Börsiteade
AS Tallink Grupp
LEI kood
529900QRMWAKKR3L9W75
Emitendi suuruskategooria
Suur kontsern
Majandustegevusalad
Hulgi- ja jaekaubandus, Veondus ja laondus, Majutus ja toitlustus, Haldus- ja abitegevused
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
3854
Manused
Esitamise kuupäev ja aeg
15.11.2012 16:05:00
Teate sisu eesti keeles
Pealkiri
2012 majandusaasta III kvartali majandustulemused
Teade
Tallinn, 2012-11-15 15:05 CET (GLOBE NEWSWIRE) --
2012 majandusaasta III kvartali majandustulemused
2012 majandusaasta kolmandas kvartalis (1. juuli – 30. september) näitasid AS
Tallink Grupp ja tema tütarettevõtted (edaspidi „Kontsern“) oma tegevuses
jätkuvat kasvu. Kontsern vedas antud perioodil kokku 2,77 miljonit reisijat,
mida on 2% enam kui sama perioodi jooksul eelmisel aastal. Auditeerimata
müügitulu 2012. aasta kolmandas kvartalis suurenes 6,7 miljoni euro võrra ehk
3,8% võrreldes eelmise aasta sama perioodiga, kokku 282,4 miljoni euroni.
Kolmanda kvartali algust mõjutas tavapärasest kehvem ilm suve alguses, mille
tulemusel oli Kontsern senisest aktiivsem eripakkumiste ja kampaaniate
tegemisel osaliselt ka juuli broneeringute tarvis. Seoses sellega kahanes
Kontserni piletitulu reisija kohta kolmandas kvartalis mistõttu jäid kontserni
piletimüügitulud madalamaks võrreldes eelmise aasta sama perioodiga. Samas
paranes restoranide ja poodide käive ja selle tulemusel suurenes Kontserni kogu
müügitulu.
Tulenevalt struktuuri muutustest müügitulus ning sellega seonduvalt otseste
kaubakulude suurenemisest jäi Kontserni brutokasum eelmise aastaga võrreldes
samale tasemele. 2012 majandusaasta kolmanda kvartali auditeerimata brutokasum
kokku oli 85,2 miljonit eurot, mis kasvas eelmise aasta sama perioodiga
võrreldes 0,5%. Finantskulude, maksude ning kulumi eelne kasum EBITDA oli 77,0
miljonit eurot vähenedes eelmise aasta kolmanda kvartaliga võrreldes 1,4%.
Kontserni auditeerimata puhaskasum 2012 majandusaasta kolmandas kvartalis oli
49,6 miljonit eurot võrreldes 40,7 miljoni euro suuruse kasumiga eelmise aasta
samas kvartalis. Kasumi suurenemine on tingitud peamiselt väiksematest
finantskuludest. Kokku on käesoleva majandusaasta esimese 9-kuu puhaskasum 50,6
miljonit eurot, mis on 13,5 miljonit eurot rohkem kui eelmisel aastal samal
perioodil.
Kolmandas kvartalis olid kütusehinnad jätkuvalt kõrgel tasemel. Eurodes
arvestatuna kasvas laevakütuse keskmine hind käesoleva aasta kolmandas
kvartalis eelmise aasta kolmanda kvartaliga võrreldes 13% protsenti. Kontserni
jätkuvate tegevuste kütusekulu kolmandas kvartalis suurenes 5,2 miljoni euro
võrra aastatagusega võrreldes. Soome-Saksa liini sulgemisest mõjutatuna oli
Kontserni kütusekulu kasv kokku 2012 majandusaasta kolmandas kvartalis 1,2
miljoni eurot.
2012 aasta jooksul on Kontsern investeerinud ligikaudu 1,5 miljonit eurot
elektrooniliste kanalite arendamisse, et täiustada toodete kättesaadavust ning
nähtavust. Hiljuti avati uued veebilehed meie klientidele. Lähitulevikus on
valmimas uus internetipõhise broneerimissüsteemi versioon, mis on suunatud
eeskätt eraklientidele. Süsteemi arendades on peamine tähelepanu olnud
kasutusmugavusel, lihtsusel ning hinnapoliitika läbipaistvusel. Lisaks on
järgmise aasta alguses valmimas Tallinki laevapiletite broneerimise rakendus
nutitelefonidele.
Käesoleva majandusaasta kolmandas kvartalis oli rahavoog äritegevusest kokku 59
miljonit eurot. Pangalaene maksis Kontsern tagasi 41 miljonit eurot, mille
tulemusel vähenesid intressi kandvad kohustused kolmanda kvartali jooksul 4,5%.
