Börsiteade
AS TALLINNA SADAM
LEI kood
25490093MDYISEP1Y539
Emitendi suuruskategooria
Suur kontsern
Majandustegevusalad
Elektrienergia, gaasi, auru ja konditsioneeritud õhuga varustamine, Veondus ja laondus
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
8218
Manused
Esitamise kuupäev ja aeg
14.08.2020 09:00:00
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Pealkiri
ASi Tallinna Sadam 2020. a II kvartali ja 6 kuu majandustulemused
Teade
COVID-19 pandeemia mõju oli suurim 2020. a II kvartalis, mistõttu langesid nii Tallinna Sadama kontserni müügitulu, korrigeeritud EBITDA kui ka kasum. Müügitulu moodustas II kvartalis 22,4 mln eurot vähenedes võrreldes eelmise aasta sama perioodiga 31,8%. Kontserni korrigeeritud EBITDA oli II kvartalis 10,2 miljonit eurot, langedes 45,7%. II kvartali kahjumiks kujunes 831 tuh eurot. II kvartali tulemusi mõjutasid enim koroona pandeemiast tingitud piirangud reisijate liikumisele. Piirangud mõjutasid eelkõige reisisadamate segmenti, kuna piiriüleste liikumispiirangute tõttu vähenes oluliselt reisijate ja ka reisilaevade külastuste arv. Kruiisilaevade külastusi ei toimunud II kvartalis üldse. Tallinna Sadama juhatuse esimehe Valdo Kalmu sõnul kaubasadamate tulule COVID-19 kokkuvõttes mõju ei avaldanud, sest vedellasti maht esimesel poolaastal kasvas kompenseerides puistlasti ja konteinerkaupade mahtude langust. ?Tulenevalt eelkõige reisijatega seotud tegevusmahu ja tulude langusest vähendasime ka tegevuskulusid, mis aga püsikulude suure osakaalu tõttu ei ole võrreldav tulude vähenemise mõjuga, seega vähenes kontserni kasumlikkus. Tänu mitmekesisele ärivaldkondade jaotusele suutsime kriisi mõju kontserni majandustulemustele siiski leevendada, samuti tasakaalustas II kvartali negatiivset mõju I kvartali tugev tulemus, mistõttu teenisime poolaasta kokkuvõttes üle 9 miljoni euro kasumit," nentis Kalm. Kalm peab oluliseks, et ka keerulises majanduskeskkonnas suutis ettevõte kinni pidada dividendipoliitikast ja maksta 30,2 mln eurot dividende ning jätkata pooleliolevate investeeringutega. Tallinna Sadama juhatuse liikmed tutvustavad kontserni finantstulemusi 14. augustil kell 11:00 toimuval ingliskeelsel veebiseminaril, millel osalemiseks saab registreeruda siin (https://register.gotowebinar.com/register/7467096128427417100). Peamised finantsnäitajad (mln EUR): II kv II kv +/- 6 kuud 6 kuud +/- 2020 2019 2020 2019 Müügitulu 22,4 32,8 -31,8% 50,3 61,4 -18,0% Korrigeeritud EBITDA 10,2 18,8 -45,7% 26,4 35,7 -26,1% Korrigeeritud EBITDA marginaal 45,6% 57,4% -11,8 52,5% 58,2% -5,7 Ärikasum 4,6 13,3 -65,4% 15,1 24,7 -38,9% Tulumaks -4,9 -5,8 -14,8% -4,9 -5,8 -14,8% Perioodi kasum/kahjum -0,8 7,2 -111,6% 9,2 18,2 -49,7% Investeeringud 8,6 7,1 21,1% 17,4 11,1 57,0% 30.06.2020 31.12.2019 +/- Varade maht 640,7 625,5 2,4% Netovõlg 160,1 172,7 -7,3% Omakapital 356,0 377,0 -5,6% Aktsiate arv 263,0 263,0 0,0% Müügitulu Müügitulu vähenes 2020. aasta 6 kuuga 11,1 mln eurot ehk 18%. Vähenemine toimus pea täielikult II kvartalis valdavalt kruiisi- ja reisilaevade laeva- ja reisijatasude tulu languse mõjul seoses COVID-19 pandeemia tõttu kehtestatud reisijate piiriülese liikumise piirangutega. Tulud kasvasid vaid jäämurdja Botnica prahitasust lepingulise tasu indekseerimise ja suvetöö veidi varasema alguse mõjul. Nii II kvartalis kui poolaastas kasvas müügitulu muus segmendis, langes aga reisisadamate, kaubasadamate ja reisiparvlaevade segmentides. Reisisadamate segmendi müügitulu langes II kvartalis 67% ja poolaasta kokkuvõttes 44% II kvartali reisijate- ja laevakülastuste arvu vähenemisest tingituna. Kaubasadamate tulule COVID-19 pandeemiaga seotud piirangud olulist mõju ei avaldanud. Kaubasadamate segmendi müügitulu II kvartalite võrdluses vähenes peamiselt seoses Muuga-Vuosaari liini ajutise ümbersuunamisega Muugalt Vanasadamasse (reisisadamate segment). Poolaasta kokkuvõttes vähenes müügitulu 6% erinevate tululiikide koosmõjul, enim vahendatud elektrienergia ja kaubatasu tulu osas, viimase puhul madalama tasuga vedellasti mahu kasvu ja teiste lastiliikide mahu vähenemise koosmõjul. Reisiparvlaevade segmendi tulu veidi vähenes, kuna käesoleva aasta suvehooajaks ei tellinud Eesti riik täiendavate reiside tegemiseks lisalaeva, mille asemel tehakse lisareise olemasoleva asenduslaevaga Regula. Vähenemist tasakaalustas osaliselt aga tasumäärade tõus, mis on seotud Eesti tarbija- ja kütuse hinnaindeksi ning palgainflatsiooniga. Muu segmendi müügitulu suurenemine tulenes jäämurdja Botnica lepingulise tasu indekseerimise mõjust Eesti tarbijahinnaindeksiga ning ka Kanada vetes toimuva suvetöö veidi varasemast algusest. EBITDA II kvartali võrdluses vähenes korrigeeritud EBITDA 8,6 mln euro võrra, peamiselt reisisadamate segmendi mõjul (7,9 mln eurot), kuid ka kaubasadamate segmendis (0,6 mln eurot). Korrigeeritud EBITDA marginaal langes 6 kuuga 58,2%lt 52,5%le II kvartali tulemuse mõjul, mil marginaal langes 57,4%lt 45,6%le. 6 kuu kokkuvõttes oli korrigeeritud EBITDA 26,4 mln eurot langedes 9,3 mln euro võrra eelmise aasta sama perioodiga võrreldes. Kasum 2020. aasta II kvartalis välja kuulutatud dividendidega summas 30,2 mln eurot kaasnes tulumaksukulu 4,91 mln eurot, mis oli 0,85 mln euro võrra väiksem eelmise aasta kulust. II kvartali tulemus (kahjum 0,8 mln eurot) jäi eelmise aasta võrdlusperioodi kasumile alla 8,0 mln eurot. 6 kuu kasum oli 9,2 mln eurot, mis oli 9,0 mln euro võrra väiksem eelneva aasta võrdlusperioodis kasumist. Investeeringud 2020. aasta 6 kuuga investeeris kontsern 17,4 mln eurot, mis ületas oluliselt eelmise aasta sama perioodi investeeringuid (11,1 mln eurot). Investeeringud olid peamiselt seotud Vanasadamas reisiterminali D rekonstrueerimise II etapiga ja kruiisiterminali ehituse algusega ning süvendustöödega Paldiski Lõunasadamas. II kvartali investeeringute summaks kujunes 8,6 mln eurot. Lühendatud konsolideeritud finantsseisundi aruanne: tuhandetes eurodes 30.06.2020 31.12.2019 ---------------------------------------------------------------- VARAD Käibevara Raha ja raha ekvivalendid 44 331 35 183 Nõuded ostjate vastu ja muud nõuded 11 243 10 614 Lepingulised nõuded 353 0 Varud 297 408 Müügiootel põhivara 98 142 ---------------------------------------------------------------- Käibevara kokku 56 322 46 347 ---------------------------------------------------------------- Põhivara Investeeringud sidusettevõtjatesse 1 349 1 609 Muud pikaajalised nõuded 259 294 Materiaalne põhivara 580 707 575 267 Immateriaalne põhivara 2 025 2 015 Põhivara kokku 584 340 579 185 ---------------------------------------------------------------- Varad kokku 640 662 625 532 ---------------------------------------------------------------- KOHUSTISED Lühiajalised kohustised Võlakohustised 16 266 16 266 Tuletisinstrumendid 173 243 Võlad omanikele 30 245 0 Eraldised 1 035 1 915 Sihtfinantseerimine 1 794 193 Maksuvõlad 715 893 Võlad tarnijatele ja muud võlad 16 612 11 722 Lepingulised kohustised 3 482 33 Lühiajalised kohustised kokku 70 322 31 265 ---------------------------------------------------------------- Pikaajalised kohustised Võlakohustised 188 197 191 580 Sihtfinantseerimine 25 219 24 754 Muud võlad 16 2 Lepingulised kohustised 914 913 Pikaajalised kohustised kokku 214 346 217 249 ---------------------------------------------------------------- Kohustised kokku 284 668 248 514 ---------------------------------------------------------------- OMAKAPITAL Aktsiakapital nimiväärtuses 263 000 263 000 Ülekurss 44 478 44 478 Kohustuslik reservkapital 20 262 18 520 Riskimaandamise reserv -173 -243 Eelmiste perioodide jaotamata kasum 19 276 6 859 Perioodi kasum 9 151 44 404 ---------------------------------------------------------------- Omakapital kokku 355 994 377 018 ---------------------------------------------------------------- Kohustised ja omakapital kokku 640 662 625 532 ---------------------------------------------------------------- Lühendatud konsolideeritud kasumiaruanne 6 kuud 6 kuud tuhandetes eurodes II kv 2020 II kv 2019 2020 2019 ------------------------------------------------------------------------------- Müügitulu 22 399 32 822 50 289 61 350 Muud tulud 219 305 1 980 580 Tegevuskulud -7 210 -9 319 -15 537 -16 717 Tööjõukulud -4 807 -4 817 -9 484 -9 108 Põhivara kulum ja väärtuse langus -5 924 -5 643 -11 912 -11 193 Muud kulud -79 -75 -213 -181 Ärikasum 4 598 13 273 15 113 24 731 ------------------------------------------------------------------------------- Finantstulud ja -kulud Finantstulud 13 14 24 27 Finantskulud -427 -443 -814 -881 Finantstulud ja -kulud kokku -414 -429 -790 -854 ------------------------------------------------------------------------------- Kapitaliosaluse meetodil arvestatud kasum investeeringutelt sidusettevõttesse -102 81 -259 86 Kasum enne tulumaksustamist 4 082 12 925 14 064 23 963 ------------------------------------------------------------------------------- Tulumaks -4 913 -5 764 -4 913 -5 764 Perioodi kasum/kahjum -831 7 161 9 151 18 199 ------------------------------------------------------------------------------- sh emaettevõtja omanike osa perioodi kasumist -831 7 161 9 151 18 199 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Tava ja lahjendatud puhaskasum aktsia kohta (eurodes) 0,00 0,03 0,03 0,07 Tava ja lahjendatud puhaskasum aktsia kohta - jätkuvad tegevused (eurodes) 0,00 0,03 0,03 0,07 ------------------------------------------------------------------------------- Lühendatud konsolideeritud rahavoogude aruanne: 6 kuud 6 kuud tuhandetes eurodes 2020 2019 ------------------------------------------------------------------------- Kaupade või teenuste müügist laekunud raha 55 328 65 769 Muude tulude eest laekunud raha 21 151 Maksed tarnijatele -20 587 -20 480 Maksed töötajatele ja töötajate eest -7 956 -8 791 Maksed muude kulude eest -196 -216 Makstud tulumaks dividendidelt 0 -4 949 Äritegevusest laekunud raha 26 610 31 484 ------------------------------------------------------------------------- Materiaalse põhivara soetamine -16 162 -9 975 Immateriaalse põhivara soetamine -272 -233 Materiaalse põhivara müük 1 101 24 Saadud põhivara sihtfinantseerimisest 2 061 0 Saadud intressid 15 25 Investeerimistegevuses kasutatud raha -13 257 -10 159 ------------------------------------------------------------------------- Saadud laenude tagasimaksed -3 383 -3 383 Makstud dividendid 0 -34 970 Makstud intressid -816 -887 Muud finantseerimistegevusest tulenevad maksed -6 -10 Finantseerimistegevuses(t) laekunud/kasutatud raha -4 205 -39 250 ------------------------------------------------------------------------- ------------------------------------------------------------------------- RAHAVOOG KOKKU 9 148 -17 925 ------------------------------------------------------------------------- Raha ja raha ekvivalendid perioodi alguses 35 183 42 563 Raha ja raha ekvivalentide muutus 9 148 -17 925 Raha ja raha ekvivalendid perioodi lõpus 44 331 24 638 ------------------------------------------------------------------------- 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. Kontserni 2019. a müügitulu oli 130,5 miljonit eurot, korrigeeritud EBITDA 74,3 miljonit eurot ning puhaskasum 44,4 miljonit eurot. Lisainfo: Marju Zirel Investorsuhete juht [email protected] (mailto:[email protected])
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Pealkiri
AS Tallinna Sadam financial results for 2020 Q2 and 6 months
Teade
