Estonia port operator Tallinna Sadam's Q1 profit falls 33% on lower volumes

Tallinna Sadam AS

11/05/2026 06:08

Overview

Estonia port operator's Q1 2026 revenue declined 0.7% yr/yr

Adjusted EBITDA fell 17% yr/yr, net profit dropped 33%

Results impacted by harsh ice conditions and routine passenger ship maintenance

Outlook

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

Result Drivers

LOWER OPERATING VOLUMES - Co said declines in passenger and cargo harbour activity were mainly due to harsh ice conditions and routine maintenance of passenger ships

HIGHER ENERGY AND FUEL COSTS - Increased energy and fuel costs weighed on profit, per Chairman Valdo Kalm

NO INSURANCE COMPENSATION - Last year's profit included insurance compensation for Botnica repairs, which was not repeated this year

Company press release: ID:nGNE3nv42C

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 28.1 mln
EUR 28.80 mln (1 Analyst)
Q1 Net Income
EUR 4.6 mln
Q1 Adjusted EBITDA
EUR 11.6 mln
Q1 Adjusted EBITDA Margin
41.1%
Q1 EBIT
EUR 5.7 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 €1.49, about 2.1% above its May 8 closing price of €1.45

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

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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.)