Tallinna Vesi's second-quarter sales reached €19.4 million

Core Insights - AS Tallinna Vesi reported a significant increase in sales for the second quarter of 2025, reaching €19.4 million, which is a 23.4% increase compared to the same period in 2024, primarily driven by construction services sales [1][18] - The company's net profit for the second quarter was €1.37 million, a decrease of €0.83 million from the previous year, largely due to higher tax costs [2][24] - The company is focused on infrastructure development, with plans to build and rehabilitate approximately 45 kilometers of pipelines in 2025, aiming to minimize disruption to city life [3][4] Financial Performance - Revenue for the second quarter of 2025 was €19.4 million, up from €15.7 million in 2024, marking a 23.4% increase [18] - Gross profit increased to €7.15 million, a 12.8% rise from €6.34 million in the same quarter of 2024 [18] - Operating profit for the second quarter was €5.14 million, reflecting a 15.2% increase compared to €4.46 million in the previous year [18] Investment and Infrastructure - The total planned investment for 2025 is €61 million, with significant progress made in pipeline construction and rehabilitation [8][3] - The company has adopted no-dig techniques for approximately half of the pipelines completed this year, enhancing efficiency and reducing disruption [3][5] - Major construction projects are underway on several key streets, including Kopli Street and Tammsaare Road, which are crucial for local infrastructure [4] Environmental and Quality Standards - The quality of treated wastewater exceeded effluent standards, with over 270 tonnes of solid waste and significant amounts of nitrogen and phosphorus removed during the second quarter [9] - Tap water quality remained excellent, meeting 100% of quality requirements, with a high customer trust level reported [10] - The water loss rate in the distribution network improved to 12.4%, down from 13% a year earlier, due to ongoing monitoring and rehabilitation efforts [11][12] Customer Engagement and Community Initiatives - The company organized public events to raise awareness about the benefits of tap water and environmental protection, including providing fresh drinking water at community celebrations [13] - In May, 59 public drinking water taps were opened across Tallinn to promote the use of tap water [14] - By the end of the second quarter, smart meters had been installed for 72% of customers, enhancing leak detection and customer feedback has been positive [15] Corporate Social Responsibility - Tallinna Vesi received recognition for its commitment to environmental sustainability, achieving gold level in the Corporate Social Responsibility Index [16] - The company also supports national defense initiatives and offers summer traineeships to students [16][17]