TSM1T Tallinna Sadam AS

Amendment to the design-construction contract for the offshore windfarms quay in the Paldiski South Harbour

Amendment to the design-construction contract for the offshore windfarms quay in the Paldiski South Harbour

AS Tallinna Sadam (hereinafter: Tallinna Sadam) signed an annex to the agreement with the Estonian branch of Akciju Sabiedriba BMGS and Insenerehitus AS for the design and construction of multi-functional quay no 6A and the area beyond the quay in the Paldiski South Harbour. The results of the additional construction geological studies carried out in the initial phase of the construction work revealed that in order to continue the construction work in the safest and most economical way, a different construction technology must be used to exclude the risk of a general landslide of the soil at the base of the fence dams to be built. The change in construction technology results in an increase in the cost of the contract by 8 million euros, the new total cost of the contract is 61.2 million euros, and according to the possibility of indexing provided in the contract, it can reach up to 63.9 million euros. In addition, the term date for the completion of the quay and the area beyond will be extended by five months. The construction work will be completed by the end of 2025, the term date for the quay's final readiness for use is 28.02.2026.

The extension of the term of readiness for use of the quay and the area beyond; and the increase in the cost of the investment do not significantly affect the long-term yield of the project or its competitiveness as a construction port for offshore wind farms.

More information about the project is available in the .

Tallinna Sadam is one of the largest cargo- and passenger port complexes in the Baltic Sea region. In addition to passenger and freight services, Tallinna Sadam group also operates in shipping business via its subsidiaries – OÜ TS Laevad provides ferry services between the Estonian mainland and the largest islands, and OÜ TS Shipping charters its multifunctional vessel Botnica for icebreaking and construction services in Estonia and offshore projects abroad. Tallinna Sadam group is also a shareholder of an associate AS Green Marine, which provides waste management services.

Additional information:

Marju Zirel

Head of Investor Relations

Tel.





EN
27/10/2023

Underlying

TSM1TTallinna Sadam AS

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Tallinna Sadam AS

 PRESS RELEASE
Free
TSM1T Tallinna Sadam ...

Summary of Tallinna Sadam webinars

Summary of Tallinna Sadam webinars   On 12 May 2025, Tallinna Sadam held a webinar for investors where the Chairman of the Management Board Valdo Kalm and the Member of the Management Board CFO Andrus Ait presented unaudited results of the Group for 2025 Q1. Tallinna Sadam would like to thank all participants. The recording of the webinars can be followed up   and  language. The presentation is attached to this notice and is also available at the company’s web page: . Angelika AnnusHead of Investor RelationsTel   Attachment

May 12, 2025 1 EN
 PRESS RELEASE
Free
TSM1T Tallinna Sadam ...

Tallinna Sadama veebiseminaride kokkuvõte

Tallinna Sadama veebiseminaride kokkuvõte 12. mail toimusid Tallinna Sadama veebiseminarid eesti ja inglise keeles, kus juhatuse esimees Valdo Kalm ja juhatuse liige / finantsjuht Andrus Ait tutvustasid grupi 2025. aasta I kvartali majandustulemusi. Tallinna Sadam tänab kõiki osalejaid. Veebiseminaride salvestused on järele kuulatavad ja . Presentatsioon on lisatud käesolevale teatele ja selle leiab ka ettevõtte kodulehelt: . Angelika AnnusInvestorsuhete juhtTel. E-post: Manus

May 12, 2025 1 EN
 PRESS RELEASE
Free
TSM1T Tallinna Sadam ...

AS Tallinna Sadam financial results for 2025 Q1

AS Tallinna Sadam financial results for 2025 Q1 In the first quarter of 2025, sales revenue of Tallinna Sadam group amounted to 28 million euros showing growth of +1.5%, adjusted EBITDA was 14 million euros increasing by +18% and profit 7 million euros increasing by +31% compared to the same period last year. The adjusted EBITDA margin was 49% and the volume of investments was close to 4 million euros. The number of passengers decreased by –3.6% and cargo volumes by –0.7%, however vessel calls increased by +4.8% in the first quarter of 2025. Ferry business was stabile – although the number...

May 12, 2025 1 EN
 PRESS RELEASE
Free
TSM1T Tallinna Sadam ...

ASi Tallinna Sadam 2025 I kvartali majandustulemused

ASi Tallinna Sadam 2025 I kvartali majandustulemused Tallinna Sadama grupi 2025. aasta I kvartali müügitulu moodustas 28 miljonit eurot kasvades +1,5%, korrigeeritud EBITDA oli 14 miljonit eurot kasvades +18% ja kasum 7 miljonit eurot kasvades +31% võrdluses eelneva aasta sama perioodiga. Korrigeeritud EBITDA marginaal oli 49% ja investeeringuid teostati ligi 4 miljoni euro eest. 2025. aasta I kvartalis kahanesid reisijate arv –3,6% ja kaubamahud –0,7%, kuid laevakülastuste arv tõusis +4,8% võrra. Laevanduses näitasid reisiparvlaevad stabiilsust – kuigi reisijate arv vähenes –2,1%, kasvas ...

May 12, 2025 1 EN
 PRESS RELEASE
Free
TSM1T Tallinna Sadam ...

Dividend Payments Ex-date of AS Tallinna Sadam

Dividend Payments Ex-date of AS Tallinna Sadam For the year 2024 AS Tallinna Sadam will pay dividends of 0.073 euros per share, in the total amount of 19,199,000 euros. The list of shareholders entitled to receive dividends will be established as at 9 May 2025 at the end of the business day of the settlement system. Consequently, the day of change of the rights related to the shares (ex-dividend date) is set to 8 May 2025. From that day the person acquiring shares will not have the right to receive dividends for the financial year 2024. Dividends shall be disbursed to the shareholders on 16...

May 6, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch