Financial Performance - AS Tallinna Vesi's sales in Q1 2025 reached €16 million, a 5.9% increase from Q1 2024, driven by higher consumption volumes and a price change [1] - The company's net profit for Q1 2025 was €3.44 million, up €0.43 million from the previous year, influenced by the price change for water services and reduced interest costs [2] - Key financial indicators include a gross profit of €6.59 million (up 8.6% YoY) and an operating profit of €4.49 million (up 8.7% YoY) [16] Operational Developments - The company is investing €61 million in 2025 to enhance infrastructure and ensure service continuity, with a focus on adapting to climate changes [4] - In Q1 2025, Tallinna Vesi produced 2.2 GWh of energy from a new combined heat and power plant, reducing costs by €250,000 [3] - The water loss rate in the distribution network improved to 15.88%, down from 16.55% a year earlier, due to ongoing monitoring and rehabilitation efforts [11] Environmental Initiatives - Tallinna Vesi's commitment to sustainability was recognized in a Kantar Emor survey, ranking it among the top five green infrastructure companies [9] - The company removed over 240 tonnes of debris and significant amounts of nitrogen and phosphorus from wastewater in Q1 2025, contributing to the cleanliness of the Baltic Sea [10] - The installation of smart meters for 67% of customers aims to enhance leak detection and environmental conservation [14] Customer Engagement and Community Involvement - The company continues to promote the benefits of drinking tap water and participated in career fairs to attract talent [8] - An outage map was made available on the company's website to inform consumers about planned and emergency water interruptions [7] Infrastructure Improvements - By the end of Q1 2025, approximately 7 kilometers of pipelines were rehabilitated or constructed, with a focus on no-dig methods to minimize disruption [12][13] - The treatment process at the wastewater treatment plant is being upgraded to improve efficiency in debris removal [6]
Tallinna Vesi's first-quarter sales were €16 million
GlobeNewswire·2025-04-25 06:00