{"id":19699,"date":"2023-02-28T13:12:31","date_gmt":"2023-02-28T11:12:31","guid":{"rendered":"https:\/\/www.ts.ee\/?p=19699"},"modified":"2023-02-28T13:12:31","modified_gmt":"2023-02-28T11:12:31","slug":"as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4","status":"publish","type":"post","link":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/","title":{"rendered":"AS Tallinna Sadam unaudited financial results for 2022 and Q4"},"content":{"rendered":"

In 2022, revenue increased to 121.7 million euros (+11%), adjusted EBITDA to 55.8 million euros (+3.3%) and profit was 25.6 million euros (\u20130.1%). The adjusted EBITDA margin decreased by 3.2 percentage points; the volume of investments was 13.9 million euros (\u20135.9%).<\/p>\n

Last year’s results were most affected by lifting of restrictions related to the pandemic, which boosted the activity of passenger ports, and the start of the Russian-Ukraine war and sanctions, which led to a decrease in cargo harbours\u2019 volumes. The number of passengers increased by 98% to 7.0 million passengers, but the cargo volume decreased by 20.7% to 17.8 million tons. At the same time, the number of vessel calls was relatively stable, decreasing by only 3% to 7130 visits. High energy prices, rising service prices and wage pressures increased operating costs.<\/p>\n

In the fourth quarter, revenue was 28.2 million euros (\u20131%), adjusted EBITDA was 8.9 million euros (\u201330%) and profit was 1.6 million euros (\u201375%). The decline was influenced by the reduced number of vessel calls, the lowering of vessel dues in passenger harbours, the drop in cargo volumes resulting from sanctions and the shorter charter period of Botnica. The ferry segment showed an increase in both revenue and profit margin due to the effect of fee indexation.<\/p>\n

According to Valdo Kalm, chairman of the management board of Tallinna Sadam, despite the impact of the war and sanctions on the cargo business and the rapid increase in input prices, the company was still able to increase its revenue and adjusted EBITDA, which once again proves the effectiveness of a balanced business model. “The recovery of the passenger business from the pandemic has been faster than expected, and in the cargo business, in addition to the negative effects of the war to the liquid bulk, we also see opportunities for the growth of other types of cargo. We continued with investments and opened the front square of the passenger terminal D, with which we are moving towards developing the port area into a more human-friendly and attractive living environment. In the real estate business, a very important step forward was the public display of the sketches of the detailed plans of the Old City Harbour at the end of the year. Looking to the future, we also started the implementation of the offshore wind farm construction quay and back area project in Paldiski South Harbour. I believe that ports will play an important role in supporting green energy production and infrastructure development in the future,” said Kalm.<\/p>\n

Tallinna Sadam management will present the financial results of the Group at a\u00a0webinars on 28 February,<\/b>\u00a0including\u00a0webinar in Estonian starting at 13.00\u00a0<\/b>(EET) (link to EST webinar<\/u><\/a>) and\u00a0webinar in English starting at 14.00\u00a0<\/b>(EET) (link to ENG webinar<\/u><\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