Viimase 12-kuu jooksul on Kontsern laenukoormust vähendanud 134 miljoni euro
võrra. Kontserni netovõlg kolmanda kvartali lõpus oli 803 miljonit eurot ning
moodustas 4,9 korda eelneva 12-kuu EBITDA-st. Septembri lõpus oli Kontsernil 59
miljoni euro väärtuses raha ja likviidseid vahendeid. Kasutamata
krediidiliinide maht oli jätkuvalt 66 miljonit eurot. Kontserni kogulikviidsus,
mis hõlmab raha ja kasutamata krediidilimiite kokku ulatus kolmanda kvartali
lõpus 125 miljoni euroni tagades tugeva finantspositsiooni jätkusuutlikuks
opereerimiseks.
Vastavalt strateegiale on Kontsern viimaste aastate jooksul oluliselt
vähendanud oma võlakoormust. Seoses oodatava dividendipoliitikaga on juhtkonna
eesmärgiks lähitulevikus optimeerida ettevõtte agressiivset laenude
tagasimaksegraafikut, et seeläbi parandada Kontserni järgmiste aastate vaba
rahavoogu.
PÕHINÄITAJAD 2012 2011 muutus
juuli-septemb juuli-septemb
er er
--------------------------------------------------------------------------------
Jätkuvad tegevused EUR EUR
--------------------------------------------------------------------------------
Jätkuvate tegevuste müügitulu (miljonites) 282,4 264,8 6,7%
--------------------------------------------------------------------------------
Jätkuvate tegevuste brutokasum 85,2 85,0 0,2%
(miljonites)
--------------------------------------------------------------------------------
Jätkuvate tegevuste puhaskasum 49,6 41,1 20,6%
(miljonites)
--------------------------------------------------------------------------------
Kontsern kokku, sh lõpetatud tegevused
--------------------------------------------------------------------------------
Müügitulu (miljonites) 282,4 272,2 3,8%
--------------------------------------------------------------------------------
Brutokasum (miljonites) 85,2 84,8 0,5%
--------------------------------------------------------------------------------
Brutokasumi marginaal 30,1% 31,1%
--------------------------------------------------------------------------------
EBITDA (miljonites) 77,0 78,0 -1,4%
--------------------------------------------------------------------------------
EBITDA marginaal 27,3% 28,7%
--------------------------------------------------------------------------------
Aruande perioodi puhaskasum / -kahjum 49,6 40,7 21,9%
(miljonites)
--------------------------------------------------------------------------------
Puhaskasumi marginaal 17,6% 14,9%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Amortisatsioon (miljonites) 17,7 17,7 -0,4%
--------------------------------------------------------------------------------
Investeeringud (miljonites) 5,2 2,1 146%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate kaalutud keskmine arv** 669 882 040 669 882 040
--------------------------------------------------------------------------------
Aktsiakasum 0,07 0,06 21,9%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Reisijate arv 2 770 147 2 716 702 2,0%
--------------------------------------------------------------------------------
Kaubaveo ühikute arv 68 831 70 059 -1,8%
--------------------------------------------------------------------------------
Töötajate keskmine arv 7 132 7 175 -0,6%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
30.09.2012 30.06.2012
--------------------------------------------------------------------------------
Varad 1 754,3 1 760,7 -0,4%
--------------------------------------------------------------------------------
Intressi kandvad kohustused (miljonites) 862,2 902,3 -4,5%
--------------------------------------------------------------------------------
Netovõlg (miljonites) 803,1 850,5 -5,6%
--------------------------------------------------------------------------------
Omakapital kokku (miljonites) 755,6 706,1 7,0%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Omakapitali määr 43,1% 40,1%
--------------------------------------------------------------------------------
Netovõla EBITDA suhe 4,9 5,1
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate arv** 669 882 040 669 882 040 0%
--------------------------------------------------------------------------------
Omakapital aktsia kohta 1,13 1,05 7,0%
--------------------------------------------------------------------------------
EBITDA: Finantstulude ja -kulude, maksude ja 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 miinus raha ja raha ekvivalendid;
Netovõla ja EBITDA suhe: Netovõlg / 12 kuu EBITDA.
