Reported Earnings • Jul 25
Second quarter 2026 earnings released: €0.003 loss per share (vs €0.003 loss in 2Q 2025) Second quarter 2026 results: €0.003 loss per share (in line with 2Q 2025). Revenue: €207.0m (flat on 2Q 2025). Net loss: €2.49m (flat on 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 02
Dividend of €0.03 announced Shareholders will receive a dividend of €0.03. Ex-date: 12th November 2026 Payment date: 24th November 2026 Dividend yield will be 9.7%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (157% earnings payout ratio). However, it is well covered by cash flows (38% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 74% to bring the payout ratio under control, which is more than the 50% EPS growth achieved over the last 5 years. Upcoming Dividend • Jun 10
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 17 June 2026. Payment date: 01 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 9.2%. Within top quartile of Estonian dividend payers (6.1%). Higher than average of industry peers (3.7%). Announcement • May 21
Tallink Grupp Announces Total Dividend in Two Installments for the Year 2026, Payable on 1 July 2026 and 24 November 2026 Respectively AS Tallink Grupp resolved to pay the shareholders dividends of 0.06 euros per share; to pay 0.03 euros per share to the shareholders who are included in the list of shareholders fixed on 18 June 2026 as at the end of the business day of Nasdaq CSD Estonia settlement system. Consequently, the day of change of the rights related to the shares (ex-date) is set to 17 June 2026. The dividend shall be paid to the shareholders by transfer to the bank account of the shareholders on 1 July 2026 and to pay 0.03 euros per share to the shareholders who are included in the list of shareholders fixed on 13 November 2026 as at the end of the business day of Nasdaq CSD Estonia settlement system. Consequently, the day of change of the rights related to the shares (ex-date) is set to 12 November 2026. The dividend shall be paid to the shareholders by transfer to the bank account of the shareholders on 24 November 2026. Reported Earnings • Apr 18
Full year 2025 earnings released: EPS: €0.023 (vs €0.054 in FY 2024) Full year 2025 results: EPS: €0.023 (down from €0.054 in FY 2024). Revenue: €765.3m (down 2.6% from FY 2024). Net income: €17.3m (down 57% from FY 2024). Profit margin: 2.3% (down from 5.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Apr 17
Final dividend of €0.03 announced Dividend of €0.03 is the same as last year. Ex-date: 17th June 2026 Payment date: 1st July 2026 Dividend yield will be 9.5%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (258% earnings payout ratio). However, it is well covered by cash flows (47% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 187% to bring the payout ratio under control, which is more than the 55% EPS growth achieved over the last 5 years. Recent Insider Transactions • Mar 08
Member of the Supervisory Board recently bought €123k worth of stock On the 27th of February, Ain Hanschmidt bought around 200k shares on-market at roughly €0.62 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €201k more in shares than they have sold in the last 12 months. Announcement • Feb 27
AS Tallink Grupp Announces Board Changes AS Tallink Grupp has elected Peep Jalakas as the new Chairman of the Management Board. The term of office of Mr. Jalakas will commence on April 6, 2026 and will last for three years. Peep Jalakas joined SEB Bank in 2006 and has held several senior management positions since 2010, including serving as Head of Corporate Banking and Head of Credit. Since 2023, he has been a Member of the Management Board of SEB Bank and Head of Corporate Banking. In addition, the Supervisory Board has resolved to recall Margus Schults from the Management Board with effect from February 27, 2026. He will continue in his role as Managing Director of Tallink Silja Oy. The current Chairman of the Management Board, Paavo Nõgene, will continue as a member of the Management Board of the Group until the expiry of his term of office on 23 May 2026. As of April 6, 2026, the Management Board of the Group will comprise: Peep Jalakas (Chairman of the Management Board), Harri Hanschmidt, Elise Nassar, Piret Mürk-Dubout and Paavo Nõgene (until May 23, 2026). Announcement • Feb 20
AS Tallink Grupp Announces Resignation of Paavo Nõgene as Chairman of the Management Board, Effective 23 May 2026 Paavo Nõgene, Chairman of the Management Board of AS Tallink Grupp, has submitted an application to resign from the position of Chairman of the Management Board at his own request. Paavo Nõgene's authority as a member of the Management Board will expire on 23 May 2026. Reported Earnings • Feb 20
Full year 2025 earnings released: EPS: €0.023 (vs €0.054 in FY 2024) Full year 2025 results: EPS: €0.023 (down from €0.054 in FY 2024). Revenue: €765.3m (down 2.6% from FY 2024). Net income: €17.3m (down 57% from FY 2024). Profit margin: 2.3% (down from 5.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 12
