Estonia's Tallinna Sadam Q4 revenue helped by vessel dues; postponed costs hit EBITDA

Tallinna Sadam AS

26/02/2026 06:18

Overview

Estonia port operator's Q4 revenue rose 1.3% yr/yr

Adjusted EBITDA for Q4 decreased by 8% yr/yr

Company completed multifunctional quay in Paldiski South Harbour

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

VESSEL DUES - Increased vessel dues contributed to revenue growth, driven by larger capacity vessels and more cruise ship calls

REPAIR COSTS - Higher repair costs postponed to Q4 impacted adjusted EBITDA negatively

MULTIFUNCTIONAL QUAY - Completion of the multifunctional quay in Paldiski South Harbour marked a major infrastructure development

Company press release: ID:nGNE5zFLfR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
EUR 29.20 mln
EUR 28.90 mln (1 Analyst)
Q4 Net Income
EUR 3.60 mln
Q4 Adjusted EBITDA
EUR 11.20 mln
Q4 Adjusted EBITDA Margin
38.40%
Q4 EBIT
EUR 4.80 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the marine port services peer group is "buy."

Wall Street's median 12-month price target for Tallinna Sadam AS is €1.44, about 0.3% below its February 25 closing price of €1.44

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

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.)