** Aktsiate arv ei sisalda oma aktsiaid.
KONSOLIDEERITUD KOONDKASUMIARUANNE
(auditeerimata, tuhandetes 01.07.2012- 01.07.2011- 01.01.2012- 01.01.2011-
eurodes)
30.09.2012 30.09.2011 30.09.2012 30.09.2011
================================================================================
Jätkuvad tegevused
Müügitulu 282,441 264,827 721,052 676,980
Müüdud kaupade ja teenuste -197,290 -179,851 -559,833 -516,852
kulu
Brutokasum 85,151 84,976 161,219 160,128
--------------------------------------------------------------------------------
Turustuskulud -15,591 -14,497 -48,224 -44,551
Halduskulud -10,561 -10,232 -33,455 -30,479
Muud äritulud 347 534 853 1,072
Muud ärikulud -820 -15 -852 -30
--------------------------------------------------------------------------------
Kasum/-kahjum äritegevusest 58,526 60,766 79,541 86,140
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finantstulud 1,382 -2,434 2,534 213
Finantskulud -11,130 -17,106 -32,258 -41,060
Kasum tütarettevõtetest 783 0 783 0
Kasum/-kahjum jätkuvatest 49,561 41,226 50,600 45,293
tegevustest
--------------------------------------------------------------------------------
Tulumaks 0 -115 0 -115
Aruandeperioodi 49,561 41,111 50,600 45,178
puhaskasum/-kahjum
--------------------------------------------------------------------------------
----------------------------- --------------------------------------
Kasum/-kahjum lõpetatud 0 -453 0 -8,047
tegevustest
--------------------------------------------------------------------------------
Aruandeperioodi 49,561 40,658 50,600 37,131
puhaskasum/-kahjum
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Muu koondkasum/-kahjum
Valuutakursi vahed -116 28 -121 151
välisettevõtetest
Perioodi muu -116 28 -121 151
koondkasum/-kahjum kokku
--------------------------------------------------------------------------------
Perioodi koondkasum/-kahjum 49,445 40,686 50,479 37,282
kokku
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Sh.
Emaettevõtte omanike osa 49,561 40,658 50,600 37,131
puhaskasumist/-kahjumist
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Sh.
Emaettevõtte omanike osa 49,445 40,686 50,479 37,282
koondkasumist/-kahjumist
Kasum/-kahjum aktsia kohta
(EUR-ides ühe aktsia kohta)
- tava 0.07 0.06 0.08 0.06
- lahustatud 0.07 0.06 0.08 0.06
--------------------------------------------------------------------------------
KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE
(auditeerimata, tuhandetes eurodes)
VARAD 30.09.2012 31.12.2011
======================================================================
Käibevara
----------------------------------------------------------------------
Raha ja raha ekvivalendid 59,077 75,421
Nõuded ostjate vastu ja muud nõuded 44,631 35,152
Ettemaksed 11,828 7,087
Varud 27,749 25,198
Käibevara kokku 143,285 142,858
----------------------------------------------------------------------
Põhivara
----------------------------------------------------------------------
Investeeringud sidusettevõtetesse 226 226
Muud finantsvarad 1,761 2,551
Edasilükkunud tulumaksuvara 9,452 9,452
Kinnisvarainvesteering 300 300
Materiaalne põhivara 1,540,207 1,583,002
Immateriaalne põhivara 59,040 61,153
-----------------------------------------------
Põhivara kokku 1,610,986 1,656,684
----------------------------------------------------------------------
-----------------------------------------------
VARAD KOKKU 1,754,271 1,799,542
----------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL
======================================================================
Lühiajalised kohustused
----------------------------------------------------------------------
Intressikandvad võlakohustused 164,090 145,261
Võlad tarnijatele ja muud võlad 90,323 86,793
Ettemakstud tulud 22,274 25,226
Tuletisinstrumendid 23,739 22,668
Lühiajalised kohustused kokku 300,426 279,948
----------------------------------------------------------------------
Pikaajalised kohustused
-----------------------
----------------------------------------------------------------------
Intressikandvad võlakohustused 698,128 814,305
Muud kohustused 147 198
----------------------------------------------------------------------
Pikaajalised kohustused kokku 698,275 814,503
----------------------------------------------------------------------
Kohustused kokku 998,701 1,094,451
----------------------------------------------------------------------
OMAKAPITAL
----------------------------------------------------------------------
Emaettevõtja aktsionäridele kuuluv omakapital
----------------------------------------------------------------------
----------------------------------------------------------------------
Aktsiakapital nimiväärtuses 404,290 404,290
Ülekurss 639 639
Reservid 71,752 70,497
Jaotamata kasum 278,889 229,665
----------------------------------------------------------------------
