AS Tallinna Sadam operational volumes for 2023 full year and Q4

In Q4, 1.8 million passengers visited the harbours of Tallinna Sadam and 3.1 million tonnes of cargo was handled. Compared to Q4 2022, the passenger volume increased by 5% supported by Finnish routes, whereas the cargo volume decreased by 21%. The number of vessel calls increased by 6% to 1,693 calls, as the passenger ship Victoria I was added to the Tallinn-Helsinki line from October. The number of passengers and vehicles travelling between the Estonian mainland and the main islands grew by...

In 2023, 10/01/2024 (informazione.it - comunicati stampa - turismo)

In Q4, 1.8 million passengers visited the harbours of Tallinna Sadam and 3.1 million tonnes of cargo was handled. Compared to Q4 2022, the passenger volume increased by 5% supported by Finnish routes, whereas the cargo volume decreased by 21%. The number of vessel calls increased by 6% to 1,693 calls, as the passenger ship Victoria I was added to the Tallinn-Helsinki line from October. The number of passengers and vehicles travelling between the Estonian mainland and the main islands grew by 2-3%. The utility rate of the icebreaker Botnica was 67%, growing by 20 percentage points.

According to Valdo Kalm, chairman of the management board of Tallinna Sadam, the steady recovery of the passenger business continues at the expected pace. "Thanks to the increase in the number of passengers, today we have two additional departures per day to Finland compared to the end of last year, which has a definite positive effect on our revenue base. The number of cruise ship calls decreased, but as the occupancy rate of cruise ships improved significantly, the volume of cruise passengers was almost at the same level as last year. Most of the decrease in cargo volume continues to be related to the decrease in cargo of Russian origin, mainly in liquid bulk. In 2022, the sanctions were applied gradually during the year until December, and thus there are still goods of Russian origin in the comparison period. The main reason for the decrease in other cargo types is the general economic situation of both Estonia and our main trading partners," said Kalm.

In 2023, people travelled to the Estonian islands with the ferries more than ever, i.e. the number of trips, passengers and transported vehicles increased. The decrease in utilization rate of the icebreaker Botnica was due to the shorter charter period of the Baffinland project, so Botnica participated in three different shorter summer work projects, serving Equinor in June, British Petroleum in August, and moving to the usual Baffinland charter in northern Canada in early September.

The operational volumes of Tallinna Sadam group for 2023 Q4 and 12 months are presented in the following table. The data for the Q4 2023 are preliminary as of 09.01.2024. The final volumes for the period may be specified and will be published in the following financial report.

More detailed statistics of passengers by nationality, gender and routes on monthly basis, can be viewed on the Tallinna Sadam web page: https://www.ts.ee/en/statistics/ . We now also publish quarterly key figures in xlsx format: https://www.ts.ee/en/investor/key-figures/
Detailed statistics on the number of passengers and vehicles on passenger ferries: https://www.praamid.ee/wp/statistics/

Additional information:

Marju Zirel
Head of Investor Relations
Tel. +372 5342 6591

m.zirel@ts.ee

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