Estonia · Delayed Price · Currency is EUR AS Tallinna Sadam Earnings Call Transcripts
Fiscal Year 2026
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Revenue and profit declined slightly in Q1 due to harsh winter and higher costs, but Ro-Ro cargo and cruise outlook are strong. Investments in infrastructure and new corridor agreements aim to boost future growth.
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The meeting covered strong financial results, strategic investments in infrastructure and innovation, and robust dividend payouts. All resolutions, including board changes, auditor appointment, and gender balance targets, were approved with overwhelming support.
Fiscal Year 2025
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Q4 saw higher cargo and passenger volumes, with cruise and ferry segments performing strongly. Full-year adjusted EBITDA and profit rose, despite a slight revenue decline due to Botnica. Investments and dividend payouts remain robust, with positive outlook for 2026.
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Q3 delivered higher cargo and passenger volumes, with revenue and profit rising year-over-year. Efficiency gains, land sales, and insurance payments boosted results, while investments focused on harbor upgrades. Offshore wind market volatility led to postponed vessel investment.
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Q2 saw strong growth in cargo and passenger volumes, but revenue declined 7% due to fewer Botnica charter days. Adjusted EBITDA rose 7% on cost savings and one-offs, while profit fell 15% from higher dividend taxes. Investments focus on quay development and stable dividends.
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Q1 delivered higher revenue and profit, driven by increased vessel calls and cost efficiencies, despite slight declines in cargo and passenger volumes. Major investments continue in quay construction, and insurance income boosted results.
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The meeting highlighted strong financial recovery, with passenger and cargo growth, robust EBITDA, and major investments in green and infrastructure projects. Key resolutions, including dividend payout, auditor reappointment, and Supervisory Board changes, were overwhelmingly approved.
Fiscal Year 2024
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Q4 and full-year results showed strong growth in cargo and passenger volumes, driving revenue and profit increases. Major investments focused on Paldiski quay, with efficiency gains and stable dividend policy supporting financial health.
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Cargo and passenger volumes grew in Q3, but revenue dipped 0.7% due to fewer Botnica charter days. Nine-month profit rose 14.1% on higher revenue and efficiency, with major investments in Paldiski quay and EU funding secured for Twin-Port 6.
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Q2 saw 10% revenue growth and a 27% rise in adjusted EBITDA, driven by Botnica's extended charter and ferry segment gains. Cost-saving measures improved margins, while major investments focused on Paldiski quay. State share reduction and real estate projects are in preparation.