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
9162
Manused
Esitamise kuupäev ja aeg
10.11.2021 08:00:00
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Pealkiri
ASi Tallinna Sadam 2021 III kvartali majandustulemused
Teade
III kvartalis aasta võrdluses kasvas Tallinna Sadama kontserni müügitulu, kuid korrigeeritud EBITDA ja kasum vähenesid. Müügitulu moodustas III kvartalis 32 miljonit eurot kasvades võrreldes eelmise aasta sama perioodiga 2%. Kontserni korrigeeritud EBITDA oli III kvartalis 17 miljonit eurot (-14%) ja kasumiks kujunes 11 miljonit eurot (-23%). 9 kuu kokkuvõttes oli müügitulu 82 miljonit eurot (-1%), korrigeeritud EBITDA 41 miljonit eurot (-11%) ja kasum 19 miljonit eurot (-16%). Kontserni tulemusi mõjutasid jätkuvalt oluliselt COVID-19 pandeemia tõttu riikide poolt kehtestatud piirangud inimeste piiriülesele liikumisele, mis jätsid jälje eelkõige reisisadamate segmendi tulemustele. Piirangute mõjul vähenes reisijate arv eelkõige I kvartalis, kuid mõningane langus toimus ka III kvartalis. Liinireisilaevade külastuste arv 9 kuu võrdluses mõnevõrra kasvas, lisaks toimus 39 kruiisilaevade külastust, eelmisel aastal kruiisilaevakülastusi ei toimunud. Kaubamaht aga jätkas jõudsat kasvu nii III kvartalis kui 9 kuu kokkuvõttes vedellasti, ro-ro kauba ja puistlasti mõjul. Tallinna Sadama juhatuse esimehe Valdo Kalmu sõnul tuleb ettevõttel lisaks pandeemiast tingitud reisijate arvu olulisele vähenemisele arvestada ka survega kulubaasile nii teenuste kallinemise kui hüppeliselt kasvavate energia hindadega, mis mõjutavad otseselt kogu transpordisektorit. Kulude kasv tulenes ka 2020. aastal rakendatud kokkuhoiumeetmete tõttu tavapärasest madalamast võrdlusbaasist. Eelmise aasta kasumit toetas ka ühekordse iseloomuga kasum varade müügist peamiselt Paljassaare sadamas. ?Siiski aitab mitmekesine ärimudel ka tänases keerulises olukorras jätkuvalt tugevas kasumis püsida ning hoiame lubatud dividendi kurssi," ütles Kalm. Tallinna Sadama juhatuse esimees ja investorsuhete juht tutvustavad kontserni finantstulemusi 10. novembril kell 11:00 toimuval ingliskeelsel veebiseminaril, millel saab osaleda selle lingi kaudu (https://teams.microsoft.com/l/meetup- join/19%3ameeting_ZGM3YzI3ODItYjY0ZC00N2UzLTk3ZTYtODEwMjgxZmY0OGMz%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%7d&btype=a&role=a). Peamised finantsnäitajad (mln EUR): III kv III kv +/- 9 kuud 9 kuud +/- 2021 2020 % 2021 2020 % Müügitulu 32,2 31,8 1,6 81,5 82,1 -0,7 Korrigeeritud EBITDA 17,1 19,9 -14,2 41,2 46,3 -10,9 Korrigeeritud EBITDA marginaal 52,9% 62,7% -9,8 50,6% 56,4% -5,8 Ärikasum 10,7 14,2 -24,8 23,1 29,3 -21,1 Tulumaks 0 0 - -3,3 -4,9 -33,3 Perioodi kasum 10,6 13,6 -22,5 19,1 22,8 -16,3 Investeeringud 2,3 11,5 -80,2 10,2 28,9 -64,7 30.09.2021 31.12.2020 +/- Varade maht 622,9 628,1 -1,5% Intressi kandvad võlakohustused 204,2 211,6 -3,5% Muud kohustused 44,4 41,1 8,0% Omakapital 374,4 375,4 -0,3% Aktsiate arv (mln) 263,0 263,0 0,0% Olulisemad sündmused III kvartalis: * Kruiisiterminali ja promenaadi avamine * HHLA uued konteinerkraanad Muuga sadamas * Reisiparvlaeva Tõll intsident * Admiralisilla avamine * Investorpäev kruiisiterminalis * Katoen Natie terminali laiendus Muugal * Kruiisiterminal ja promenaad on Tallinna Arendusprojekt 2021 Müügitulu Müügitulu kasvas III kvartalis 0,5 mln eurot (+1,6%). 