Tallinna Vesi´s Supervisory Council approved the financial results for 2023 and the dividend proposal
2024年4月5日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
Tallinna Vesi´s Supervisory Council approved the financial results
for 2023 and the dividend proposal
The Supervisory Council of AS Tallinna Vesi approved the
audited financial results for 2023. The financial results have not
changed from the unaudited results published on
2 February 2024.
The company’s sales revenue in 2023 was €61.14 million, compared
to 2022, the sales revenue increased by 12.1%, or €6.58 million.
The change in sales revenue was due to the tariff, adjusted by the
increase in energy costs, which took effect on 01/10/2022. Revenue
from the sale of water services increased by 13.8% to €55.62
million. The revenue from the sale of construction services was
€4.77 million, which is 0.7% less than a year before.
Last year's operating profit amounted to €17.35 million, almost
recovering to 2021 levels and increasing by 53.3%, or €6.03
million, compared to the significantly lower base in 2022. The
growth in operating profit was mainly influenced by the
stabilization of electricity prices and the tariff change in
October 2022. The net profit for 2023 amounted to €12.84 million,
increasing by 52.8% or €4.44 million compared to 2022, which in the
amount of €0.92 million was affected by income tax expenses arising
from a smaller dividend payment.
In 2023, the company signed loan agreements for €131 million. Of
this amount, €37.5 million were used to refinance a previous loan
and €20 million were mobilised for additional investment needs.
The audited annual report for 2023 is attached to the
announcement and can also be found on the company’s website.
Dividend proposal
AS Tallinna Vesi has formulated its dividend policy based on
regulatory pricing principles for water services, which aims to
give investors greater clarity about the future. According to the
dividend policy, the company aims to distribute 50–80% of the its
annual profit as dividends to shareholders. The dividend payouts
are assessed annually considering the company’s earnings,
investment needs, liquidity position and long-term financial
objectives.
The Management Board of AS Tallinna Vesi proposes to the annual
general meeting of shareholders that the profits for 2023 be
distributed as follows:
- to distribute €10,200 thousand of the company’s consolidated
retained earnings of €79,059 thousand accumulated as of 31/12/2023
(incl. consolidated net profit of €12,844 thousand for 2023) as
dividends; the shareholders shall be paid EUR 0.51 per share as
dividends;
- the rest of retained earnings shall remain undistributed;
- no allocations shall be made from the net profit to the reserve
capital.
The list of shareholders entitled to receive dividends will be
established as at the end of the business day of the Nasdaq CSD
settlement system on 19 June 2024. Consequently, the day of change
of the rights related to the shares (ex-dividend date) is set to 18
June 2024. A person acquiring the shares from that day onwards
shall not be entitled to receive dividends for 2023. Dividends will
be paid to the shareholders on 27 June 2024.
The 2024 proposal to distribute €0.51 per share as dividends
amounts to 79 percent of the net profit for 2023.
Kristiina Tamberg
AS Tallinna Vesi
Head of Communication and Marketing
+372 52 855 21
kristiina.tamberg@tvesi.ee
Ädala 10, Tallinn 10614
www.tallinnavesi.ee
- 2023 AS Tallinna Vesi Annual Report
- 5493000M6TVS2X0KWC97-2023-12-31-et
Tallinna Vesi As (LSE:0JPY)
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Tallinna Vesi As (LSE:0JPY)
過去 株価チャート
から 5 2023 まで 5 2024