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AS Tallinna Sadam 2018 Q4 and full year passenger and cargo flows Tallinn Stock Exchange:TSM1T




(MENAFN - GlobeNewsWire - Nasdaq) itemprop="articleBody">In 2018 Q4 5.0 million tonnes of cargo and 2.3 million passengers passed through the harbours of Tallinna Sadam. Compared to the same period of previous year, the cargo volume increased 2.0%, mainly due to liquid bulk. The growth of the number of passengers decreased by 1.0%. The number of ship calls grew by 4.8% to 1841 calls.

In 2018, the annual cargo volume of Tallinna Sadam totaled 20.6 million tonnes, increasing by 7.4% compared to the previous year, mainly due to liquid bulk and ro-ro. The number of passengers increased by 0.6% year-on-year, reaching an all-time record of 10.6 million passengers. The growth was driven by cruise, the number of passengers on Tallinn-Helsinki route remained at the same level as in the previous year.

According to Valdo Kalm, Chairman of the Management Board of Tallinna Sadam, the result of 2018 is satisfying, as the company managed to maintain and even increase cargo volumes in a difficult competitive situation. "For the number of passengers, we reached a record for the 11th year in a row," Kalm noted.

Cargo volume by type of cargo and number of passengers by route in 2018 Q4 and full year is presented in the table below:

Q4 2018 Q4 2017 change 2018 2017 change Cargo volume by type of cargo (th tonnes) 5 028 4 928 2.0% 20 607 19 179 7.4% Liquid bulk 1 955 1 732 12.9% 8 832 7 447 18.6% Ro-ro 1 301 1 285 1.2% 5 345 5 066 5.5% Dry bulk 1 149 1 289 -10.9% 3 911 4 146 -5.7% Containers 473 520 -8.9% 1 880 1 907 -1.4% in TEUs 57 548 58 399 -1.5% 222 654 215 451 3.3% General cargo 150 103 45.9% 639 612 4.5% Non-marine 1 0 349.3% 0 1 -96.6% Number of passengers by routes (th) 2 314 2 336 -1.0% 10 619 10 560 0.6% Tallinn-Helsinki 2 040 2 049 -0.4% 8 797 8 798 0.0% Tallinn-Stockholm 216 232 -6.7% 1 009 1 013 -0.4% Tallinn-St.Petersburg 23 24 -7.1% 85 83 2.4% Cruise (traditional) 14 13 5.0% 638 566 12.8% Other 20 17 16.7% 90 100 -10.4% Number of vessel calls by vessel type 1 841 1 757 4.8% 7 652 7 716 -0.8% Cargo vessels 456 404 12.9% 1 754 1 677 4.6% Passenger vessels (incl. Ro-Pax) 1 379 1 348 2.3% 5 550 5 723 -3.0% Cruise vessels (traditional) 6 5 20.0% 348 316 10.1%

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 2017 totaled EUR 121.3 million, adjusted EBITDA EUR 66.5 million and net profit EUR 26.4 million.


Additional information:

Marju Zirel
Head of Investor Relations
AS Tallinna Sadam

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    AS Tallinna Sadam 2018 Q4 and full year passenger and cargo flows Tallinn Stock Exchange:TSM1T

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