Q3 2022 Tallinna Sadam AS Earnings Call Transcript
Good morning, ladies and gentlemen, dear investors. Welcome to our webinar. My name is Valdo Kalm, I am the CEO of Port of Tallinn. And Andrus Ait is our CFO.
As usually, we will start with main events from last quarter. And I would like to start with the continuous growth and, let's say, rapid recovery of passenger business. I will come back to the numbers later, but Q3 was quite successful. And also, nine-month recoveries is better than we prognosed.
Then we closed operations finally in Paljassaare harbor. Before, we sold out our quays; after that, the infrastructure; now in Q3, we also stopped the administration of the port. Therefore, Paljassaare is totally closed. Just for -- to remind you that it wasn't possible to do business there as cargo; therefore, I guess, it was very reasonable to sell the assets and close the costs.
Also important for us -- for the port is that the Competition Authority terminated supervision proceeding regarding the penalties of Worldwide Cargo Establishment. And before
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