9 kuu kokkuvõttes vähenes müügitulu 0,5 mln eurot (-0,7%) ja oli 81,5 mln eurot. Vähenemine toimus I kvartali mõjul, kuna eelmise aasta alguses ei olnud veel COVID-19 piiranguid ega sellest tingitud mõjusid. Tululiikidest vähenesid reisijatasude tulu (-39%) ja laevatasude tulu (-1%), tulu teistes tululiikidest aga kasvas, enim elektrienergia müügist (+35%), üleveoteenuse osutamisest (+2%) ja kaubatasust (+6%). Reisisadamate segmendi müügitulu vähenes 9 kuuga 2,2 mln eurot (-10%) eelneva aasta suhtes peamiselt reisijatasu tulu vähenemise tõttu seoses reisijate arvu langusega (põhiliselt I kvartali mõjul), tingituna COVID-19 pandeemiaga seotud reisimispiirangutest. III kvartalis vähenes reisisadamate segmendi müügitulu 0,4 mln eurot (-4%). Kaubasadamate segmendi 9 kuu müügitulu kasvas erinevate tululiikide koosmõjul 1,2 mln eurot (+4%), enim vahendatud elektrienergia müügist. III kvartali võrdluses kasvas kaubasadamate segmendi müügitulu 0,5 mln eurot samal põhjusel. Reisiparvlaevade segmendi 9 kuu müügitulu kasvas 0,5 mln eurot (+2,2%) nii üleveoteenuse tulu mõningase kasvu kui renditulu mõjul, mida eelmise aasta võrdlusperioodil vähendas reisijate arvu langus seoses reisimispiirangutega suursaartele. III kvartali võrdluses kasvas reisiparvlaevade segmendi müügitulu 0,3 mln eurot. Muu segmendi müügitulu püsis eelneva aasta tasemel. III kvartalis olulist müügitulu muutust ei toimunud. EBITDA III kvartalite võrdluses vähenes korrigeeritud EBITDA 2,8 mln euro võrra (-14%), peamiselt reisisadamate segmendi mõjul (-3,0 mln eurot). 9 kuu korrigeeritud EBITDA vähenes 5,1 mln euro võrra (-11%). Segmentidest kasvas korrigeeritud EBITDA III kvartalis pisut muus segmendis ning langes kõigis teistes segmentides, enim reisisadamate segmendis. Korrigeeritud EBITDA marginaal langes 9 kuu võrdluses 56,4%-lt 50,6%-le. III kvartali võrdluses langes marginaal 62,7%-lt 52,9%-le. Kasum III kvartali kasum 10,6 mln eurot jäi eelmise aasta võrdlusperioodi kasumile alla 3,1 mln euro võrra. 9 kuu kasum oli 19,1 mln eurot (-3,7 mln eurot). Kasum vähenes ärikasumist vähem, kuna neto finantskulu vähenes ja sidusettevõttest Green Marine kapitaliosaluse meetodil arvestatud tulemus paranes. Investeeringud III kvartali investeeringute summaks kujunes 2,3 mln eurot (2020 III kvartal: 11,5 mln eurot). 2021. aasta 9 kuuga investeeris kontsern 10,2 mln eurot, mis jäi oluliselt väiksemaks eelmise aasta sama perioodi näitajast (28,9 mln eurot). 9 kuu investeeringud olid peamiselt seotud Vanasadamas kruiisiterminali ja promenaadi ehituse lõpetamise ja jalakäijate silla ehitusega. Lühendatud konsolideeritud finantsseisundi aruanne: tuhandetes eurodes 30.09.2021 31.12.2020 ---------------------------------------------------------------- VARAD Käibevara Raha ja raha ekvivalendid 25 724 26 679 Nõuded ostjate vastu ja muud nõuded 12 981 10 183 Lepingulised varad 692 0 Varud 276 360 Müügiootel põhivara 0 114 Käibevara kokku 39 673 37 336 Põhivara Investeeringud sidusettevõtetesse 1 412 1 147 Muud pikaajalised nõuded 530 0 Materiaalne põhivara 579 144 587 506 Immateriaalne põhivara 2 175 2 104 Põhivara kokku 583 261 590 757 ---------------------------------------------------------------- Varad kokku 622 934 628 093 ---------------------------------------------------------------- ---------------------------------------------------------------- KOHUSTISED Lühiajalised kohustised Võlakohustised 17 266 17 266 Tuletisinstrumendid 0 102 Eraldised 1 170 1 289 Sihtfinantseerimine 2 011 1 919 Maksuvõlad 1 542 744 Võlad tarnijatele ja muud võlad 8 564 