Member of the Supervisory Board recently bought €78k worth of stock On the 3rd of December, Ain Hanschmidt bought around 137k shares on-market at roughly €0.57 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Nov 06
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 13 November 2025. Payment date: 25 November 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 10.0%. Within top quartile of Estonian dividend payers (6.9%). Higher than average of industry peers (7.7%). Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: €0.055 (vs €0.05 in 3Q 2024) Third quarter 2025 results: EPS: €0.055 (up from €0.05 in 3Q 2024). Revenue: €233.1m (flat on 3Q 2024). Net income: €40.8m (up 11% from 3Q 2024). Profit margin: 18% (up from 16% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Jul 25
Second quarter 2025 earnings released: €0.003 loss per share (vs €0.008 profit in 2Q 2024) Second quarter 2025 results: €0.003 loss per share (down from €0.008 profit in 2Q 2024). Revenue: €207.0m (down 1.5% from 2Q 2024). Net loss: €2.49m (down 141% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Jun 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 368% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Dividend is not well covered by earnings (dividend per share is over 9x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Upcoming Dividend • Jun 11
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 18 June 2025. Payment date: 02 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.9%. Within top quartile of Estonian dividend payers (6.3%). Higher than average of industry peers (7.1%). Buy Or Sell Opportunity • May 21
Now 20% overvalued Over the last 90 days, the stock has fallen 2.2% to €0.65. The fair value is estimated to be €0.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Meanwhile, the company has become profitable. Announcement • May 20
AS Tallink Grupp Approves Dividends for 2025, Payable on July 2, 2025 and November 25, 2025 AS Tallink Grupp at its AGM held on May 20, 2025 approved to pay the shareholders dividends of EUR 0.06 per share, in the total amount of EUR 44,614,143.84. EUR 0.03 per share shall be paid to the shareholders who are included in the list of shareholders on 19 June 2025 as at the end of the business day of the settlement system of the securities registrar (record-date). Consequently, the day of change of the rights related to the shares (ex-date) is on 18 June 2025. The dividend shall be paid to the shareholders by transfer to the bank account of the shareholders on 2 July 2025. EUR 0.03 per share shall be paid to the shareholders who are included in the list of shareholders on 14 November 2025 as at the end of the business day of settlement system of the securities registrar (record-date). Consequently, the day of change of the rights related to the shares (ex-date) is on 13 November 2025. The dividend shall be paid to the shareholders by transfer to the bank account of the shareholders on 25 November 2025. Declared Dividend • Apr 28
Dividend of €0.03 announced Shareholders will receive a dividend of €0.03. Ex-date: 18th June 2025 Payment date: 2nd July 2025 Dividend yield will be 4.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 9x earnings). However, it is well covered by cash flows (43% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1,001% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Apr 26
First quarter 2025 earnings released: €0.045 loss per share (vs €0.003 profit in 1Q 2024) First quarter 2025 results: €0.045 loss per share (down from €0.003 profit in 1Q 2024). Revenue: €137.3m (down 14% from 1Q 2024). Net loss: €33.2m (down €35.8m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 22
AS Tallink Grupp, Annual General Meeting, May 20, 2025 AS Tallink Grupp, Annual General Meeting, May 20, 2025, at 11:00 FLE Standard Time. Location: at the conference centre of tallink spa, & conference hotel, at the address sadama 11a, Finland Reported Earnings • Feb 23
Full year 2024 earnings released: EPS: €0.054 (vs €0.11 in FY 2023) Full year 2024 results: EPS: €0.054 (down from €0.11 in FY 2023). Revenue: €785.8m (down 5.9% from FY 2023). Net income: €40.3m (down 49% from FY 2023). Profit margin: 5.1% (down from 9.4% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Feb 22
AS Tallink Grupp Proposes Dividend for the Financial Year of 2024 AS Tallink Grupp's Management Board has decided to prepare a proposal to the General Meeting of Shareholders to pay a dividend of 6 cents per share in 2025 for the financial year of 2024. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: €0.05 (vs €0.065 in 3Q 2023) Third quarter 2024 results: EPS: €0.05 (down from €0.065 in 3Q 2023). Revenue: €231.9m (down 3.7% from 3Q 2023). Net income: €36.8m (down 24% from 3Q 2023). Profit margin: 16% (down from 20% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Aug 13