In 2022, revenue increased to 121.7 million euros (+11%), adjusted EBITDA to 55.8 million…<\/p>\n","protected":false},"author":11,"featured_media":18726,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-19699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nAS Tallinna Sadam unaudited financial results for 2022 and Q4 | Port of Tallinn<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AS Tallinna Sadam unaudited financial results for 2022 and Q4 | Port of Tallinn\" \/>\n<meta property=\"og:description\" content=\"In 2022, revenue increased to 121.7 million euros (+11%), adjusted EBITDA to 55.8 million...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/\" \/>\n<meta property=\"og:site_name\" content=\"Port of Tallinn\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/portoftallinn\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-28T11:12:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ts.ee\/wp-content\/uploads\/2022\/10\/D-termina.png\" \/>\n\t<meta property=\"og:image:width\" content=\"866\" \/>\n\t<meta property=\"og:image:height\" content=\"505\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"K\u00e4rt Hennoste\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"K\u00e4rt Hennoste\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/\"},\"author\":{\"name\":\"K\u00e4rt Hennoste\",\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/#\\\/schema\\\/person\\\/0c1b0420986d690cf64394764ece28d8\"},\"headline\":\"AS Tallinna Sadam unaudited financial results for 2022 and Q4\",\"datePublished\":\"2023-02-28T11:12:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/\"},\"wordCount\":444,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ts.ee\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/D-termina.png\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/\",\"url\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/\",\"name\":\"AS Tallinna Sadam unaudited financial results for 2022 and Q4 | Port of Tallinn\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ts.ee\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/D-termina.png\",\"datePublished\":\"2023-02-28T11:12:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ts.ee\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/D-termina.png\",\"contentUrl\":\"https:\\\/\\\/www.ts.ee\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/D-termina.png\",\"width\":866,\"height\":505},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AS Tallinna Sadam unaudited financial results for 2022 and Q4\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/\",\"name\":\"Port of Tallinn\",\"description\":\"The Port of Good News\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/#organization\"},\"alternateName\":\"Tallinna Sadam\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/#organization\",\"name\":\"Tallinna Sadam AS\",\"alternateName\":\"Port of Tallinn Ltd\",\"url\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ts.ee\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/logo-tallinna-sadam-sloganita-est.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ts.ee\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/logo-tallinna-sadam-sloganita-est.jpg\",\"width\":1100,\"height\":200,\"caption\":\"Tallinna Sadam AS\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/portoftallinn\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/port-of-tallinn\",\"https:\\\/\\\/www.youtube.com\\\/portoftallinn\",\"https:\\\/\\\/www.instagram.com\\\/tallinna_sadam\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/#\\\/schema\\\/person\\\/0c1b0420986d690cf64394764ece28d8\",\"name\":\"K\u00e4rt Hennoste\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2572e2de0c39813f473e64f878916e8840fa555f88f66981801309780603bdb1?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2572e2de0c39813f473e64f878916e8840fa555f88f66981801309780603bdb1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2572e2de0c39813f473e64f878916e8840fa555f88f66981801309780603bdb1?s=96&d=mm&r=g\",\"caption\":\"K\u00e4rt Hennoste\"},\"url\":\"https:\\\/\\\/www.ts.ee\\\/en\\\/author\\\/kart\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AS Tallinna Sadam unaudited financial results for 2022 and Q4 | Port of Tallinn","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/","og_locale":"en_US","og_type":"article","og_title":"AS Tallinna Sadam unaudited financial results for 2022 and Q4 | Port of Tallinn","og_description":"In 2022, revenue increased to 121.7 million euros (+11%), adjusted EBITDA to 55.8 million...","og_url":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/","og_site_name":"Port of Tallinn","article_publisher":"https:\/\/www.facebook.com\/portoftallinn","article_published_time":"2023-02-28T11:12:31+00:00","og_image":[{"width":866,"height":505,"url":"https:\/\/www.ts.ee\/wp-content\/uploads\/2022\/10\/D-termina.png","type":"image\/png"}],"author":"K\u00e4rt Hennoste","twitter_card":"summary_large_image","twitter_misc":{"Written by":"K\u00e4rt Hennoste","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/#article","isPartOf":{"@id":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/"},"author":{"name":"K\u00e4rt Hennoste","@id":"https:\/\/www.ts.ee\/en\/#\/schema\/person\/0c1b0420986d690cf64394764ece28d8"},"headline":"AS Tallinna Sadam unaudited financial results for 2022 and Q4","datePublished":"2023-02-28T11:12:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/"},"wordCount":444,"publisher":{"@id":"https:\/\/www.ts.ee\/en\/#organization"},"image":{"@id":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ts.ee\/wp-content\/uploads\/2022\/10\/D-termina.png","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/","url":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/","name":"AS Tallinna Sadam unaudited financial results for 2022 and Q4 | Port of Tallinn","isPartOf":{"@id":"https:\/\/www.ts.ee\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/#primaryimage"},"image":{"@id":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ts.ee\/wp-content\/uploads\/2022\/10\/D-termina.png","datePublished":"2023-02-28T11:12:31+00:00","breadcrumb":{"@id":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/#primaryimage","url":"https:\/\/www.ts.ee\/wp-content\/uploads\/2022\/10\/D-termina.png","contentUrl":"https:\/\/www.ts.ee\/wp-content\/uploads\/2022\/10\/D-termina.png","width":866,"height":505},{"@type":"BreadcrumbList","@id":"https:\/\/www.ts.ee\/en\/as-tallinna-sadam-unaudited-financial-results-for-2022-and-q4\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ts.ee\/en\/"},{"@type":"ListItem","position":2,"name":"AS Tallinna Sadam unaudited financial results for 2022 and Q4"}]},{"@type":"WebSite","@id":"https:\/\/www.ts.ee\/en\/#website","url":"https:\/\/www.ts.ee\/en\/","name":"Port of Tallinn","description":"The Port of Good News","publisher":{"@id":"https:\/\/www.ts.ee\/en\/#organization"},"alternateName":"Tallinna Sadam","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ts.ee\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ts.ee\/en\/#organization","name":"Tallinna Sadam AS","alternateName":"Port of Tallinn Ltd","url":"https:\/\/www.ts.ee\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ts.ee\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.ts.ee\/wp-content\/uploads\/2019\/12\/logo-tallinna-sadam-sloganita-est.jpg","contentUrl":"https:\/\/www.ts.ee\/wp-content\/uploads\/2019\/12\/logo-tallinna-sadam-sloganita-est.jpg","width":1100,"height":200,"caption":"Tallinna Sadam AS"},"image":{"@id":"https:\/\/www.ts.ee\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/portoftallinn","https:\/\/www.linkedin.com\/company\/port-of-tallinn","https:\/\/www.youtube.com\/portoftallinn","https:\/\/www.instagram.com\/tallinna_sadam\/"]},{"@type":"Person","@id":"https:\/\/www.ts.ee\/en\/#\/schema\/person\/0c1b0420986d690cf64394764ece28d8","name":"K\u00e4rt Hennoste","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2572e2de0c39813f473e64f878916e8840fa555f88f66981801309780603bdb1?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2572e2de0c39813f473e64f878916e8840fa555f88f66981801309780603bdb1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2572e2de0c39813f473e64f878916e8840fa555f88f66981801309780603bdb1?s=96&d=mm&r=g","caption":"K\u00e4rt Hennoste"},"url":"https:\/\/www.ts.ee\/en\/author\/kart\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ts.ee\/en\/wp-json\/wp\/v2\/posts\/19699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ts.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ts.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ts.ee\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ts.ee\/en\/wp-json\/wp\/v2\/comments?post=19699"}],"version-history":[{"count":1,"href":"https:\/\/www.ts.ee\/en\/wp-json\/wp\/v2\/posts\/19699\/revisions"}],"predecessor-version":[{"id":19700,"href":"https:\/\/www.ts.ee\/en\/wp-json\/wp\/v2\/posts\/19699\/revisions\/19700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ts.ee\/en\/wp-json\/wp\/v2\/media\/18726"}],"wp:attachment":[{"href":"https:\/\/www.ts.ee\/en\/wp-json\/wp\/v2\/media?parent=19699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ts.ee\/en\/wp-json\/wp\/v2\/categories?post=19699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ts.ee\/en\/wp-json\/wp\/v2\/tags?post=19699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}