Tallinna Sadam AS (OTSE:TSM1T)
€ 1.1 0.008 (0.73%) Market Cap: 289.30 Mil Enterprise Value: 437.32 Mil PE Ratio: 18.33 PB Ratio: 0.76 GF Score: 68/100

Q3 2022 Tallinna Sadam AS Earnings Call Transcript

Nov 10, 2022 / 09:00AM GMT
Release Date Price: €1.42 (+0.57%)
Valdo Kalm
Tallinna Sadam AS - Chairman of the Management Board and CEO

Good morning, ladies and gentlemen, dear investors. Welcome to our webinar. My name is Valdo Kalm, I am the CEO of Port of Tallinn. And Andrus Ait is our CFO.

As usually, we will start with main events from last quarter. And I would like to start with the continuous growth and, let's say, rapid recovery of passenger business. I will come back to the numbers later, but Q3 was quite successful. And also, nine-month recoveries is better than we prognosed.

Then we closed operations finally in Paljassaare harbor. Before, we sold out our quays; after that, the infrastructure; now in Q3, we also stopped the administration of the port. Therefore, Paljassaare is totally closed. Just for -- to remind you that it wasn't possible to do business there as cargo; therefore, I guess, it was very reasonable to sell the assets and close the costs.

Also important for us -- for the port is that the Competition Authority terminated supervision proceeding regarding the penalties of Worldwide Cargo Establishment. And before

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