Börsiteade
AS TALLINNA SADAM
Kategooria
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Manused
Kuupäev
10.05.2024 08:00:00
Pealkiri
ASi Tallinna Sadam 2024 I kvartali majandustulemused
Teade
Tallinna Sadam teenis I kvartalis 27,9 miljonit eurot müügitulu ja 5,2 miljonit eurot kasumit. I kvartalis langesid aasta võrdluses nii müügitulu (-2%), korrigeeritud EBITDA (-6%) kui kasum (-9%). Korrigeeritud EBITDA marginaal oli 46% ning investeeringute maht 18,0 mln eurot. Reisijate äris jätkus stabiilne reisijate arvu kasv ja kaubaäris toimus mahtude stabiliseerumine. Reisilaevakülastused vähenesid tingituna peamiselt Eckerö Line`i laeva Finlandia plaanilistest dokitöödest ja mõjutasid oluliselt I kvartali finantstulemusi. Laevanduses näitasid stabiilseid tulemusi nii reisiparvlaevad kui jäämurdja Botnica, kuid reisiparvlaevade jääoludest tingitud kütusekulu kasv vähendas reisiparvlaevade segmendi kasumlikkust. Tõusnud Euribori mõjul suurenesid finantskulud ning eelmise aasta jooksul peamiselt laevanduses tehtud palgamuudatused tõstsid tööjõukulusid. Paldiski Lõunasadamas jätkus tuuleparkide ehitus- ja hoolduskai rajamine, mis moodustas enamuse I kvartali investeeringutest. Tallinna Sadama juhatus tutvustab kontserni finantstulemusi 10. mail veebiseminaridel, sh kell 10.00 toimub veebiseminar eesti keeles (link eestikeelsele seminarile (https://teams.microsoft.com/l/meetup- join/19%3ameeting_MzFkYWY0MjAtMmNhYi00MGM1LWE5ZTctODJhOWI1M2M3ZTdj%40thread.v2/0 ?context=%7B%22Tid%22%3A%223c572f71-c808-4685-aa00- 2ca59a11c7e2%22%2C%22Oid%22%3A%22a6492212-75ef-498f-8735-75f88c5d463a%22%2C%22Is BroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a)) ja kell 11.00 toimub seminar inglise keeles (link ingliskeelsele seminarile (https://teams.microsoft.com/l/meetup- join/19%3ameeting_NGQ3YTc2NTgtYTlkYS00MDhhLWIwYzktNWMyODE4Nzg2ZTky%40thread.v2/0 ?context=%7B%22Tid%22%3A%223c572f71-c808-4685-aa00- 2ca59a11c7e2%22%2C%22Oid%22%3A%22a6492212-75ef-498f-8735-75f88c5d463a%22%2C%22Is BroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a)). Peamised finantsnäitajad (mln EUR): I kv 2024 I kv 2023 +/- % Müügitulu 27,9 28,4 -0,5 -1,7 Korrigeeritud EBITDA 12,7 13,6 -0,8 -6,3 Korrigeeritud EBITDA marginaal 45,5% 47,8% -2,3 - Ärikasum 7,0 6,8 0,2 3,0 Perioodi kasum 5,2 5,7 -0,5 -8,9 Investeeringud 17,9 1,5 16,4 1064,2 31.03.2024 31.12.2023 +/- Varade maht 610,0 606,2 0,6% Intressi kandvad võlakohustused 170,1 173,4 -1,9% Muud kohustused 57,0 55,1 3,4% Omakapital 382,8 377,7 1,4% Aktsiate arv 263,0 263,0 0,0% Olulisemad sündmused I kvartalis: * Kaubamahu stabiliseerumine * Pakkumuse esitamine parvlaeva teenuse osutamiseks perioodil 2026 - 2033 * Konkurssi väljakuulutamine Muuga sadama vabade alade väljaarendamiseks * Kohus algatas MPG AgroProduction OÜ saneerimismenetluse * Positiivne kohtuotsus SLK ja Väinamere Liinide kohtuvaidluses * ASi Tallinna Sadam juhatuse liikme Margus Vihmani volituste pikendamine, nõukogu määras neljandaks juhatuse liikmeks Rene Pärdi Müügitulu Müügitulu vähenes 2024. aasta I kvartalis 0,5 mln eurot ehk 1,7%. Kasvasid kõik tululiigid peale laeva- ja kaubatasude. Enim langes tulu laevatasudest 0,8 mln eurot ehk 11% seoses laevakülastuste vähenemisega, mida reisisadamates mõjutasid peamiselt laevade liinilt eemalolek dokitööde tõttu ja kaubasadamates vähenenud tulu tankeritelt. Kaubatasu tulu langus (-11%) tulenes aasta lõpuks oodatavast madalamast kaubatasu prognoosist, mis vastavalt standardile IFRS 15 avaldas mõju ka esimeses kvartalis. Müügitulu kasvas reisiparvlaevade ja muud segmendis ning langes reisisadamate ja kaubasadamate