Emaettevõtte omanikele kuuluv omakapital kokku 755,570 705,091
----------------------------------------------------------------------
OMAKAPITAL KOKKU 755,570 705,091
----------------------------------------------------------------------
----------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL KOKKU 1,754,271 1,799,542
----------------------------------------------------------------------
KONSOLIDEERITUD RAHAVOOGUDE ARUANNE
(auditeerimata, tuhandetes eurodes) 01.01.2012 - 01.01.2011-
30.09.2012 30.09.2011
Rahavood äritegevusest
Aruandeperioodi puhaskasum/-kahjum 50,600 37,131
Korrigeerimised 82,687 94,726
Äritegevusega seotud varade muutused -15,974 -17,530
Äritegevusega seotud kohustuste muutused 1,297 120
Makstud tulumaks -11 -114
--------------------------------------------------------------------------------
118,599 114,333
--------------------------------------------------------------------------------
------------------------------------------------------
Rahavood investeerimistegevusest
Materiaalse põhivara ja immateriaalse põhivara -8,898 -6,652
soetamine
Laekumised materiaalse põhivara müügist 47 59
Laekumised tütarettevõtete müügist 1,992 0
Maksed tuletisinstrumentidest -2,912 -3,575
Saadud intressid 236 181
--------------------------------------------------------------------------------
-9,535 -9,987
--------------------------------------------------------------------------------
------------------------------------------------------
Rahavood finantseerimistegevusest
Laenude tagasimaksed -99,477 -39,284
Kapitalirendi põhimaksete tasumine -51 -64
Makstud intressid -25,880 -28,068
-125,408 -67,416
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
RAHAVOOD KOKKU -16,344 36,930
--------------------------------------------------------------------------------
------------------------------------------------------ ------------
Raha ja raha ekvivalendid
- perioodi alguses 75,421 44,946
- suurenemine (+) / vähenemine (-) -16,344 36,930
--------------------------------------------------------------------------------
- perioodi lõpus 59,077 81,876
--------------------------------------------------------------------------------
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]
Teate sisu inglise keeles
Pealkiri
Q3 results of the 2012 financial year
Teade
Tallinn, 2012-11-15 15:05 CET (GLOBE NEWSWIRE) --
Q3 results of the 2012 financial year
In the third quarter of the 2012 financial year AS Tallink Grupp and its
subsidiaries (the Group) continued with the growth in sales. The Group
carried a total of 2.77 million passengers in the third quarter, 2% more than
in the same period last year. The Group’s consolidated revenue in the third
quarter increased by 3.8% to EUR 282.4 million. The start of the third quarter
was affected by adverse weather in the beginning of the summer causing higher
than usual promotional activities to July bookings. Hence the Group’s total
ticket revenue per passenger for the third quarter decreased and resulted in
less revenue from ticket sales compared to same period in last year. However,
the Group was able to improve the shop and restaurant sales resulting in
overall higher total revenue.
Due to the structural changes in the revenue and the related higher direct cost
from goods, the Group’s gross profit for the third quarter stayed the same as
last year. Total unaudited Gross profit for the third quarter amounted to EUR
85.2 million, up by 0.5% and EBITDA amounted to EUR 77.0 million down by 1.4%
when compared to the same period in last year. In the third quarter of 2012 the
Group’s unaudited net profit was EUR 49.6 million compared to EUR 40.7 million
last year. Improvement in the net profit is mainly the effect of the decreased
financial costs. The total cumulative net profit for the nine months of the
2012 financial year amounts to EUR 50.6 million, EUR 13.5 million higher than
year ago.
In the third quarter the fuel prices continued to be at a high level. When
measured in euros and compared to the same quarter of the last year the average
quarterly price for ship fuel was approximately 13% higher. The Group’s fuel
cost in the continuing operations increased by EUR 5.2 million. Impacted from
the earlier closure of Finland-Germany operations the total fuel cost in the
third quarter 2012 shows a EUR 1.2 million increase.
During the 2012 the Group has invested nearly EUR 1.5 million to upgrade and
improve the visibility and appearance in the electronic channels. The new
consumer marketing web pages just went live. The Group is soon to finish and
launch a new version of online booking for the individual customers which has
been developed emphasizing the easiness, usability, convenience and price
transparency. In addition, Tallink’s mobile booking application will be
available in the beginning of 2013.
