Estonia's Infortar Q3 revenue falls, net profit declines
Estonia's Infortar Q3 revenue falls, net profit declines
Overview
Estonia conglomerate's Q3 revenue fell yr/yr, net profit also declined
Company completed Litagra acquisition, expanding agricultural business in the Baltics
Energy segment sales volumes dropped 27% yr/yr due to lower wholesale sales
Outlook
Company did not provide specific financial guidance for the current or upcoming periods in its press release
Result Drivers
MARITIME TRANSPORT - Tallink saw growth in passenger numbers, cargo volumes and revenue in Q3, according to Chairman Ain Hanschmidt
ENERGY SALES DECLINE - Elenger's gas and electricity sales volumes dropped 27% yr/yr in Q3, mainly due to reduced wholesale sales
REAL ESTATE GROWTH - Rental income from the real estate segment increased and projects continued to progress, per management
Company press release: ID:nGNE8885Pl
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales Revenue |
| EUR 457.51 mln |
|
Q3 EPS |
| EUR 2.11 |
|
Q3 EBIT |
| EUR 66.73 mln |
|
Q3 EBITDA |
| EUR 87.42 mln |
|
Q3 EBITDA Margin |
| 19.10% |
|
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(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.)