The impact of the COVID-19 pandemic was greatest in the second quarter of 2020, which resulted in a decrease in revenue, adjusted EBITDA and profit of AS Tallinna Sadam (hereafter: "the Group"). In Q2 2020, the revenue amounted to EUR 22.4 million decreasing by 31.8% compared to the same period previous year. The adjusted EBITDA was EUR 10.2 million decreasing by 45.7%. The loss in Q2 amounted to EUR 831 thousand. The results of Q2 were mostly affected by the restrictions on passenger movement due to the corona pandemic. The restrictions mainly affected the Passenger harbours segment, as the number of passengers as well as passenger vessel calls decreased significantly due to cross-border traffic restrictions. Also, there were no cruise ship calls in the second quarter. According to Valdo Kalm, Chairman of the Management Board, COVID-19 had no effect on the revenue of Cargo harbours, as the volume of liquid bulk increased in the first half of the year, compensating for the decrease in dry bulk and container cargo. "Because of lower operating volumes and revenue, primarily related to passengers, we also reduced operating expenses, but due to a large share of fixed costs, the cut in operating expenses was not comparable in size to the decline in revenue, therefore the profitability decreased. However, due to the diversification of business areas, we were able to mitigate the impact of the crisis on the Group's financial results, and the negative impact of the second quarter was offset by the strong result of the first quarter, which resulted in a profit of more than EUR 9 million for the first half of the year," stated Kalm. Kalm considers it substantial that even in a difficult economic environment, the company was able to adhere to the dividend policy and pay dividends of EUR 30.2 million and continue with ongoing investments. Tallinna Sadam will present the financial results of the Group at a webinar on 14 August at 11:00, to attend, please register here (https://register.gotowebinar.com/register/7467096128427417100). The webinar will be held in English. Key figures (in million EUR): Q2 Q2 +/- 6M 6M +/- 2020 2019 2020 2019 Revenue 22.4 32.8 -31.8% 50.3 61.4 -18.0% Adjusted EBITDA 10.2 18.8 -45.7% 26.4 35.7 -26.1% Adjusted EBITDA margin 45.6% 57,4% -11.8 52.5% 58.2% -5.7 Operating profit 4.6 13.3 -65.4% 15.1 24.7 -38.9% Income tax -4.9 -5.8 -14.8% -4.9 -5.8 -14.8% Profit for the period -0.8 7.2 -111.6% 9.2 18.2 -49.7% Investments 8.6 7.1 21.1% 17.4 11.1 57.0% 30.06.2020 31.12.2019 +/- Total assets 640,7 625,5 2,4% Interest bearing debt 160,1 172,7 -7,3% Other liabilities 356,0 377,0 -5,6% Equity 263,0 263,0 0,0% Number of shares 640,7 625,5 2,4% Revenue Revenue for the first six months of 2020 decreased by EUR 11.1 million, i.e. 18%. The decrease occurred almost entirely in Q2 mainly influenced by the decline in revenues from ferries and cruise ships due to restrictions on cross- border passenger movements imposed in connection with the COVID-19 pandemic. Revenues increased only from the icebreaker Botnica's charter fee through the indexation of contractual fees and a slightly earlier start of the summer work. In both Q2 and the first half of the year, revenue increased in the segment Other, but decreased in the segments of Passenger harbours, Cargo harbours and Ferry. The revenue of the Cargo harbours segment was not significantly affected by the restrictions related to the COVID-19 pandemic. Revenue declined because the ferries operating on the Muuga-Vuosaari route were temporarily rerouted to the Old City Harbour (Passenger harbours segment). In the first half of the year, revenue decreased by 6% due to the combined effect of various items of revenue, mostly because the volume of electricity sold (as an agent) and cargo charge revenue decreased. Cargo charge revenue declined due to the combined effect of an increase