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
4051
Manused
Esitamise kuupäev ja aeg
14.05.2013 09:49:04
Teate sisu eesti keeles
Pealkiri
2013 majandusaasta I kvartali majandustulemused
Teade
Tallinn, 2013-05-14 08:49 CEST (GLOBE NEWSWIRE) --
2013 majandusaasta I kvartali majandustulemused
AS-i Tallink Grupp ja tema tütarettevõtete (Kontsern) 2013 majandusaasta
esimese kvartali (1. jaanuar – 31. märts) tulemust mõjutasid mitmed tegevusega
seotud sündmused. Esimeses kvartalis, mis on madalhooaeg, olid mitmed Kontserni
laevad korralises hoolduses dokis. Sellest tingitult oli väiksem arv laevareise
ning reisijate ja kaubaveo näitajad olid madalamad võrreldes eelmiste aastate
sama perioodiga kus tavaliselt on olnud väiksem arv laevu liinidelt eemal.
Lisaks vahetasid liine kruiisilaevad Silja Europa ning Baltic Princess, mis
samuti vähendas ajutiselt opereerimise tihedust. Vastavalt varasemale otsusele,
suunati Baltic Princess Turu-Stockholmi liinile 2013 aasta veebruari alguses ja
suurem reisilaev Silja Europa suundus Tallinn-Helsingi liinile 2013 aasta
jaanuari lõpus. Laevade liinivahetuse tulemusel paraneb kuluefektiivsus, mis
avaldab positiivset mõju Kontserni tulemustele.
Kontsern vedas 2013 majandusaasta esimeses kvartalis kokku 1,9 miljonit
reisijat, mida on 4,5% vähem kui sama perioodi jooksul eelmisel aastal.
Kontserni konsolideeritud müügitulu esimeses kvartalis oli 190,6 miljonit
eurot, mis on 1,7% ehk 3,2 miljonit eurot väiksem kui eelmise majandusaasta
esimeses kvartalis. Keskmine piletitulu reisija kohta suurenes eelmise aasta
esimese kvartaliga võrreldes 11% võrra mille tulemusel kasvas piletitulu kokku
6% hoolimata reisijate arvu langusest.
2013 majandusaasta esimese kvartali brutokasum oli 16,2 miljonit eurot ning
EBITDA 7,0 miljonit eurot vastavalt 2,6 miljonit eurot ja 3,2 miljonit eurot
vähem kui eelmise majandusaasta samal perioodil. Kontserni tulemuste languse
peamiseks põhjuseks oli tavapärasest rohkem korralisi hooldustöid, mis lisaks
vähemale reiside arvule suurendas hoolduskulusid. Kontserni laevad tegid
esimeses kvartalis 3,5% vähem reise võrreldes möödunud aasta sama perioodiga.
Silja Europa ning Baltic Princessi liinide vahetus tõi kaasa ligikaudu 1
miljoni eurot ühekordseid kulusid.
Kontserni auditeerimata puhaskahjum 2013. majandusaasta esimeses kvartalis oli
17,7 miljonit eurot, ehk 0,03 eurot aktsia kohta. Eelmise majandusaasta samal
perioodil oli kahjum 19,0 miljonit eurot ehk 0,03 eurot aktsia kohta.
Positiivne areng jätkus Läti-Rootsi liinil, kus müügitulu suurenes esimeses
kvartalis eelmise aasta sama perioodiga võrreldes ligikaudu 18%. Liini
müügitulu suurenemisele avaldas mõju nii 8%-line reisijate arvu kasv kui ka
kasvanud tulu reisija kohta.
Esimeses kvartalis käivitus uus internetipõhine broneerimissüsteem. Uus
lahendus, mis on varasemast lihtsam, kiirem ning kasutajasõbralikum on hetkel
kasutusel Kontserni Eesti ja Soome kodulehekülgedel.
Kvartali lõpus oli Kontsernil 83,4 miljoni euro väärtuses raha ja likviidseid
vahendeid. Kasutamata krediidiliinide maht oli 7,3 miljonit eurot. Kontserni
kogulikviidsus, mis hõlmab raha ja kasutamata krediidilimiite kokku, ulatus
esimese kvartali lõpus 90,7 miljoni euroni tagades tugeva finantspositsiooni
jätkusuutlikuks opereerimiseks.
