AS Tallinna Sadam 2019 Q2 passenger and cargo flows

According to Valdo Kalm, Chairman of the Management Board of Tallinna Sadam, the increase in cargo volume in the second quarter was mostly affected by the growth of dry bulk, mainly due to the launch of new dry bulk cargo terminal by PK Terminal. “We managed to keep the liquid bulk volume at the same level as in the previous year, which is a remarkable achievement in the context of continuing strong competition,” Kalm said.The number of passengers increased in the second quarter mainly due...

According to Valdo Kalm, Chairman of the Management Board of Tallinna Sadam, the increase in cargo volume in the second quarter was mostly affected by the growth of dry bulk, mainly due to the launch of new dry bulk cargo terminal by PK Terminal. “We managed to keep the liquid bulk volume at the same level as in the previous year, which is a remarkable achievement in the context of continuing strong competition,” Kalm said.

The number of passengers increased in the second quarter mainly due to the Tallinn-Helsinki route. In the first half of the year, we were able to reduce the minus, which was caused by the disadvantages of many passenger ships staying off the line due to scheduled maintenance in the first quarter.

At the end of June, Eckerö Line vessel MS Finbo Cargo started operating on the Muuga-Vuosaari route, serving both trucks and passengers with vehicles. Also, Tallink started to serve passengers with veichles with its vessel Wind Wind already operating on the route. The positive effects of these innovations will be reflected in the results starting from the third quarter.

Cargo volume by type of cargo and number of passengers by route in 2019 Q2 and 6 months is presented in the table below: 

	Q2 2019	Q2 2018	change	6M 2019	6M 2018	change
Cargo volume by type of cargo (th tonnes)	5 290	5 072	4,3%	10 009	10 091	-0,8%
Liquid bulk	2 091	2 063	1,3%	4 045	4 281	-5,5%
Ro-ro	1 411	1 410	0,0%	2 685	2 729	-1,6%
Dry bulk	1 134	933	21,6%	1 957	1 784	9,7%
Containers	458	502	-8,7%	948	951	-0,3%
in TEUs	53 691	57 256	-6,2%	113 296	108 922	4,0%
General cargo	196	164	20,0%	374	346	8,2%
Non-marine	0	0	41,9%	1	0	134,0%
Number of passengers by routes (thousand)	2 907	2 903	0,1%	4 697	4 827	-2,7%
Tallinn-Helsinki	2 353	2 340	0,5%	3 968	4 026	-1,4%
Tallinn-Stockholm	265	275	-3,4%	416	491	-15,2%
Tallinn-St.Petersburg	25	29	-13,0%	28	31	-11,7%
Cruise (traditional)	241	244	-1,3%	241	244	-1,3%
Other	23	15	53,3%	43	34	26,8%
Number of vessel calls by vessel type	2 039	1 967	3,7%	3 671	3 676	-0,1%
Cargo vessels	483	432	11,8%	904	828	9,2%
Passenger vessels (incl. Ro-Pax)	1 430	1 398	2,3%	2 641	2 711	-2,6%
Cruise vessels (traditional)	126	137	-8,0%	126	137	-8,0%

More detailed statistics of passengers by nationality, gender and routes on monthly basis, can be viewed on the Port of Tallinn web page: http://ts.ee/statistics

Tallinna Sadam is one of the largest cargo- and passenger port complexes in the Baltic Sea region, which in 2018 serviced 10.6 million passengers and 20.6 million tons of cargo. 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. Tallinna Sadam group's sales in 2018 totaled EUR 130.6 million, adjusted EBITDA EUR 74.4 million and net profit EUR 24.4 million.

Additional information:

Marko Raid
Member of the Management Board/CFO
AS Tallinna Sadam
[email protected]

Attachment

• Tallinna Sadam Q2 2019 volumes ENG