segmendis. Reisisadamate segmendi müügitulu kahanes 0,5 mln eurot (-6%) peamiselt laeva- ja kaubatasu mõjul (vastavalt -0,6 mln ja -0,1 mln eurot), seoses laevakülastuste vähenemisega. Suurenes tulu elektrienergia müügist. Vaatamata laevakülastuste arvu vähenemisele reisijate arv kasvas ja reisijatasu tulud kasvasid. Renditulud kasvasid eelkõige tänu Kruiisiterminali kasutamise suurenemisele. Renditulude kasv kompenseeris tulude vähenemise muudelt teenustelt. Kaubasadamate segmendi müügitulu vähenes 0,2 mln eurot (-2%). Laevatasutulud vähenesid vaatamata laevakülastuste arvu kasvule, kuna laevakülastuste arv kasvas laevaliikides, kus keskmine tasu GT ühiku kohta on väiksem, samas kui kõrgema tasuga tankerite arv vähenes. Kaubatasud vähenesid tulenevalt tulude kajastamisest IFRS 15 reeglite järgi. Eelmise aasta I kvartalis arvestati suuremat tulu vedellasti operaatoritelt võttes aluseks kogu aasta kaubatasu tulude prognoose. Muude teenuste müük kasvas, kuna 2024. aasta algusest opereeritakse Pakrineeme sadama LNG kaid. Reisiparvlaevade segmendis müügitulu kasvas 0,1 mln eurot (1,5%) tänu püsitasu muutuvosa indekseerimisele, mis kompenseeris reisitasude määra langust. Reiside ja reisijate arv kasvas. Muu segmendi müügitulu kasvas seoses liigaastaga 44 tuh euro võrra. Prahitasu talvisel jäämurdehooajal ei muutunud. Jäämurdeteenuse prahitasu ei muudeta kuni 2025/26 hooajani, mil on võimalik hakata rakendama indekseerimist. EBITDA Korrigeeritud EBITDA langes 0,8 mln euro võrra, kuna müügitulu langes ja kulud kokku kasvasid ning kapitaliosaluse meetodil saadud kasum sidusettevõttest AS Green Marine vähenes. Segmentidest kasvas korrigeeritud EBITDA kaubasadamate segmendis. Reisisadamate, reisiparvlaevade ja muud segmendis korrigeeritud EBITA vähenes. Korrigeeritud EBITDA marginaal langes 47,8%-lt 45,5%-le. Kasum Kasum enne tulumaksu langes 0,5 mln eurot (-8,9%) 5,2 mln euroni. Kasumiks kujunes samuti 5,2 mln eurot, mis oli 0,5 mln euro võrra vähem eelmise aasta võrdlusperioodi näitajast. Investeeringud 2024. aasta 3 kuuga investeeris kontsern 18,0 mln eurot ehk 16,4 mln eurot enam kui eelmise aasta samal perioodil. 2024. aasta 3 kuu investeeringud olid peamiselt seotud Paldiski Lõunasadama meretuuleparkide kai ehitusega ja reisiparvlaeva korralise dokitööga. Lühendatud konsolideeritud finantsseisundi aruanne: tuhandetes eurodes 31.03.2024 31.12.2023 ---------------------------------------------------------------- VARAD Käibevara Raha ja raha ekvivalendid 22 102 29 733 Nõuded ostjate vastu ja muud nõuded 11 512 12 118 Lepingulised varad 104 0 Varud 579 550 Käibevara kokku 34 297 42 401 ---------------------------------------------------------------- Põhivara 2 192 2 177 Investeeringud sidusettevõttesse 148 163 Muud pikaajalised nõuded 14 069 14 069 Materiaalne põhivara 557 120 545 271 Immateriaalne põhivara 2 151 2 083 Põhivara kokku 575 680 563 763 ---------------------------------------------------------------- Varad kokku 609 977 606 164 ---------------------------------------------------------------- KOHUSTISED Lühiajalised kohustised Võlakohustised 13 556 15 831 Eraldised 556 1 311 Sihtfinantseerimine 7 375 7 344 Maksuvõlad 1 528 876 Võlad tarnijatele ja muud võlad 8 681 9 429 Lepingulised kohustised 3 180 63 Lühiajalised kohustised kokku 34 876 34 854 ---------------------------------------------------------------- Pikaajalised kohustised Võlakohustised 156 566 157 566 Sihtfinantseerimine 32 739 33 075 Muud võlad 201 255 Lepingulised kohustised 2 743 2 755 Pikaajalised kohustised kokku 192 249 193 651 ---------------------------------------------------------------- Kohustised kokku 227 125 228 505 ---------------------------------------------------------------- OMAKAPITAL Aktsiakapital 263 000 263 000 Ülekurss 44 478 44 478 Kohustuslik reservkapital 22 858 22 858 Jaotamata kasum 52 516 47 323 Omakapital kokku 382 852 377 659 ---------------------------------------------------------------- Kohustised ja omakapital kokku 609 977 606 164 ---------------------------------------------------------------- Lühendatud konsolideeritud kasumiaruanne tuhandetes eurodes I kv 2024 I kv 2023 ------------------------------------------------------------------------------- Müügitulu 27 931 28 405 Muud tulud 358 341 Tegevuskulud -9 031 -8 862 Finantsvarade väärtuse langus -181 -283 Tööjõukulud -5 908 -5 621 Põhivara kulum ja väärtuse langus -6 036 -7 038 Muud kulud -132 -145 Ärikasum 7 001 6 797 ------------------------------------------------------------------------------- Finantstulud ja -kulud Finantstulud 267 258 Finantskulud -2 090 -1 393 Finantstulud ja -kulud kokku -1 823 -1 135 ------------------------------------------------------------------------------- Kapitaliosaluse meetodil arvestatud kahjum investeeringutelt sidusettevõttesse 15 39 Kasum enne tulumaksustamist 5 193 5 701 ------------------------------------------------------------------------------- Perioodi kasum 5 193 5 701 ------------------------------------------------------------------------------- Emaettevõtte omanike osa perioodi kasumist 5 193 5 701 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Tava ja lahjendatud puhaskasum aktsia kohta (eurodes) 0,02 0,02 ------------------------------------------------------------------------------- Lühendatud konsolideeritud rahavoogude aruanne: tuhandetes eurodes I kv 2024 I kv 2023 ------------------------------------------------------------------------- Kaupade või teenuste müügist laekunud raha 33 449 32 199 Muude tulude eest laekunud raha 28 28 Maksed tarnijatele -11 823 -13 307 Maksed töötajatele ja töötajate eest -5 414 -5 373 Maksed muude kulude eest -136 -148 Äritegevusest laekunud raha 16 104 13 399 ------------------------------------------------------------------------- Materiaalse põhivara soetamine -18 460 -1 630 Immateriaalse põhivara soetamine -175 -176 Materiaalse põhivara müük 5 0 Saadud intressid 258 242 Investeerimistegevuses kasutatud raha -18 372 -1 564 ------------------------------------------------------------------------- Saadud laenude tagasimaksed -3 000 -3 000 Makstud intressid -2 360 -1 263 Muud finantseerimistegevusest tulenevad maksed -3 -2 ------------------------------------------------------------------------- Finantseerimistegevuses kasutatud raha -5 363 -4 265 ------------------------------------------------------------------------- RAHAVOOG KOKKU -7 631 7 570 ------------------------------------------------------------------------- Raha ja raha ekvivalendid perioodi alguses 29 733 44 387 Raha ja raha ekvivalentide muutus -7 631 7 570 Raha ja raha ekvivalendid perioodi lõpus 22 102 51 957 ------------------------------------------------------------------------- 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: Andrus Ait Finantsjuht / juhatuse liige Tel. +372 526 0735 E-post: a.ait@ts.ee (mailto:a.ait@ts.ee)
Pealkiri
AS Tallinna Sadam financial results for 2024 Q1
Teade