Cash flow from operations amounted to EUR 59 million in the third quarter of
2012. EUR 41 million was used to repay the bank debt resulting in a 4.5%
decrease in interest bearing liabilities in the third quarter. During the past
12 months the Group has reduced its interest bearing liabilities by EUR 134
million. The net debt in the end of the third quarter was EUR 803 million and
the net debt ratio to the last 12-months EBITDA was 4.9. At the end of
September the Group had EUR 59 million in cash and equivalents and the total of
unused credit lines stood at EUR 66 million. The total liquidity, cash and
unused credit facilities at the end of the second quarter were EUR 125 million
providing a strong position for sustainable operations.
During the past few years the Group had significantly reduced the leverage in
accordance to our strategy. In anticipation of the dividend policy in the near
future the management is focusing to optimize the current aggressive loan
repayment schedule for the next years to strengthen the Group’s free cash flow.
Q3 KEY FIGURES 2012 2011 change
July-Septem July-Septemb
ber er
--------------------------------------------------------------------------------
Continuing operations
--------------------------------------------------------------------------------
Revenue from continuing EUR million 282.4 264.8 6.7%
operations
--------------------------------------------------------------------------------
Gross profit from continuing EUR million 85.2 85.0 0.2%
operations
--------------------------------------------------------------------------------
Net profit from continuing EUR million 49.6 41.1 20.6%
operations
--------------------------------------------------------------------------------
Group total including the discontinued
operations
--------------------------------------------------------------------------------
Revenue EUR 282.4 272.2 3.8%
million
--------------------------------------------------------------------------------
Gross profit EUR 85.2 84.8 0.5%
million
--------------------------------------------------------------------------------
Gross margin (%) 30.1% 31.1%
--------------------------------------------------------------------------------
EBITDA EUR 77.0 78.0 -1.4%
million
--------------------------------------------------------------------------------
EBITDA margin (%) 27.3% 28.7%
--------------------------------------------------------------------------------
Net profit for the period EUR 49.6 40.7 21.9%
million
--------------------------------------------------------------------------------
Net profit margin (%) 17.6% 14.9%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Depreciation and amortization EUR 17.7 17.7 -0.4%
million
--------------------------------------------------------------------------------
Investments EUR 5.2 2.1 146%
million
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted average number of ordinary shares 669 882 040 669 882 040
outstanding
--------------------------------------------------------------------------------
Earnings per share EUR 0.07 0.06 21.9%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of passengers 2 770 147 2 716 702 2.0%
--------------------------------------------------------------------------------
Number of cargo units 68 831 70 059 -1.8%
--------------------------------------------------------------------------------
Average number of employees 7 132 7 175 -0.6%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
30.09.2012 30.06.2012
--------------------------------------------------------------------------------
Total assets EUR 1 754.3 1 760.7 -0.4%
million
--------------------------------------------------------------------------------
Interest-bearing liabilities EUR 862.2 902.3 -4.5%
million
--------------------------------------------------------------------------------
Net debt EUR 803.1 850.5 -5.6%
million
--------------------------------------------------------------------------------
Total equity EUR 755.6 706.1 7.0%
million
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Equity ratio (%) 43.1% 40.1%
--------------------------------------------------------------------------------
Net debt to EBITDA 4.9 5.1
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of ordinary shares 669 882 040 669 882 040 0%
outstanding1
--------------------------------------------------------------------------------
Shareholders’ equity per share EUR 1.13 1.05 7.0%
--------------------------------------------------------------------------------
EBITDA: Earnings before net financial items, 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 01.07.2012- 01.07.2011- 01.01.2012- 01.01.2011-
EUR)
30.09.2012 30.09.2011 30.09.2012 30.09.2011
================================================================================
Continuing operations
Revenue 282,441 264,827 721,052 676,980
Cost of sales -197,290 -179,851 -559,833 -516,852
Gross profit 85,151 84,976 161,219 160,128
--------------------------------------------------------------------------------
Marketing expenses -15,591 -14,497 -48,224 -44,551
Administrative expenses -10,561 -10,232 -33,455 -30,479
Other income 347 534 853 1,072
Other expenses -820 -15 -852 -30
--------------------------------------------------------------------------------
Results from operating 58,526 60,766 79,541 86,140
activities
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finance income 1,382 -2,434 2,534 213
Finance costs -11,130 -17,106 -32,258 -41,060
Profit from subsidiaries 783 0 783 0
Profit/-loss before income 49,561 41,226 50,600 45,293
tax
--------------------------------------------------------------------------------
Income tax 0 -115 0 -115
--------------------------------------------------------------------------------