9 116 Lepingulised kohustised 1 821 33 ---------------------------------------------------------------- Lühiajalised kohustised kokku 32 374 30 469 ---------------------------------------------------------------- Pikaajalised kohustised Võlakohustised 186 931 194 314 Sihtfinantseerimine 27 688 26 145 Muud võlad 722 841 Lepingulised kohustised 859 892 Pikaajalised kohustised kokku 216 200 222 192 ---------------------------------------------------------------- Kohustised kokku 248 574 252 661 ---------------------------------------------------------------- OMAKAPITAL Aktsiakapital nimiväärtuses 263 000 263 000 Ülekurss 44 478 44 478 Kohustuslik reservkapital 21 271 20 262 Riskimaandamise reserv 0 -102 Eelmiste perioodide jaotamata kasum 26 534 19 276 Perioodi kasum 19 077 28 518 ---------------------------------------------------------------- Omakapital kokku 374 360 375 432 ---------------------------------------------------------------- Kohustised ja omakapital kokku 622 934 628 093 ---------------------------------------------------------------- Lühendatud konsolideeritud kasumiaruanne tuhandetes eurodes III kv 2021 III kv 2020 9 kuud 2021 9 kuud 2020 ------------------------------------------------------------------------------- Müügitulu 32 263 31 767 81 511 82 055 Muud tulud 379 823 1 037 2 793 Tegevuskulud -10 081 -7 744 -25 454 -23 281 Tööjõukulud -5 370 -4 581 -15 114 -14 065 Põhivara kulum ja väärtuse langus -6 405 -5 983 -18 502 -17 895 Muud kulud -116 -89 -369 -302 Ärikasum 10 670 14 193 23 109 29 305 ------------------------------------------------------------------------------- Finantstulud ja -kulud Finantstulud 23 5 60 29 Finantskulud -341 -482 -1 082 -1 295 Finantstulud ja -kulud kokku -318 -477 -1 022 -1 266 ------------------------------------------------------------------------------- Kapitaliosaluse meetodil arvestatud kasum investeeringutelt sidusettevõttesse 224 -72 265 -331 Kasum enne tulumaksustamist 10 576 13 644 22 352 27 708 ------------------------------------------------------------------------------- Tulumaksukulu 0 0 -3 275 -4 913 Perioodi kasum 10 576 13 644 19 077 22 795 ------------------------------------------------------------------------------- sh emaettevõtja omanike osa perioodi kasumist 10 576 13 644 19 077 22 795 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Tava ja lahjendatud puhaskasum aktsia kohta (eurodes) 0,04 0,05 0,07 0,09 Tava ja lahjendatud puhaskasum aktsia kohta - jätkuvad tegevused (eurodes) 0,04 0,05 0,07 0,09 ------------------------------------------------------------------------------- Lühendatud konsolideeritud rahavoogude aruanne: tuhandetes eurodes 9 kuud 2021 9 kuud 2020 --------------------------------------------------------------------------- Kaupade või teenuste müügist laekunud raha 87 777 86 160 Muude tulude eest laekunud raha 83 31 Maksed tarnijatele -30 919 -31 146 Maksed töötajatele ja töötajate eest -13 877 -11 758 Maksed muude kulude eest -376 -327 Muud maksed 0 -2 600 Makstud tulumaks dividendidelt -3 440 -4 913 Äritegevusest laekunud raha 39 248 35 447 --------------------------------------------------------------------------- Materiaalse põhivara soetamine -11 516 -28 134 Immateriaalse põhivara soetamine -525 -348 Materiaalse põhivara müük 523 1 618 Saadud põhivara sihtfinantseerimisest 0 2 061 Saadud intressid 2 15 Investeerimistegevuses kasutatud raha -11 516 -24 788 --------------------------------------------------------------------------- Saadud laenud 0 10 000 Saadud laenude tagasimaksed -7 383 -6 383 Makstud dividendid -20 085 -30 008 Makstud intressid -1 218 -1 331 Muud finantseerimistegevusest tulenevad maksed -1 -11 Finantseerimistegevuses(t) laekunud/kasutatud raha -28 687 -27 733 --------------------------------------------------------------------------- RAHAVOOG KOKKU -955 -17 074 --------------------------------------------------------------------------- Raha ja raha ekvivalendid perioodi alguses 26 679 35 183 Raha ja raha ekvivalentide muutus -955 -17 074 Raha ja raha ekvivalendid perioodi lõpus 25 724 18 109 --------------------------------------------------------------------------- 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 2020. a müügitulu oli 107,4 miljonit eurot, korrigeeritud EBITDA 58,4 miljonit eurot ning kasum 28,5 miljonit eurot. Lisainfo: Marju Zirel Investorsuhete juht Tel. +372 53 42 6591 E-post: [email protected] (mailto:[email protected])
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Pealkiri
AS Tallinna Sadam financial results for 2021 Q3
Teade
In the third quarter, year on year, the revenue of AS Tallinna Sadam increased,
but adjusted EBITDA and profit decreased. Revenue amounted to EUR 32 million in
the third quarter, increasing by 2% year on year. The Group's adjusted EBITDA in
the third quarter was EUR 17 million (-14%) and the profit amounted to EUR 11
million (-23%). In the first nine months, revenue was EUR 82 million (-1%),
adjusted EBITDA EUR 41 million (-11%) and profit EUR 19 million (-16%).
The Group's results were still strongly influenced by cross-border travel
restrictions between countries put in place due to the COVID-19 pandemic, which
had a particularly strong effect on the performance of the passenger harbours
segment. As a result of the restrictions, passenger numbers dropped sharply year
on year, particularly in the first quarter but the figure for the third quarter
decreased somewhat as well. The number of port calls by ferries grew slightly
year on year and there were also 39 port calls by cruise ships, compared with
none last year. In Q3 and 9 months, cargo throughput continued to grow
vigorously through growth in liquid bulk, ro-ro and dry bulk cargo.
According to Valdo Kalm, Chairman of the Management Board of Tallinna Sadam, in
addition to the significant decrease in the number of passengers caused by the
pandemic, the company must also take into account the pressure on the cost base
by higher prices for services and steeply rising energy prices, which have a
direct impact on the transport sector as a whole. The increase in costs was also
due to the lower-than-usual reference base due to the austerity measures
implemented in 2020. Last year's profit was also supported by a one-time profit
from the sale of assets, mainly in Paljassaare Harbor. "However, even in today's
difficult situation, a diverse business model will help to maintain strong
profits and we will keep the promised dividend level," said Kalm.
The CEO and the head of investor relations of Tallinna Sadam will present the
financial results of the Group at a webinar on 10 November at 11:00 Estonian
time (EET), to attend, please click here (https://teams.microsoft.com/l/meetup-
join/19%3ameeting_ZGM3YzI3ODItYjY0ZC00N2UzLTk3ZTYtODEwMjgxZmY0OGMz%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%7d&btype=a&role=a). The webinar will be held in
English.