In the first quarter, Tallinna Sadam earned 27.9 million euros in sales revenue and 5.2 million euros in profit. In the first quarter, both sales revenue (- 2%), adjusted EBITDA (-6%) and profit (-9%) decreased year-on-year. The adjusted EBITDA margin was 46% and the volume of investments 18.0 million euros. In the passenger business, the number of passengers continued to grow steadily, and in the cargo business, volumes stabilized. The number of passenger vessel calls decreased mainly due to scheduled docking works of Eckerö Line's ship Finlandia and affected the financial results of the first quarter. In shipping, both ferries and the icebreaker Botnica showed stable results, but the increase in fuel consumption due to the ice conditions of ferries reduced the profitability of the ferry segment. As a result of the increased Euribor, financial costs increased, and salary changes made during the previous year, mainly in shipping, increased personnel expenses. The construction of a quay intended to serve offshore wind farms continued at Paldiks South Harbour, making up the majority of investments in the first quarter. Tallinna Sadam management will present the financial results of the Group at a webinars on 10 May, including webinar in Estonian starting at 10.00 (EET) (link to EST webinar (https://teams.microsoft.com/l/meetup- join/19%3ameeting_MzFkYWY0MjAtMmNhYi00MGM1LWE5ZTctODJhOWI1M2M3ZTdj%40thread.v2/0 ?context=%7B%22Tid%22%3A%223c572f71-c808-4685-aa00- 2ca59a11c7e2%22%2C%22Oid%22%3A%22a6492212-75ef-498f-8735-75f88c5d463a%22%2C%22Is BroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a)) and webinar in English starting at 11.00 (EET) (link to ENG webinar (https://teams.microsoft.com/l/meetup- join/19%3ameeting_NGQ3YTc2NTgtYTlkYS00MDhhLWIwYzktNWMyODE4Nzg2ZTky%40thread.v2/0 ?context=%7B%22Tid%22%3A%223c572f71-c808-4685-aa00- 2ca59a11c7e2%22%2C%22Oid%22%3A%22a6492212-75ef-498f-8735-75f88c5d463a%22%2C%22Is BroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a)). Key figures (in million EUR): Q1 2024 Q1 2023 +/- % Revenue 27.9 28.4 -0,5 -1,7 Adjusted EBITDA 12.7 13.6 -0.8 -6,3 Adjusted EBITDA margin 45.5% 47.8% -2.3 - Operating profit 7.0 6.8 0.2 3.0 Profit for the period 5.2 5.7 -0.5 -8.9 Investments 17.9 1.5 16.4 1064.2 31.03.2024 31.12.2023 +/- Total assets 610.0 606.2 0.6% Interest bearing debt 170.1 173.4 -1.9% Other liabilities 57.0 55.1 3.4% Equity 382.8 377.7 1.4% Number of shares 263.0 263.0 0.0% Major events in Q1: * Stabilization of the cargo volume * Submission of a tender to provide ferry service in 2026-2033 * Announcement of a competition to develop vacant areas in Muuga Harbour * Reorganization proceedings for MPG AgroProduction OÜ initiated by the court * Positive judgment in the judicial dispute initiated by SLK and Väinamere Liinid * Changes on the management board - extension of the term of office of Margus Vihman; the supervisory board appointed Rene Pärt as the fourth member of the management board Revenue Revenue for the first quarter decreased by EUR 0.5 million (-1.7%) year on year. All revenue streams showed growth, except vessel dues and cargo charges. Revenue from vessel dues decreased the most by EUR 0.8 million (-11%), in connection with a decrease in vessel calls, which in passenger ports was mainly affected by the absence of ships from the line due to dock works, and in cargo ports, decreased revenue from tankers. The decrease in cargo charges revenue (-11%) resulted from the lower cargo charges forecast expected at the end of the year, which, according to the IFRS 15 standard, also had an impact in the first quarter. Revenue grew in the Ferry segment and in the segment Other, but decreased in the Passenger harbours segment and in the Cargo harbours segment. The revenue of the Passenger harbours segment decreased by EUR 0.5 million (-6%) mainly