Estonia's Tallinna Vesi Q1 sales rise 12.4%, net profit up 24.3%

Tallinna Vesi AS

08/05/2026 07:07

Overview

Estonia water utility's Q1 sales rose 12.4% yr/yr, driven by construction and water price changes

Q1 net profit up 24.3% yr/yr, supported by operational efficiency and investment profitability

Company invested €7.86 mln in Q1, focusing on infrastructure upgrades and water treatment projects

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

CONSTRUCTION SERVICES & WATER PRICE CHANGES - Sales growth driven mainly by construction services and new water service prices introduced to support investment and regulatory harmonisation

OPERATIONAL EFFICIENCY & INVESTMENT PROFITABILITY - Net profit growth attributed to operational efficiency and justified profitability of investments made to ensure a clean environment and service continuity

ENERGY & SUBSIDIARY CONTRIBUTION - Financial performance supported by services from subsidiary Watercom and the combined heat and power plant supplying energy for wastewater treatment

Company press release: ID:nGNE5ClVJz

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 17.99 mln
Q1 Net Income
EUR 4.28 mln
Q1 Gross Margin
42.38%
Q1 Operating Income
EUR 5.45 mln
Q1 Operating Income Margin
30.27%
Q1 Pretax Profit
EUR 4.32 mln


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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.)