PÕHINÄITAJAD 2013 2012 muutus
jaan-märts jaan-märts
--------------------------------------------------------------------------------
EUR EUR
--------------------------------------------------------------------------------
Müügitulu (miljonites) 190,6 193,8 -1,7%
--------------------------------------------------------------------------------
Brutokasum (miljonites) 16,2 18,8 -13,7%
--------------------------------------------------------------------------------
Brutokasumi marginaal 8,5% 9,7%
--------------------------------------------------------------------------------
EBITDA (miljonites) 7,0 10,2 -31,2%
--------------------------------------------------------------------------------
EBITDA marginaal 3,7% 5,3%
--------------------------------------------------------------------------------
Aruande perioodi puhaskasum / -kahjum -17,5 -19,0 7,5%
(miljonites)
--------------------------------------------------------------------------------
Puhaskasumi marginaal -9,20% -9,78%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Amortisatsioon (miljonites) 17,7 17,8 -0,4%
--------------------------------------------------------------------------------
Investeeringud (miljonites) 3,4 0,4 680,5%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate kaalutud keskmine arv** 669 882 040 669 882 040
--------------------------------------------------------------------------------
Aktsiakasum -0,03 -0,03 7,5%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Reisijate arv 1 895 353 1 984 735 -4,5%
--------------------------------------------------------------------------------
Kaubaveo ühikute arv 67 003 72 671 -7,8%
--------------------------------------------------------------------------------
Töötajate keskmine arv 6 756 6 702 0,8%
--------------------------------------------------------------------------------
----------------------------------------------- -------
--------------------------
31.03.2013 31.12.2012
--------------------------------------------------------------------------------
Varad 1 750,1 1 741,8 0,5%
--------------------------------------------------------------------------------
Intressi kandvad kohustused (miljonites) 864,3 840,4 2,8%
--------------------------------------------------------------------------------
Netovõlg (miljonites) 780,9 774,8 0,8%
--------------------------------------------------------------------------------
Omakapital kokku (miljonites) 743,4 760,8 -2,3%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Omakapitali määr 42,5% 43,7%
--------------------------------------------------------------------------------
Netovõla EBITDA suhe 4,8 4,7
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate arv** 669 882 040 669 882 040 0%
--------------------------------------------------------------------------------
Omakapital aktsia kohta 1,11 1,14 -2,3%
--------------------------------------------------------------------------------
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 eurodes) 01.01.2013- 01.01.2012-
31.03.2013 31.03.2012
==============================================================================
Müügitulu 190,583 193,794
Müüdud kaupade ja teenuste kulu -174,339 -174,980
Brutokasum 16,244 18,814
------------------------------------------------------------------------------
Turustuskulud -16,133 -15,772
Halduskulud -11,240 -10,729
Muud äritulud 326 156
Muud ärikulud -12 -20
------------------------------------------------------------------------------
Kasum/-kahjum äritegevusest -10,815 -7,551
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Finantstulud 2,604 72
Finantskulud -9,306 -11,472
Kasum/-kahjum enne tulumaksu -17,517 -18,951
------------------------------------------------------------------------------
Tulumaks -8 0
Aruandeperioodi puhaskasum/-kahjum -17,525 -18,951
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Muu koondkasum/-kahjum
Valuutakursi vahed välisettevõtetest 9 57
Perioodi muu koondkasum/-kahjum kokku 9 57
------------------------------------------------------------------------------
Perioodi koondkasum/-kahjum kokku -17,516 -18,894
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Sh.
Emaettevõtte omanike osa puhaskasumist/-kahjumist -17,525 -18,951
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Sh.