in the volume of liquid bulk cargo whose cargo charges are lower and a decrease in the volumes of other cargo types. The revenue of the Ferry segment decreased slightly because the Estonian state did not order an additional vessel for extra trips during the summer season. Instead, the additional trips are made by an existing replacement ferry Regula. The decline was partly offset by a rise in fee rates, which are linked to the Estonian consumer and fuel price indices and wage inflation. The revenue of the segment Other increased through the indexation of the contractual fees of the icebreaker Botnica to the Estonian and Canadian consumer price indices and a slightly earlier start of the work in Canadian waters during the summer season. EBITDA Adjusted EBITDA for Q2 decreased by EUR 8.6 million year-on-year mostly due to the Passenger harbours segment (EUR 7.9 million) but also in the Cargo harbours segment (EUR 0.6 million). Adjusted EBITDA margin decreased from 58.2% to 52.5% in 6 months influenced by the result of Q2, when the margin decreased from 57.4% to 45.6%. In 6 months, adjusted EBITDA was 26.4 million euros, decreasing by EUR 9.3 million compared to the same period last year. Profit In the second quarter of 2020, the Group declared a dividend of EUR 30.2 million and related income tax expense amounted to EUR 4.91 million, EUR 0.85 million less than in the previous year. The result for Q2 (a loss of EUR 0.8 million) fell short of the profit for the comparative period by EUR 8.0 million. Profit for the first six months was EUR 9.2 million, which was EUR 9 million less year- on-year. Investments In the first six months of 2020, the Group invested EUR 17.4 million, significantly more than in the same period last year (EUR 11.1 million). Investments were mostly related to phase 2 of the reconstruction of passenger terminal D at the Old City Harbour, the start of the construction of a cruise terminal and dredging works at the Paldiski South Harbour. Investments of the second quarter totaled EUR 8.6 million. Interim condensed consolidated statement of financial position: In thousands of euros 30.06.2020 31.12.2019 -------------------------------------------------------------- ASSETS Current assets Cash and cash equivalents 44,331 35,183 Trade and other receivables 11,243 10,614 Contract assets 353 0 Inventories 297 408 Non-current assets held for sale 98 142 -------------------------------------------------------------- Total current assets 56,322 46,347 -------------------------------------------------------------- Non-current assets Investments in associates 1,349 1,609 Other long-term receivables 259 294 Property, plant and equipment 580,707 575,267 Intangible assets 2,025 2,015 Total non-current assets 584,340 579,185 -------------------------------------------------------------- Total assets 640,662 625,532 -------------------------------------------------------------- LIABILITIES Current liabilities Loans and borrowings 16,266 16,266 Derivative financial instruments 173 243 Payables to owners 30,245 0 Provisions 1,035 1,915 Government grants 1,794 193 Taxes payable 715 893 Trade and other payables 16,612 11,722 Contract liabilities 3,482 33 -------------------------------------------------------------- Total current liabilities 70,322 31,265 -------------------------------------------------------------- Non-current liabilities Loans and borrowings 188,197 191,580 Government grants 25,219 24,754 Other payables 16 2 Contract liabilities 914 913 Total non-current liabilities 214,346 217,249 -------------------------------------------------------------- Total liabilities 284,668 248,514 -------------------------------------------------------------- EQUITY Share capital at par value 263,000 263,000 Share premium 44,478 44,478 Statutory capital