Key figures (in million EUR):
Q3 Q3 +/- 9M 9M +/-
2021 2020 % 2021 2020 %
Revenue 32.2 31.8 1.6 81.5 82.1 -0.7
Adjusted EBITDA 17.1 19.9 -14.2 41.2 46.3 -10.9
Adjusted EBITDA margin 52.9% 62.7% -9.8 50.6% 56.4% -5.8
Operating profit 10.7 14.2 -24.8 23.1 29.3 -21.1
Income tax 0 0 - -3.3 -4.9 -33.3
Profit for the period 10.6 13.6 -22.5 19.1 22.8 -16.3
Investments 2.3 11.5 -80.2 10.2 28.9 -64.7
30.09.2021 31.12.2020 +/-
Total assets 622.9 628.1 -1.5%
Interest bearing debt 204.2 211.6 -3.5%
Other liabilities 44.4 41.1 8.0%
Equity 374.4 375.4 -0.3%
Number of shares (mln) 263.0 263.0 0.0%
Significant events in Q3:
* Opening of cruise terminal and promenade
* HHLA new container cranes at the Muuga harbor
* Incident with the ferry Tõll
* Opening of the Admiral Bridge
* Investor Day at the cruise terminal
* Extension of Katoen Natie terminal in Muuga
* Cruise terminal and promenade was awarded as Tallinn Development Project
2021
Revenue
Revenue for the third quarter grew by EUR 0.5 million (+1.6%).
Revenue for the first 9 months declined by EUR 0.5 million (-0.7%) amounting to
EUR 81.5 million. The decrease is attributable to the first quarter because
there were no COVID-19-related restrictions or impacts at the beginning of last
year.
In terms of revenue streams, the decline appeared in passenger fees revenue
(-39%) and vessel dues revenue (-1%), other revenue streams increased, the most
in the sale of electricity (+35%), ferry service (+2%) and cargo charge revenue
(+6%).
The nine-month revenue of the Passenger harbours segment decreased by EUR 2.2
million (-10%) year on year, mainly because passenger fees revenue dropped due
to a decline in the number of passengers (primarily in the first quarter) in
connection with COVID-19-related travel restrictions. In Q3 the revenue of the
Passenger harbours segment decreased by EUR 0.4 million year on year (-4%).
The nine-month revenue of the Cargo harbours segment grew by EUR 1.2 million
(+4%) due to the combined effect of various revenue items but mostly through
growth in electricity sales. The Q3 revenue of the Cargo harbours segment grew
by EUR 0.5 million for the same reasons.
The revenue of the Ferry segment grew by EUR 0.5 million (+2.2%) through slight
growth in ferry service revenue as well as lease revenue which in the
comparative period was lowered by a decline in passenger traffic caused by
travel restrictions. The Q3 revenue of the Ferry segment grew by EUR 0.3
million.
The nine-months revenue of the segment Other remained stable year on year. There
was no significant change in the revenue for Q3.
EBITDA
Adjusted EBITDA for Q3 dropped by EUR 2.8 million (-14%), mostly due to
Passenger harbours segement (EUR -3.0 million). Adjusted EBITDA for 9 months
decreased by EUR 5.1 million (-11%). In segment terms, adjusted EBITDA for Q3
increased slightly in the segment Other and declined in all other segments, the
most in the Passenger harbours segment. Adjusted EBITDA margin declined in 9
months from 56.4% to 50.6%. In Q3 the margin fell slightly from 62.7% to 52.9%.
Profit
Profit for the third quarter was EUR 10.6 million, which is EUR 3.1 million less
than in the comparative period. Profit for 9 months was EUR 19.1 million (EUR
-3.7 million). Profit decreased less than operating profit because net finance
costs decreased and the result of the Group's equity-accounted associate Green
Marine improved
Investments
Investments of the third quarter totalled EUR 2.3 million (Q3 2020: EUR 11.5
million). In the first nine months of 2021, the Group invested EUR 10.2 million,
significantly less than in the same period last year (EUR 28.9 million).
Investments of the period were mostly made in the completion of the construction
of a cruise terminal and a promenade and the construction of a footbridge at Old
City Harbour.