Emaettevõtte omanike osa koondkasumist/-kahjumist -17,516 -18,894
Kasum aktsia kohta (EUR-ides ühe aktsia kohta)
- tava -0.03 -0.03
- lahustatud -0.03 -0.03
------------------------------------------------------------------------------
KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE
(auditeerimata, tuhandetes eurodes)
VARAD 31.12.2013 31.12.2012
================================================================================
Käibevara
--------------------------------------------------------------------------------
Raha ja raha ekvivalendid 83,407 65,600
Nõuded ostjate vastu ja muud nõuded 39,599 42,555
Ettemaksed 16,176 5,151
Varud 27,078 29,426
Käibevara kokku 166,260 142,732
--------------------------------------------------------------------------------
Põhivara
--------------------------------------------------------------------------------
Investeeringud kapitaliosaluse meetodil kajastatud 245 245
investeeringuobjektidesse
Muud finantsvarad 291 296
Edasilükkunud tulumaksuvara 12,264 12,264
Kinnisvarainvesteering 300 300
Materiaalne põhivara 1,512,200 1,526,995
Immateriaalne põhivara 58,536 58,999
---------------------------------------------------------
Põhivara kokku 1,583,836 1,599,099
--------------------------------------------------------------------------------
---------------------------------------------------------
VARAD KOKKU 1,750,096 1,741,831
--------------------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL
================================================================================
Lühiajalised kohustused
--------------------------------------------------------------------------------
Intressikandvad võlakohustused 146,343 103,685
Võlad tarnijatele ja muud võlad 96,081 92,988
Ettemakstud tulud 26,702 25,458
Tuletisinstrumendid 19,580 22,102
Lühiajalised kohustused kokku 288,706 244,233
--------------------------------------------------------------------------------
Pikaajalised kohustused
-----------------------
--------------------------------------------------------------------------------
Intressikandvad võlakohustused 717,926 736,699
Muud kohustused 71 69
--------------------------------------------------------------------------------
Pikaajalised kohustused kokku 717,997 736,768
--------------------------------------------------------------------------------
Kohustused kokku 1,006,703 981,001
--------------------------------------------------------------------------------
OMAKAPITAL
--------------------------------------------------------------------------------
Emaettevõtja aktsionäridele kuuluv omakapital
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiakapital nimiväärtuses 404,290 404,290
Ülekurss 639 639
Reservid 69,179 69,091
Jaotamata kasum 269,285 286,810
--------------------------------------------------------------------------------
Emaettevõtte omanikele kuuluv omakapital kokku 743,393 760,830
--------------------------------------------------------------------------------
OMAKAPITAL KOKKU 743,393 760,830
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL KOKKU 1,750,096 1,741,831
--------------------------------------------------------------------------------
KONSOLIDEERITUD RAHAVOOGUDE ARUANNE
(auditeerimata, tuhandetes eurodes) 01.01.2013 - 01.01.2012-
31.03.2013 31.03.2012
Rahavood äritegevusest
Aruandeperioodi puhaskasum/-kahjum -17,525 -18,951
Korrigeerimised 25,439 28,618
Äritegevusega seotud varade muutused -5,686 -8,745
Äritegevusega seotud kohustuste muutused 3,749 7,573
Makstud tulumaks -22 -8
--------------------------------------------------------------------------------
5,955 8,487
--------------------------------------------------------------------------------
------------------------------------------------------
Rahavood investeerimistegevusest
Materiaalse põhivara ja immateriaalse põhivara -3,364 -431
soetamine
Laekumised materiaalse põhivara müügist 31 0
Tuletisinstrumentidega seotud maksed -1,123 -839
Saadud intressid 13 74
--------------------------------------------------------------------------------
-4,443 -1,196
--------------------------------------------------------------------------------
------------------------------------------------------
Rahavood finantseerimistegevusest
Laenudega seotud tehingukulude tasumine -383 0
Kasutatud arvelduskrediidi muutus 42,736 0
Laenude tagasimaksed -19,166 -24,383
Kapitalirendi põhimaksete tasumine -2 -22
Makstud intressid -6,890 -9,011
16,295 -33,416
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
RAHAVOOD KOKKU 17,807 -26,125
--------------------------------------------------------------------------------
------------------------------------------------------ ------------
Raha ja raha ekvivalendid
- perioodi alguses 65,600 75,421
- suurenemine (+) / vähenemine (-) 17,807 -26,125
--------------------------------------------------------------------------------
- perioodi lõpus 83,407 49,296
--------------------------------------------------------------------------------
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
Q1 results of the 2013 financial year
Teade
Tallinn, 2013-05-14 08:49 CEST (GLOBE NEWSWIRE) --
Q1 results of the 2013 financial year
In the first quarter (1 January- 31 March) of the 2013 financial year AS
Tallink Grupp and its subsidiaries’ (the Group) results were impacted by
operational events. In the first quarter, which is low season, several of the
Group’s vessels went through scheduled maintenance works resulting in fewer
voyages and hence lower passenger and cargo volumes compared to the previous
years when there have been typically less vessels out of service. In addition,
the cruise ferries Silja Europa and Baltic Princess changed their operating
routes resulting temporarily in fewer sailings due to the change. Accordingly,
based on earlier decision the cruise ferry Baltic Princess was rerouted to
Turku-Stockholm route in the beginning of February 2013 and the larger cruise
ferry Silja Europa to Tallinn-Helsinki route from the end of January 2013. The
change of vessels will improve cost efficiency which will have positive effect
to the Group’s result.
