Estonia, Good for Business, Port, Transport

Compared to the same period last year, the turnover grew by 10% and profit by 26%.

Nine-month figures were the best ever financial results for the company as well as in terms of the number of passengers.

Tallinna Sadam operating expenses increased by 2.2% in the first three quarters to 41.4 million euros compared to the same period last year.

Tallinna Sadam CEO Ain Kaljurand explained that revenues from traditional port activities as well as using icebreaker Botnica successfully in offshore work during the summer navigation period contributed to revenue and profit growth.

Tallinna Sadam handled 21.5 mln tonnes of cargo, a growth of 1% in a year. The number of passengers increased by 5% to a record 7.5 million people. The number of cruise passengers, as expected, slightly decreased and amounted to 0.49 million.

In the nine-month period, Tallinna Sadam transferred to the state budget a record amount of dividends: 42 million euros. 11.1 mln euros of income tax was added to the dividend payment.

In nine months, cargo ships visited the ports managed by Tallinna Sadam 1,511 times and passenger ships 3,738 times.