AS Tallink Grupp Announces Resignation of Colin Douglas Clark as Member of the Supervisory Board AS Tallink Grupp informed the shareholders of the Company that on 9 August 2024 Colin Douglas Clark, a member of the Supervisory Board of the Company, notified the Management Board of the Company and the Supervisory Board of the Company of his resignation from the Supervisory Board of the Company. As of the resignation of Colin Douglas Clark, the Supervisory Board of the Company shall continue with 6 members. Recent Insider Transactions • Aug 01
Chairman of Management Board & CEO recently bought €265k worth of stock On the 26th of July, Paavo Nogene bought around 450k shares on-market at roughly €0.59 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Paavo has been a buyer over the last 12 months, purchasing a net total of €279k worth in shares. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: €0.008 (vs €0.045 in 2Q 2023) Second quarter 2024 results: EPS: €0.008 (down from €0.045 in 2Q 2023). Revenue: €210.0m (down 8.5% from 2Q 2023). Net income: €6.11m (down 82% from 2Q 2023). Profit margin: 2.9% (down from 15% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 18
Infortar AS (TLSE:INF1T) intended to make a voluntary takeover offer to acquire remaining 53.26% stake in AS Tallink Grupp (TLSE:TAL1T) from Baltic Cruises Holding, L.P., Baltic Cruises Investment L.P., Citigroup Venture Capital International Investment GP Limited, Luksusjaht AS, Mersok OÜ, and Clearstream Banking AG for approximately €217 million. Infortar AS (TLSE:INF1T) intended to make a voluntary takeover offer to acquire remaining 53.26% stake in AS Tallink Grupp (TLSE:TAL1T) from Baltic Cruises Holding, L.P., Baltic Cruises Investment L.P., Citigroup Venture Capital International Investment GP Limited, Luksusjaht AS, Mersok OÜ, and Clearstream Banking AG for approximately €217 million on June 17, 2024. The Offeror makes the Offer with the price of €0.55 per one Tallink share. Upon completion, Infortar AS will own 100% stake in AS Tallink Grupp. The Offer takes place as a voluntary takeover offer and the Offeror is not obliged to conduct the Offer under § 166 of the Estonian Securities Market Act. In accordance, the Offeror shall submit the Prospectus and the Offer notice to the Estonian Financial Supervision and Resolution Authority (“ EFSA ”) for approval. The Prospectus and Offer notice shall be published at a date determined by EFSA after their approval, however, the Offeror intends to start the Offer in the beginning of July 2024 and the Offer is intended to last for 35 days. The Offer shall be made in accordance with the laws of the Republic of Estonia and will not be subject to any review or approval by any foreign regulatory authority. Upcoming Dividend • Jun 12
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 19 June 2024. Payment date: 03 July 2024. Trailing yield: 8.0%. Within top quartile of Estonian dividend payers (7.5%). Higher than average of industry peers (5.7%). Announcement • May 17
Infortar AS (TLSE:INF1T) acquired an additional 3.5% stake in AS Tallink Grupp (TLSE:TAL1T) for €16.7 million. Infortar AS (TLSE:INF1T) acquired an additional 3.5% stake in AS Tallink Grupp (TLSE:TAL1T) for €16.7 million on May 14, 2024. As part of acquisition, 26,030,390 shares were acquired for €0.64 per share. Infortar now owns 46.74% stake in AS Tallink.
Infortar AS (TLSE:INF1T) completed the acquisition of additional 3.5% stake in AS Tallink Grupp (TLSE:TAL1T) on May 14, 2024. Announcement • May 09
AS Tallink Grupp Approves Dividend for the Financial Year 2023, Payable on July 03, 2024 AS Tallink Grupp held its Annual General Meeting of Shareholders on 7 May 2024, approved to pay dividends to the shareholders EUR 0.06 per share, in the total amount of EUR 44,614,143.84. The list of the shareholders entitled to the dividend shall be fixed as at June 20, 2024 at the end of the working day of the settlement system of Nasdaq CSD Estonia. Consequently, the day of change of the rights related to the shares (ex-dividend date) is set to June 19, 2024. From this day onwards, persons acquiring the shares will not have the right to receive dividends for the financial year 2023. The dividend shall be paid to the shareholders by transfer to the bank account of the shareholders on July 03, 2024. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: €0.003 (vs €0.007 loss in 1Q 2023) First quarter 2024 results: EPS: €0.003 (up from €0.007 loss in 1Q 2023). Revenue: €160.4m (down 6.3% from 1Q 2023). Net income: €2.57m (up €8.00m from 1Q 2023). Profit margin: 1.6% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 07
Full year 2023 earnings released: EPS: €0.11 (vs €0.019 in FY 2022) Full year 2023 results: EPS: €0.11 (up from €0.019 in FY 2022). Revenue: €835.3m (up 8.3% from FY 2022). Net income: €78.9m (up 466% from FY 2022). Profit margin: 9.4% (up from 1.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 06