The Group carried 1.9 million passengers in the first quarter which is 4.5%
less compared to the same period last year. The Group’s consolidated revenue in
the first quarter was EUR 190.6 million, being 1.7% or EUR 3.2 million less
than a year ago. Through more effective dynamic pricing the average ticket
revenue per passenger increased 11% in same period resulting in a 6% increase
in total ticket revenue, despite the lower passenger volumes.
In the first quarter of 2013 financial year the Group’s gross profit amounted
to EUR 16.2 million and EBITDA to EUR 7.0 million being respectively EUR 2.6
million and EUR 3.2 million less compared to the same period last year. The
decline in the Group’s results is mainly related to scheduled maintenance works
and vessels’ route changes which in addition to fewer sailings and decreased
traffic volume brought higher maintenance costs. The Group’s vessels sailed
3.5% trips less compared to the first quarter of 2012. Switching the cruise
ferries Silja Europa and Baltic Princess on their routes required nearly EUR 1
million in one off costs.
The unaudited net loss for the first quarter was EUR 17.7 million or EUR 0.03
per share compared to the net loss of EUR 19.0 million or EUR 0.03 per share in
the same period last year.
In the first quarter positive development continued on the Latvia-Sweden route
where revenue increased nearly 18% driven by 8% growth in passenger volume and
increase in revenue per passenger.
In the first quarter the Group started to phase in the new version of internet
booking system. Currently live on the Group’s Finnish and Estonian websites the
new online booking offers easier, faster and more convenient booking process.
At the end of the first quarter 2013 the Group had EUR 83.4 million in cash and
equivalents and the total of unused credit lines were at EUR 7.3 million. The
total liquidity, cash and unused credit facilities at the end of the fourth
quarter were EUR 90.7 million providing a strong position for sustainable
operations.
Q4 KEY FIGURES 2013 2012 Change
Jan-Mar Jan-Mar
----------------------------------------------------------
Revenue EUR million 190.6 193.8 -1.7%
--------------------------------------------------------------------------------
Gross profit EUR million 16.2 18.8 -13.7%
--------------------------------------------------------------------------------
Gross margin (%) 8.5% 9.7%
--------------------------------------------------------------------------------
EBITDA EUR million 7.0 10.2 -31.2%
--------------------------------------------------------------------------------
EBITDA margin (%) 3.7% 5.3%
--------------------------------------------------------------------------------
Net profit for the EUR million -17.5 -19.0 7.5%
period
--------------------------------------------------------------------------------
Net profit margin (%) -9.20% -9.78%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Depreciation and EUR million 17.7 17.8 -0.4%
amortization
--------------------------------------------------------------------------------
Investments EUR million 3.4 0.4 680.5%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted average number of ordinary shares 669 882 040 669 882 040
outstanding
--------------------------------------------------------------------------------
Earnings per share EUR -0.03 -0.03 7.5%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of passengers 1 895 353 1 984 735 -4.5%
--------------------------------------------------------------------------------
Number of cargo units 67 003 72 671 -7.8%
--------------------------------------------------------------------------------
Average number of 6 756 6 702 0.8%
employees
--------------------------------------------------------------------------------
----------------------------------------------- -------
--------------------------
31.03.2013 31.12.2012
--------------------------------------------------------------------------------
Total assets EUR million 1 750.1 1 741.8 0.5%
--------------------------------------------------------------------------------
Interest-bearing EUR million 864.3 840.4 2.8%
liabilities
--------------------------------------------------------------------------------
Net debt EUR million 780.9 774.8 0.8%
--------------------------------------------------------------------------------
Total equity EUR million 743.4 760.8 -2.3%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Equity ratio (%) 42.5% 43.7%
--------------------------------------------------------------------------------
Net debt to EBITDA 4.8 4.7
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of ordinary 669 882 040 669 882 040 0%
shares outstanding1
--------------------------------------------------------------------------------
Shareholders’ equity per EUR 1.11 1.14 -2.3%
share
--------------------------------------------------------------------------------
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 EUR) 01.01.2013- 01.01.2012-
31.03.2013 31.03.2012
================================================================================
Revenue 190,583 193,794
Cost of sales -174,339 -174,980
Gross profit 16,244 18,814
--------------------------------------------------------------------------------
Marketing expenses -16,133 -15,772
Administrative expenses -11,240 -10,729
Other income 326 156
Other expenses -12 -20
--------------------------------------------------------------------------------
Results from operating activities -10,815 -7,551
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finance income 2,604 72
Finance costs -9,306 -11,472
Profit/-loss before income tax -17,517 -18,951
--------------------------------------------------------------------------------
Income tax -8 0
--------------------------------------------------------------------------------
Net profit/-loss for the period -17,525 -18,951
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Other comprehensive income/-expense
Exchange differences on translating foreign operations 9 57
Other comprehensive income/-expense for the period 9 57
--------------------------------------------------------------------------------
Total comprehensive income/-expense for the period -17,516 -18,894
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Profit/-loss attributable to:
Equity holders of the parent -17,525 -18,951
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Total comprehensive income/-expense attributable to:
Equity holders of the parent -17,516 -18,894
Earnings per share (in EUR per share)
- basic -0.03 -0.03
- diluted -0.03 -0.03
--------------------------------------------------------------------------------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(unaudited, in thousands of EUR)
ASSETS 31.03.2013 31.12.2012
================================================================================
Current assets
--------------------------------------------------------------------------------
Cash and cash equivalents 83,407 65,600
Trade and other receivables 39,599 42,555
Prepayments 16,176 5,151
Inventories 27,078 29,426
Total current assets 166,260 142,732
--------------------------------------------------------------------------------
Non-current assets
--------------------------------------------------------------------------------
Investments in equity-accounted investees 245 245
Other financial assets 291 296
Deferred income tax assets 12,264 12,264
Investment property 300 300
Property, plant and equipment 1,512,200 1,526,995
Intangible assets 58,536 58,999
---------------------------------------------------------
Total non-current assets 1,583,836 1,599,099
--------------------------------------------------------------------------------
---------------------------------------------------------
TOTAL ASSETS 1,750,096 1,741,831
--------------------------------------------------------------------------------
LIABILITIES AND EQUITY
================================================================================
Current liabilities
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 146,343 103,685
Trade and other payables 96,081 92,988
Deferred income 26,702 25,458
Derivatives 19,580 22,102
Total current liabilities 288,706 244,233
--------------------------------------------------------------------------------
Non-current liabilities
-----------------------
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 717,926 736,699
Other liabilities 71 69
--------------------------------------------------------------------------------
Total non-current liabilities 717,997 736,768
--------------------------------------------------------------------------------
TOTAL LIABILITIES 1,006,703 981,001
--------------------------------------------------------------------------------
EQUITY
--------------------------------------------------------------------------------
Equity attributable to equity holders of the parent
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Share capital 404,290 404,290
Share premium 639 639
Reserves 69,179 69,091
Retained earnings 269,285 286,810
--------------------------------------------------------------------------------
Total equity attributable to equity holders of the 743,393 760,830
parent
--------------------------------------------------------------------------------
TOTAL EQUITY 743,393 760,830
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL LIABILITIES AND EQUITY 1,750,096 1,741,831
--------------------------------------------------------------------------------
CONSOLIDATED CASH FLOW STATEMENT
(unaudited, in thousands of EUR) 01.01.2013 - 01.01.2012-
31.03.2013 31.03.2012
Cash flows from operating activities
Net profit/-loss for the period -17,525 -18,951
Adjustments 25,439 28,618
Changes in assets related to operating activities -5,686 -8,745
Changes in liabilities related to operating 3,749 7,573
activities
Income tax paid -22 -8
--------------------------------------------------------------------------------
5,955 8,487
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow used for investing activities
Purchase of property, plant and equipment and -3,364 -431
intangible assets
Proceeds from disposals of property, plant and 31 0
equipment
Payments for settlement of derivatives -1,123 -839
Interest received 13 74
--------------------------------------------------------------------------------
-4,443 -1,196
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow from (+)/ used for (-) financing activities
Payment of transaction costs related to loans -383 0
Change in overdraft 42,736 0
Redemption of loans -19,166 -24,383
Repayment of finance lease liabilities -2 -22
Interest paid -6,890 -9,011
16,295 -33,416
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL NET CASH FLOW 17,807 -26,125
--------------------------------------------------------------------------------
------------------------------------------------------ ------------
Cash and cash equivalents:
- at the beginning of period 65,600 75,421
- increase (+) / decrease (-) 17,807 -26,125
--------------------------------------------------------------------------------
Cash and cash equivalents at end of period 83,407 49,296
--------------------------------------------------------------------------------
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]