Tallinna Sadam

Tallinna Sadam's net sales and adjusted EBIT were relatively close to our expectations for Q3. Its revenue growth has not been strong in 2025, but profitability is very good. Revenue growth could remain close to zero this year, but improving economic...

Group net sales was EUR 31.7m in Q3 (Nordea estimate EUR 32.1m). Harbour calls by vessels declined by 1.6% y/y. The amount of passengers increased by 1.4% in Q3 y/y meanwhile Cargo segment’s volumes increased even by 7.8%. Utilisation ratio of MPSV Botnica...

Cargo tonnes grew by 8% and the number of passengers increased by 1.4% y/y in Q3. However, the number of vessel calls fell by 2% y/y and the utilisation ratio of Botnica was also below that in Q3 last year. The company is expected to make a decision ...

Net sales were below our expectations and adjusted EBITDA was above for Q2. Growth in passenger and cargo volumes were good, but utilisation ratios for Botnica were lower than we had anticipated. Bigger news related to an offshore wind power tenant, ...

Group net sales was EUR 29.5m in Q2 (Nordea EUR 30.8m). Harbour calls by cargo vessels improved by 4% y/y. The amount of passengers increased by 4% in Q2 y/y meanwhile Cargo segment’s volumes increased even by 8%. But revenue was negatively affected ...