reserve 20,262 18,520 Hedge reserve -173 -243 Retained earnings (prior periods) 19,276 6,859 Profit for the period 9,151 44,404 -------------------------------------------------------------- Total equity 355,994 377,018 -------------------------------------------------------------- Total liabilities and equity 640,662 625,532 -------------------------------------------------------------- Interim condensed consolidated statement of profit or loss: In thousands of euros Q2 2020 Q2 2019 6M 2020 6M 2019 ------------------------------------------------------------------------------- Revenue 22,399 32,822 50,289 61,350 Other income 219 305 1,980 580 Operating expenses -7,210 -9,319 -15,537 -16,717 Personnel expenses -4,807 -4,817 -9,484 -9,108 Depreciation, amortisation and impairment -5,924 -5,643 -11,912 -11,193 Other expenses -79 -75 -213 -181 Operating profit 4,598 13,273 15,113 24,731 ------------------------------------------------------------------------------- Finance income and costs Finance income 13 14 24 27 Finance costs -427 -443 -814 -881 Finance costs - net -414 -429 -790 -854 ------------------------------------------------------------------------------- Share of profit of an associate accounted for under the equity method -102 81 -259 86 Profit before income tax 4,082 12,925 14,064 23,963 ------------------------------------------------------------------------------- Income tax -4,913 -5,764 -4,913 -5,764 Profit/loss for the period -831 7,161 9,151 18,199 ------------------------------------------------------------------------------- Attributable to owners of the Parent -831 7,161 9,151 18,199 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Basic and diluted earnings per share (in euros) 0.00 0.03 0.03 0.07 Basic and diluted earnings per share - continuing operations (in euros) 0.00 0.03 0.03 0.07 ------------------------------------------------------------------------------- Interim condensed consolidated statement of cash flows: In thousands of euros 6M 2020 6M 2019 --------------------------------------------------------------------------- Cash receipts from sale of goods and services 55,328 65,769 Cash receipts related to other income 21 151 Payments to suppliers -20,587 -20,480 Payments to and on behalf of employees -7,956 -8,791 Payments for other expenses -196 -216 Income tax paid on dividends 0 -4,949 Cash from operating activities 26,610 31,484 --------------------------------------------------------------------------- Purchases of property, plant and equipment -16,162 -9,975 Purchases of intangible assets -272 -233 Proceeds from sale of property, plant and equipment 1,101 24 Government grants received 2,061 0 Interest received 15 25 Cash used in investing activities -13,257 -10,159 --------------------------------------------------------------------------- Repayments of loans received -3,373 -3,383 Dividends paid 0 -34,970 Interest paid -816 -887 Other payments related to financing activities -6 -10 Cash from/used in financing activities -4,205 -39,250 --------------------------------------------------------------------------- NET CASH FLOW 9,148 -17,925 --------------------------------------------------------------------------- Cash and cash equivalents at beginning of the period 35,183 42,563 Change in cash and cash equivalents 9,148 -17,925 Cash and cash equivalents at end of the period 44,331 24,638 --------------------------------------------------------------------------- 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. According to audited financial results, Tallinna Sadam group's sales in 2019 totaled EUR 130.5 million, adjusted EBITDA EUR 74.3 million and net profit EUR 44.4 million. Additional information: Marju Zirel Head of Investor Relations AS Tallinna Sadam [email protected] (mailto:[email protected])