Estonia's Tallink Q3 revenue rises on passenger and cargo volume growth

AS Tallink Grupp

Today 07:21

Overview
Estonia ferry operator's Q3 revenue rose 5.8% yr/yr to EUR 246.7 mln
Q3 net profit increased to EUR 43.8 mln from EUR 40.8 mln a year ago
Q3 EBITDA edged down to EUR 67.9 mln from EUR 68.9 mln last year

Outlook
Company did not provide specific financial guidance for upcoming quarters or full year in its press release
Tallink says it is seeking new chartering options for unused vessels and extending existing agreements
Company notes ongoing economic uncertainty and subdued consumer and business confidence in core markets

Result Drivers
HIGHER FUEL COSTS - Co said geopolitical tensions drove up fuel costs by EUR 9.2 mln, or 45.5%, yr/yr
PASSENGER AND CARGO VOLUME GROWTH - Co said increased passenger and cargo volumes helped offset weak consumer and business confidence
EU ETS COSTS - Co said EU emissions trading costs rose 64.3% yr/yr to EUR 5.9 mln

Company press release: ID:nGNE8RpDtq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 246.70 mln
 
Q3 Net Income
 
EUR 43.80 mln
 
Q3 EBITDA
 
EUR 67.90 mln
 

Analyst Coverage
Wall Street's median 12-month price target for AS Tallink Grupp is €0.80, about 24% above its October 21 closing price of €0.65
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Oct 22 - Estonia's Harju Elekter Q3 revenue falls 4.8% on postponed projects
Oct 22 - Lithuania's Telia Lietuva Q3 revenue rises on strength in IT, mobile services; plans job cuts
Oct 22 - Hong Kong's SITC nine-month revenue rises on higher freight rates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)