Tallinna Sadam AS (FRA:K9B)
€ 1.218 -0.010 (-0.81%) Market Cap: 330.33 Mil Enterprise Value: 460.39 Mil PE Ratio: 17.94 PB Ratio: 0.86 GF Score: 58/100

Half Year 2025 Tallinna Sadam AS Earnings Call Transcript

Aug 11, 2025 / 08:00 AM GMT
Release Date Price: €1.15 (-0.17%)

Key Points

Positve
  • Cargo volumes increased by 8% in Q2, driven by growth in liquid bulk, dry bulk, and general cargo.
  • Passenger numbers saw a significant increase, with a 25% rise in cruise passengers.
  • The company signed additional trips agreement for Regula, enhancing its ferry business.
  • Tallinna Sadam AS approved dividends as promised, maintaining a stable dividend policy.
  • The company is progressing with strategic projects like the Rail Baltica terminal and multifunctional key development, indicating future growth potential.
Negative
  • Revenue in the second quarter decreased by almost 7%, primarily due to a decline in charter days for Botnika.
  • Profit for the period decreased by 15%, impacted by higher income tax on dividends.
  • The company faced challenges with lower charter days for Botnika, affecting overall revenue.
  • There is uncertainty in liquid cargo volumes, which are project-based and difficult to forecast.
  • The company anticipates potential risks in securing summer jobs for Botnika, which could impact future revenues.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TSM1T.TL - Tallinna Sadam AS
Half Year 2025 Tallinna Sadam AS Earnings Call
Aug 11, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning dear investors. My name is Valdoarlo. I'm in charge of the port of talling Group, and with me, our CFO Andrew Eid. Good morning.

Let's start with the most important events from 1, Q2, sorry. And then, of course, we will address 6 month results also.

You what.

YouTube was quite a good month in terms of cargo volumes plus 8%. I will come back to that where it comes. Also on passenger numbers we have seen quite a good and strong, June, especially June, but all quarter to was good, got a lot of help from cruise passengers also.

For us it's very important to to have more vessels.

Both on cargo side and on passenger business and our ferry business also shows growth in terms of
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