Estonia's Tallinna Vesi Q2 revenue falls 4.1% on lower construction services

Tallinna Vesi AS

31/07/2026 07:13

Overview
Estonia water utility's Q2 revenue fell 4.1% yr/yr, mainly on lower construction services income
Company posted Q2 net loss, citing high tax and capital expenses and deferred construction revenue
Q2 investments in fixed assets rose 4.3% yr/yr as infrastructure upgrades continued

Outlook
Tallinna Vesi plans total investments of €60 mln for 2026
Company preparing to introduce pollution-load-based pricing for wastewater treatment services
Smart meter installation project to be completed during 2026

Result Drivers
CONSTRUCTION SERVICES DECLINE - Co said lower revenue from construction services was the main factor behind Q2 sales decrease
WATER SERVICE PRICE INCREASE - Revenue from sale of water services rose due to new prices introduced in May 2025 and harmonised in July 2026
HIGH TAX AND CAPITAL EXPENSES - Q2 net loss attributed to high tax and capital expenses and deferred construction revenue, not core operations, per CEO

Company press release: ID:nGNE1H66dF

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
EUR 18.61 mln
 
Q2 Net Loss
 
EUR 120,000
 
Q2 Gross Margin
 
35.46%
 
Q2 Operating Income
 
EUR 4.20 mln
 
Q2 Operating Income Margin
 
22.57%
 
Q2 Pretax Profit
 
EUR 2.92 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.)