AS Tallink Grupp Announces Changes in Management Board AS Tallink Grupp'S Supervisory Board has appointed Ms Elise Nassar as a Member of the Management Board and has recalled from the Management Board Mrs. Kadri Land following her resignation. The mandate of Mrs. Kadri Land ends on 6 March 2024 and the mandate of Ms Elise Nassar commences on 6 March 2024 and lasts for three years. Ms Elise Nassar joined Tallink Grupp in February 2018 as a Data Protection Officer, but already a year later, in 2019 she was appointed to head the group’s internal audit department and since the summer of 2022, Ms Nassar holds the position of held the position of Group Head of Legal and Head of the Internal Audit and Internal Control Departments. Prior to joining Tallink Grupp, Ms Nassar worked as a lawyer at AS Ekspress Grupp, the largest media group in the Baltic States. Ms Nassar holds a bachelor’s degree in law from the University of Tartu. Ms Nassar is a Management Board Member of Justit OÜ, a Supervisory Board Member of AS Tallink Latvija, a Member of the Board of Director of the European Community Shipowners’ Associations and the President of the Estonian Shipowners’ Association. Ms Nassar holds 10,120 AS Tallink Grupp shares. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: €0.11 (vs €0.019 in FY 2022) Full year 2023 results: EPS: €0.11 (up from €0.019 in FY 2022). Revenue: €835.3m (up 8.3% from FY 2022). Net income: €78.9m (up 466% from FY 2022). Profit margin: 9.4% (up from 1.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jan 10
Member of the Supervisory Board recently bought €106k worth of stock On the 4th of January, Ain Hanschmidt bought around 154k shares on-market at roughly €0.69 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €277k. Insiders have collectively bought €5.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 26
Member of the Supervisory Board recently bought €277k worth of stock On the 21st of December, Ain Hanschmidt bought around 401k shares on-market at roughly €0.69 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €5.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 03
Member of the Supervisory Board recently bought €82k worth of stock On the 28th of November, Ain Hanschmidt bought around 120k shares on-market at roughly €0.68 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €5.1m more in shares than they have sold in the last 12 months. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: €0.065 (vs €0.051 in 3Q 2022) Third quarter 2023 results: EPS: €0.065 (up from €0.051 in 3Q 2022). Revenue: €240.7m (down 5.8% from 3Q 2022). Net income: €48.7m (up 28% from 3Q 2022). Profit margin: 20% (up from 15% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 18
Member of the Supervisory Board recently bought €969k worth of stock On the 14th of August, Ain Hanschmidt bought around 1m shares on-market at roughly €0.68 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €5.0m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: €0.045 (vs €0.001 loss in 2Q 2022) Second quarter 2023 results: EPS: €0.045 (up from €0.001 loss in 2Q 2022). Revenue: €229.7m (up 12% from 2Q 2022). Net income: €33.4m (up €34.1m from 2Q 2022). Profit margin: 15% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 19
AS Tallink Grupp, Annual General Meeting, Jun 13, 2023 AS Tallink Grupp, Annual General Meeting, Jun 13, 2023, at 11:00 E. Europe Standard Time. Location: Tallink SPA & Conference Hotel Sadama 11a Tallin Estonia Agenda: To approve the annual report of the financial year 2022 of AS Tallink Grupp presented by the management board; to approve Proposal on distribution of profits; to consider appointment of an auditor for the financial year 2023 and the determination of the procedure of remuneration of an auditor; to consider Extension of authority of the Member of the Supervisory Board and payment of remuneration; to consider Amendment of the Articles of Association; and to consider Approval of the Option Program. Reported Earnings • Apr 28
First quarter 2023 earnings released: €0.007 loss per share (vs €0.054 loss in 1Q 2022) First quarter 2023 results: €0.007 loss per share (improved from €0.054 loss in 1Q 2022). Revenue: €171.2m (up 61% from 1Q 2022). Net loss: €5.42m (loss narrowed 86% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 29
Member of the Supervisory Board recently bought €2.5m worth of stock On the 24th of March, Ain Hanschmidt bought around 4m shares on-market at roughly €0.58 per share. This transaction amounted to 73% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €4.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 13
Member of the Supervisory Board recently bought €1.3m worth of stock On the 10th of March, Ain Hanschmidt bought around 2m shares on-market at roughly €0.58 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 06
Member of the Supervisory Board recently bought €99k worth of stock On the 28th of February, Ain Hanschmidt bought around 175k shares on-market at roughly €0.57 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €160k. Insiders have collectively bought €259k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: €0.019 (vs €0.081 loss in FY 2021) Full year 2022 results: EPS: €0.019 (up from €0.081 loss in FY 2021). Revenue: €771.4m (up 62% from FY 2021). Net income: €13.9m (up €70.5m from FY 2021). Profit margin: 1.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year. Recent Insider Transactions • Dec 16