due to fewer vessel calls, which lowered the segment's vessel dues and cargo charges revenue (-EUR 0.6 million and -EUR 0.1 million, respectively). Electricity sales revenue grew. Despite fewer vessel calls, the number of passengers and passenger fees revenue increased. The growth in lease income, mainly due to the rental of additional space in the cruise terminal, helped offset the decline in revenue from other services. The revenue of the Cargo harbours segment decreased by EUR 0.2 million (-2%). Although the number of vessel calls increased, vessel dues revenue decreased, because the number of vessels with lower average dues per GT increased and the number of tankers with higher dues decreased. Cargo charges decreased due to the revenue recognition requirements of IFRS 15. In the first quarter of last year, the Group recognised higher revenue from operators of liquid bulk cargo based on the cargo charge forecast for the full year. The sale of other services grew, because the Group started to operate an LNG quay in Pakrineeme Harbour at the beginning of 2024. The revenue of the Ferry segment grew by EUR 0.1 million (1,5%) due to the indexation of the variable part of fixed fees, which offset the decrease in the rate for trip fees. The number of trips and passengers increased. The revenue of the segment Other grew due to a leap year by EUR 44 thousand. The charter fees for the icebreaking season remained unchanged. The charter fees for the icebreaking service will not change until the icebreaking season of 2025/26, when indexation of the fees will be possible. EBITDA Adjusted EBITDA declined by EUR 0.8 million as revenue decreased, total expenses increased and the Group's share of profit of the equity-accounted associate AS Green Marine decreased. In segment terms, adjusted EBITDA grew only in the Cargo harbours segment and declined in the Passenger harbours segment, the Ferry segment and the segment Other. The adjusted EBITDA margin slipped from 47.8% to 45.5%. Profit Profit before tax decreased by EUR 0.5 million (-8.9%) to EUR 5.2 million. The Group's net profit for the first quarter also amounted to EUR 5.2 million, EUR 0.5 million less than a year earlier. Investments The Group invested EUR 18,0 million in the first three months of 2024, EUR 16.4 million more than a year earlier. The majority of the investments were related to the construction of a quay at Paldiski South Harbour to serve offshore wind farms and the regular drydocking of a ferry. Interim condensed consolidated statement of financial position: In thousands of euros 31 March 2024 31 December 2023 ------------------------------------------------------------------- ASSETS Current assets Cash and cash equivalents 22 102 29 733 Trade and other receivables 11 512 12 118 Contract assets 104 0 Inventories 579 550 Total current assets 34 297 42 401 ------------------------------------------------------------------- Non-current assets 2 192 2 177 Investments in an associate 148 163 Other long-term receivables 14 069 14 069 Property, plant and equipment 557 120 545 271 Intangible assets 2 151 2 083 Total non-current assets 575 680 563 763 ------------------------------------------------------------------- Total assets 609 977 606 164 ------------------------------------------------------------------- LIABILITIES Current liabilities Loans and borrowings 13 556 15 831 Provisions 556 1 311 Government grants 7 375 7 344 Taxes payable 1 528 876 Trade and other payables 8 681 9 429 Contract liabilities 3 180 63 Total current liabilities 34 876 34 854 ------------------------------------------------------------------- Non-current liabilities Loans and borrowings 156 566 157 566 Government grants 32 739 33 075 Other payables 201 255 Contract liabilities 2 743 2 755 Total non-current liabilities 192 249 193 651 ------------------------------------------------------------------- Total liabilities 227 125 228 505 ------------------------------------------------------------------- EQUITY Share capital 263 000 263 000 Share premium 44 478 44 478 Statutory capital reserve 22 858 22 858 Retained earnings 52 516 47 323 Total equity 382 852 377 659 ------------------------------------------------------------------- Total liabilities and equity 609 977 606 164 ------------------------------------------------------------------- Interim condensed consolidated statement of profit or loss: In thousands of euros Q1 2024 Q1 2023 ------------------------------------------------------------------------------- Revenue 27 931 28 405 Other income 358 341 Operating expenses -9 031 -8 862 Impairment of financial assets -181 -283 Personnel expenses -5 908 -5 621 Depreciation, amortisation and impairment -6 036 -7 038 Other expenses -132 -145 Operating profit 7 001 6 797 ------------------------------------------------------------------------------- Finance income and costs Finance income 267 258 Finance costs -2 090 -1 393 Finance costs - net -1 823 -1 135 ------------------------------------------------------------------------------- Share of loss of an associate accounted for under the equity method 15 39 Profit before income tax 5 193 5 701 ------------------------------------------------------------------------------- Profit for the period 5 193 5 701 ------------------------------------------------------------------------------- Attributable to: Owners of the Parent 5 193 5 701 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Basic earnings and diluted earnings per share (in euros) 0,02 0,02 ------------------------------------------------------------------------------- Interim condensed consolidated statement of cash flows: in thousands of euros Q1 2024 Q1 2023 --------------------------------------------------------------------------- Cash receipts from sale of goods and services 33 449 32 199 Cash receipts related to other income 28 28 Payments to suppliers -11 823 -13 307 Payments to and on behalf of employees -5 414 -5 373 Payments for other expenses -136 -148 Cash flows from operating activities 16 104 13 399 --------------------------------------------------------------------------- Purchases of property, plant and equipment -18 460 -1 630 Purchases of intangible assets -175 -176 Proceeds from sale of property, plant and equipment 5 0 Interest received 258 242 Cash used in investing activities -18 372 -1 564 --------------------------------------------------------------------------- Repayments of loans received -3 000 -3 000 Interest paid -2 360 -1 263 Other payments related to financing activities -3 -2 Cash used in financing activities -5 363 -4 265 --------------------------------------------------------------------------- NET CASH FLOW -7 631 7 570 --------------------------------------------------------------------------- Cash and cash equivalents at beginning of the period 29 733 44 387 Change in cash and cash equivalents -7 631 7 570 Cash and cash equivalents at end of the period 22 102 51 957 --------------------------------------------------------------------------- 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: Andrus Ait Chief Financial Officer Tel. +372 526 0735 a.ait@ts.ee (mailto:a.ait@ts.ee)