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Group net sales was EUR 33.8m in Q3 (Nordea est. EUR 33.1m). The amount of passengers increased by 2% in Q3 y/y meanwhile Cargo segment’s volumes decreased by 3.3%. Harbour calls by vessels were about same y/y. Adjusted EBITDA was EUR 16.6m in Q3 (Nordea...
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We believe the first property development project could be announced in late 2026. The first plot and respective auction are not big, but they support the growth story, diversify earnings sources and could even justify higher valuation multiples for ...
Net sales in Q2 came in close to our expectations, but adjusted EBITDA was below our forecast. The adjusted EBITDA margin in Q2 was 46% compared to our forecast of 47%. However, part of the cost increases were related to one-off items that do not burden...
Group net sales was EUR 31.1m in Q2 (Nordea est. EUR 31.0m). Harbour calls by vessels declined by 3.1% y/y. The amount of passengers decreased 1.1% in Q2 y/y meanwhile Cargo segment’s volumes decreased by 2.3%. Adjusted EBITDA was EUR 14.2m in Q2 (Nordea...
The share price has declined by 14% since the Q1 report. Elevated fuel prices, combined with declining cargo volumes in H1, are the main reasons behind the share price development. Demand for a new quay in Paldiski may have also been lower than the company...