3%) due to
lower volumes of electricity and grid service sales. Passenger fee revenue fell
by EUR 0.1 million (-3.2%) as a result of reduced passenger numbers across all
routes, most notably on the Tallinn-Helsinki route. Charter fee revenue
decreased by 1.1%, as the icebreaker Botnica had one fewer charter day this year
compared to the same period last year, due to the previous year being a leap
year.
Revenue increased in three segments, with the largest growth recorded in the
Cargo harbour segment (EUR +0.3 million). Revenue also grew in the Passenger
harbour segment (EUR +0.1 million) and in the Ferry segment (EUR +54 thousand).
Revenue declined only in the Other segment (EUR -45 thousand).
EBITDA
Adjusted EBITDA increased by EUR 1.2 million due to higher revenue and lower
total expenses. This growth was partially offset by a loss from the associated
company AS Green Marine, recognised using the equity method. Adjusted EBITDA
increased in the Other segment, Ferry segment and Passenger harbour segment,
while it declined in the Cargo harbour segment. The largest impact in the Other
segment was the insurance compensation received for the repair work carried out
in 2024 on the icebreaker Botnica in the amount of 0.9 million euros. The
Group's adjusted EBITDA margin increased from 45.5% to 49.1%.
Profit
Profit before income tax grew by EUR 1.6 million (+31.2%) to EUR 6.8 million.
Net profit also amounted to EUR 6.8 million, which was EUR 1.6 million higher
than in the same period last year.
Investments
In the first three months of 2025, the Group invested EUR 3.6 million, which is
EUR 14.3 million less than during the same period last year. The investments
made in the first quarter of 2025 were primarily related to the construction of
the offshore wind farm quay at Paldiski South Harbour, information technology
(hardware and software), and scheduled dry-docking of ferries.
Interim condensed consolidated statement of financial position:
In thousands of euros 31 March 2025 31 December 2024
-------------------------------------------------------------------------------
ASSETS
Current assets
Cash and cash equivalents 34 863 17 213
Bank deposits with maturities exceeding 3
months 22 000 22 000
Trade and other receivables 8 418 12 512
Contract assets 311 0
Inventories 655 695
Total other current assets 66 247 52 420
Non-current assets held for sale 3 987 4 190
Total current assets 70 234 56 610
-------------------------------------------------------------------------------
Non-current assets
Investments in an associate 2 564 2 664
Investment properties 14 069 14 069
Property, plant and equipment 551 820 554 280
Intangible assets 2 235 2 238
Total non-current assets 570 688 573 251
-------------------------------------------------------------------------------
Total assets 640 922 629 861
-------------------------------------------------------------------------------
LIABILITIES
Current liabilities
Loans and borrowings 12 083 12 185
Provisions 735 1 771
Government grants 22 107 22 146
Taxes payable 822 906
Trade and other payables 14 016 7 780
Total current liabilities 49 763 44 788
-------------------------------------------------------------------------------
Non-current liabilities
Loans and borrowings 172 250 172 650
Government grants 31 629 31 995
Other payables 2 855 2 815
Total non-current liabilities 206 734 207 460
-------------------------------------------------------------------------------
Total liabilities 256 497 252 248
-------------------------------------------------------------------------------
EQUITY
Share capital 263 000 263 000
Share premium 44 478 44 478
Statutory capital reserve 23 304 23 304
Retained earnings 53 643 46 831
Total equity 384 425 377 613
-------------------------------------------------------------------------------
Total liabilities and equity 640 922 629 861
-------------------------------------------------------------------------------
Interim condensed consolidated statement of profit or loss:
In thousands of euros Q1 2025 Q1 2024
-------------------------------------------------------------------------------
Revenue 28 354 27 931
Other income 347 358
Operating expenses -7 572 -9 031
Impairment of financial assets -213 -181
Personnel expenses -6 488 -5 908
Depreciation, amortisation and impairment -6 068 -6 036
Other expenses -102 -132
Operating profit 8 258 7 001
-------------------------------------------------------------------------------
Finance income and costs
Finance income 342 267
Finance costs -1 688 -2 090
Finance costs - net -1 346 -1 823
-------------------------------------------------------------------------------
Share of profit (loss) of an associate accounted for under the
equity method -100 15
Profit before income tax 6 812 5 193
-------------------------------------------------------------------------------
Profit for the period 6 812 5 193
-------------------------------------------------------------------------------
Attributable to:
Owners of the Parent 6 812 5 193
-------------------------------------------------------------------------------
Basic earnings and diluted earnings per share (in euros) 0.03 0.02
-------------------------------------------------------------------------------
Interim condensed consolidated statement of cash flows:
in thousands of euros Q1 2025 Q1 2024
---------------------------------------------------------------------------
Cash receipts from sale of goods and services 35 529 33 449
Cash receipts related to other income 44 28
Payments to suppliers -9 243 -11 823
Payments to and on behalf of employees -5 928 -5 414
Payments for other expenses -130 -136
Cash flows from operating activities 20 272 16 104
---------------------------------------------------------------------------
Purchases of property, plant and equipment -3 122 -18 460
Purchases of intangible assets -133 -175
Proceeds from sale of property, plant and equipment 0 5
Proceeds from government grants related to assets 2 665 0
Interest received 150 258
Cash used in investing activities -440 -18 372
---------------------------------------------------------------------------
Repayments of loans received -400 -3 000
Interest paid -1 781 -2 360
Other payments related to financing activities -1 -3
Cash used in financing activities -2 182 -5 363
---------------------------------------------------------------------------
NET CASH FLOW 17 650 -7 631
---------------------------------------------------------------------------
Cash and cash equivalents at beginning of the period 17 213 29 733
Change in cash and cash equivalents 17 650 -7 631
Cash and cash equivalents at end of the period 34 863 22 102
---------------------------------------------------------------------------
Tallinna Sadam is one of the largest cargo- and passenger port complexes in the
Baltic Sea region. 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 offshore services in Estonia and projects abroad. Tallinna Sadam group is
also a shareholder of an associate AS Green Marine, which provides waste
management services.
Additional information:
Angelika Annus
Head of Investor Relations
Tel +372 5649 6230
[email protected] (mailto:[email protected])