Estonia · Delayed Price · Currency is EUR AS Tallinna Vesi Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw strong financial results with sales of EUR 18.92 million and net profit of EUR 4.5 million, driven by price adjustments and significant investments in network and treatment plant upgrades. Customer satisfaction and water quality remained high, with ambitious investment plans set for 2026.
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Q3 2025 saw higher sales and net profit, driven by price adjustments and ongoing investments. Water quality and customer satisfaction remained high, with significant infrastructure upgrades and stable consumption across segments.
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Second quarter sales reached EUR 19.4 million with net profit at EUR 1.4 million, though net profit declined year-over-year due to higher corporate income tax. Major investments in infrastructure and regulatory-driven price adjustments are ongoing, with strong operational performance and customer satisfaction.
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Q1 2025 saw strong financial results with EUR 60 million in sales and EUR 3.4 million net profit, supported by significant infrastructure investments and high water quality. Price adjustments and regulatory changes are driving future profitability, with a dividend proposal forthcoming.
Fiscal Year 2024
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Q4 2024 saw strong financial results with EUR 17.7 million in sales and EUR 4.2 million net profit, driven by price adjustments and major investments. Water quality and customer satisfaction remained high, while regulatory changes and rising costs present ongoing challenges.
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Q3 2024 saw revenues of EUR 16.2 million and net profit of EUR 3.9 million, driven by tariff changes and strong operational performance. Investments reached over EUR 35 million for the first nine months, with full-year investments expected at EUR 50 million.
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Q2 2024 delivered strong operational results and stable revenues, with net profit slightly down year-over-year due to higher interest expenses. Major investments in infrastructure and efficiency continue, while new regulated pricing is set to boost H2 revenue.