Member of the Supervisory Board recently bought €160k worth of stock On the 13th of December, Toivo Ninnas bought around 308k shares on-market at roughly €0.52 per share. This transaction amounted to 9.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Oct 30
AS Tallink Grupp to Report Q4, 2022 Results on Feb 22, 2023 AS Tallink Grupp announced that they will report Q4, 2022 results on Feb 22, 2023 Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: €0.051 (vs €0.008 in 3Q 2021) Third quarter 2022 results: EPS: €0.051 (up from €0.008 in 3Q 2021). Revenue: €255.6m (up 50% from 3Q 2021). Net income: €37.9m (up €32.4m from 3Q 2021). Profit margin: 15% (up from 3.2% in 3Q 2021). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 29
Second quarter 2022 earnings released: €0.001 loss per share (vs €0.036 loss in 2Q 2021) Second quarter 2022 results: €0.001 loss per share (up from €0.036 loss in 2Q 2021). Revenue: €206.0m (up 139% from 2Q 2021). Net loss: €671.0k (loss narrowed 97% from 2Q 2021). Over the next year, revenue is forecast to grow 29%, compared to a 8.6% growth forecast for the industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: €0.054 loss per share (down from €0.051 loss in 1Q 2021). Revenue: €106.1m (up 98% from 1Q 2021). Net loss: €40.0m (loss widened 16% from 1Q 2021). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 35%. Over the next year, revenue is forecast to grow 44%, compared to a 18% growth forecast for the industry in Estonia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 07
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: €0.081 loss per share (up from €0.16 loss in FY 2020). Revenue: €476.9m (up 7.7% from FY 2020). Net loss: €56.6m (loss narrowed 48% from FY 2020). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 35%. Over the next year, revenue is forecast to grow 53%, compared to a 16% growth forecast for the industry in Estonia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: €0.081 loss per share (up from €0.16 loss in FY 2020). Revenue: €476.9m (up 7.7% from FY 2020). Net loss: €56.6m (loss narrowed 48% from FY 2020). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Over the next year, revenue is forecast to grow 53%, compared to a 27% growth forecast for the industry in Estonia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS €0.008 (vs €0.036 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €170.5m (up 19% from 3Q 2020). Net income: €5.52m (up €29.4m from 3Q 2020). Profit margin: 3.2% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 30
Second quarter 2021 earnings released: €0.036 loss per share (vs €0.041 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €86.1m (up 33% from 2Q 2020). Net loss: €24.3m (loss narrowed 11% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 01
Full year 2020 earnings released: €0.16 loss per share (vs €0.074 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €442.9m (down 53% from FY 2019). Net loss: €108.3m (down 318% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 01
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 50%, compared to a 8.3% growth forecast for the Shipping industry in Europe. Is New 90 Day High Low • Dec 01
New 90-day high: €0.72 The company is up 5.0% from its price of €0.69 on 02 September 2020. The Estonian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.50 per share. Reported Earnings • Nov 06
Third quarter 2020 earnings released: €0.036 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €143.7m (down 50% from 3Q 2019). Net loss: €23.9m (down 144% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 06
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 44%. Over the next year, revenue is forecast to grow 19%, compared to a 4.9% growth forecast for the Shipping industry in Estonia. Major Estimate Revision • Nov 04
Analysts lower EPS estimates to -€0.14 The 2020 consensus revenue estimate was lowered from €542.3m to €506.8m. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -€0.12 to -€0.14 for the same period. The Shipping industry in Estonia is expected to see an average net income growth of 39% next year. The consensus price target was lowered from €0.76 to €0.70. Share price is down by 4.5% to €0.60 over the past week. Price Target Changed • Nov 02
Price target lowered to €0.70 Down from €0.78, the current price target is an average from 2 analysts. The new target price is 15% above the current share price of €0.61. As of last close, the stock is down 35% over the past year. Is New 90 Day High Low • Oct 29
New 90-day low: €0.62 The company is down 14% from its price of €0.72 on 30 July 2020. The Estonian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.54 per share. Is New 90 Day High Low • Sep 25
New 90-day low: €0.64 The company is down 18% from its price of €0.78 on 26 June 2020. The Estonian market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.22 per share. 