Interim condensed consolidated statement of financial position:
In thousands of euros 30 September 2021 31 December 2020
---------------------------------------------------------------------------
ASSETS
Current assets
Cash and cash equivalents 25,724 26,679
Trade and other receivables 12,981 10,183
Contract assets 692 0
Inventories 276 360
Non-current assets held for sale 0 114
---------------------------------------------------------------------------
Total current assets 39,673 37,336
---------------------------------------------------------------------------
Non-current assets
Investments in associates 1,412 1,147
Other long-term receivables 530 0
Property, plant and equipment 579,144 587,506
Intangible assets 2,175 2,104
Total non-current assets 583,261 590,757
---------------------------------------------------------------------------
Total assets 622,934 628,093
---------------------------------------------------------------------------
LIABILITIES
Current liabilities
Loans and borrowings 17,266 17,266
Derivative financial instruments 0 102
Provisions 1,170 1,289
Government grants 2,011 1,919
Taxes payable 1,542 744
Trade and other payables 8,564 9,149
Total current liabilities 1,821 30,469
---------------------------------------------------------------------------
Non-current liabilities
Loans and borrowings 186,931 194,314
Government grants 27,688 26,145
Other payables 722 841
Contract liabilities 859 892
Total non-current liabilities 216,200 222,192
---------------------------------------------------------------------------
Total liabilities 248,574 252,661
---------------------------------------------------------------------------
EQUITY
Share capital at par value 263,000 263,000
Share premium 44,478 44,478
Statutory capital reserve 21,271 20,262
Hedge reserve 0 -102
Retained earnings (prior periods) 26,534 19,276
Profit for the period 19,077 28,518
---------------------------------------------------------------------------
Total equity 374,360 375,432
---------------------------------------------------------------------------
Total liabilities and equity 622,934 628,093
---------------------------------------------------------------------------
Interim condensed consolidated statement of profit or loss:
In thousands of euros Q3 2021 Q3 2020 9M 2021 9M 2020
-------------------------------------------------------------------------------
Revenue 32,263 31,767 81,511 82,055
Other income 379 823 1,037 2,793
Operating expenses -10,081 -7,744 -25,454 -23,281
Personnel expenses -5,370 -4,581 -15,114 -14,065
Depreciation, amortisation and impairment -6,405 -5,983 -18,502 -17,895
Other expenses -116 -89 -369 -302
Operating profit 10,670 14,193 23,109 29,305
-------------------------------------------------------------------------------
Finance income and costs
Finance income 23 5 60 29
Finance costs -341 -482 -1,082 -1,295
Finance costs - net -318 -477 -1,022 -1,266
-------------------------------------------------------------------------------
Share of profit of an associate accounted for
under the equity method 224 -72 265 -331
Profit before income tax 10,576 13,644 22,352 27,708
-------------------------------------------------------------------------------
Income tax 0 0 -3,275 -4,913
Profit for the period 10,576 13,644 19,077 22,795
-------------------------------------------------------------------------------
Attributable to owners of the Parent 10,576 13,644 19,077 22,795
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Basic and diluted earnings per share (in
euros) 0.04 0.05 0.07 0.09
Basic and diluted earnings per share -
continuing operations (in euros) 0.04 0.05 0.07 0.09
-------------------------------------------------------------------------------
Interim condensed consolidated statement of cash flows:
In thousands of euros 9M 2021 9M 2020
---------------------------------------------------------------------------
Cash receipts from sale of goods and services 87,777 86,160
Cash receipts related to other income 83 31
Payments to suppliers -30,919 -31,146
Payments to and on behalf of employees -13,877 -11,758
Payments for other expenses -376 -327
Other payments 0 -2,600
Income tax paid on dividends -3,440 -4,913
---------------------------------------------------------------------------
Cash from operating activities 39,248 35,447
---------------------------------------------------------------------------
Purchases of property, plant and equipment -11,516 -28,134
Purchases of intangible assets -525 -348
Proceeds from sale of property, plant and equipment 523 1,618
Government grants received 0 2,061
Interest received 2 15
Cash used in investing activities -11,516 -24,788
---------------------------------------------------------------------------
Proceeds from loans received 0 10,000
Repayments of loans received -7,383 -6,383
Dividends paid -20,085 -30,008
Interest paid -1,218 -1,331
Other payments related to financing activities -1 -11
Cash from/used in financing activities -28,687 -27,733
---------------------------------------------------------------------------
NET CASH FLOW -955 -17,074
---------------------------------------------------------------------------
Cash and cash equivalents at beginning of the period 26,679 35,183
Change in cash and cash equivalents -955 -17,074
Cash and cash equivalents at end of the period 25,724 18,109
---------------------------------------------------------------------------
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. The group's sales in 2020
totalled EUR 107.4 million, adjusted EBITDA EUR 58.4 million and profit EUR
28.5 million.
Additional information:
Marju Zirel
Head of Investor Relations
Tel. +372 5342 6591
[email protected] (mailto:[email protected])