Net profit/-loss from 49,561 41,111 50,600 45,178
continuing operations
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Profit/-loss from 0 -453 0 -8,047
discontinued operation
--------------------------------------------------------------------------------
Net profit/-loss for the 49,561 40,658 50,600 37,131
period
--------------------------------------------------------------------------------
----------------------------- --------------------------------------
Other comprehensive
income/-expense
Exchange differences on -116 28 -121 151
translating foreign
operations
Other comprehensive -116 28 -121 151
income/-expense for the
period
--------------------------------------------------------------------------------
Total comprehensive 49,445 40,686 50,479 37,282
income/-expense for the
period
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Profit/-loss attributable
to:
Equity holders of the 49,561 40,658 50,600 37,131
parent
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Total comprehensive
income/-expense
attributable to:
Equity holders of the 49,445 40,686 50,479 37,282
parent
Earnings per share (in EUR
per share)
- basic 0.07 0.06 0.08 0.06
- diluted 0.07 0.06 0.08 0.06
--------------------------------------------------------------------------------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(unaudited, in thousands of EUR)
ASSETS 30.09.2012 31.12.2011
================================================================================
Current assets
--------------------------------------------------------------------------------
Cash and cash equivalents 59,077 75,421
Trade and other receivables 44,631 35,152
Prepayments 11,828 7,087
Inventories 27,749 25,198
Total current assets 143,285 142,858
--------------------------------------------------------------------------------
Non-current assets
--------------------------------------------------------------------------------
Investments in associates 226 226
Other financial assets 1,761 2,551
Deferred income tax assets 9,452 9,452
Investment property 300 300
Property, plant and equipment 1,540,207 1,583,002
Intangible assets 59,040 61,153
---------------------------------------------------------
Total non-current assets 1,610,986 1,656,684
--------------------------------------------------------------------------------
---------------------------------------------------------
TOTAL ASSETS 1,754,271 1,799,542
--------------------------------------------------------------------------------
LIABILITIES AND EQUITY
================================================================================
Current liabilities
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 164,090 145,261
Trade and other payables 90,323 86,793
Deferred income 22,274 25,226
Derivatives 23,739 22,668
Total current liabilities 300,426 279,948
--------------------------------------------------------------------------------
Non-current liabilities
-----------------------
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 698,128 814,305
Other liabilities 147 198
--------------------------------------------------------------------------------
Total non-current liabilities 698,275 814,503
--------------------------------------------------------------------------------
TOTAL LIABILITIES 998,701 1,094,451
--------------------------------------------------------------------------------
EQUITY
--------------------------------------------------------------------------------
Equity attributable to equity holders of the parent
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Share capital 404,290 404,290
Share premium 639 639
Reserves 71,752 70,497
Retained earnings 278,889 229,665
--------------------------------------------------------------------------------
Total equity attributable to equity holders of the 755,570 705,091
parent
--------------------------------------------------------------------------------
TOTAL EQUITY 755,570 705,091
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL LIABILITIES AND EQUITY 1,754,271 1,799,542
--------------------------------------------------------------------------------
CONSOLIDATED CASH FLOW STATEMENT
(unaudited, in thousands of EUR) 01.01.2012 - 01.01.2011-
30.09.2012 30.09.2011
Cash flows from operating activities
Net profit/-loss for the period 50,600 37,131
Adjustments 82,687 94,726
Changes in assets related to operating activities -15,974 -17,530
Changes in liabilities related to operating 1,297 120
activities
Income tax paid -11 -114
--------------------------------------------------------------------------------
118,599 114,333
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow used for investing activities
Purchase of property, plant and equipment and -8,898 -6,652
intangible assets
Proceeds from disposals of property, plant and 47 59
equipment
Proceeds from subsidiaries 1,992 0
Payments from settlement of derivatives -2,912 -3,575
Interest received 236 181
--------------------------------------------------------------------------------
-9,535 -9,987
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow from (+)/ used for (-) financing activities
Redemption of loans -99,477 -39,284
Repayment of finance lease liabilities -51 -64
Interest paid -25,880 -28,068
-125,408 -67,416
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TOTAL NET CASH FLOW -16,344 36,930
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Cash and cash equivalents:
- at the beginning of period 75,421 44,946
- increase (+) / decrease (-) -16,344 36,930
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Cash and cash equivalents at end of period 59,077 81,876
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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]