Tallinna Vesi Celebrates Strong Growth in Q2 Financials
Tallinna Vesi Reports Impressive Q2 Sales Results
AS Tallinna Vesi recently announced its sales figures for the second quarter, revealing a remarkable €19.4 million in revenue. This upward trend was largely propelled by increased sales in construction services, showcasing the company's proactive approach to meeting customer needs.
Impressive Year-Over-Year Revenue Growth
In comparing the sales figures to the same quarter from the previous year, the revenue exhibited a notable growth of 23.4%, amounting to an increase of €3.67 million. A significant contributor to this increase was the subsidiary's construction services, which saw a rise of €2.65 million compared to the prior year's figures. Additionally, water service sales increased by €0.95 million, with the company observing a shift in demand from business customers toward private customers. This transformation is attributed to the newly implemented pricing for water services as of 1 May.
Financial Performance Overview
While Tallinna Vesi's revenue soared, the company reported a net profit of €1.37 million for the second quarter of 2025. This represented a decrease of €0.83 million from the same period last year, primarily due to higher tax obligations affecting profitability.
CEO's Insight on the Performance
Aleksandr Timofejev, the CEO of Tallinna Vesi, commented on the quarter's performance, stating, "The second quarter marks the start of summer, a typically busy period in our industry. We have made significant strides with our investment plans, with over 20 kilometers of pipelines constructed or rehabilitated during this time." The company remains focused on minimizing disruptions during construction while collaborating closely with other utility providers.
Future Infrastructure Investments
In 2025, Tallinna Vesi aims to construct and rehabilitate approximately 45 kilometers of pipelines. The implementation of no-dig techniques has been a game changer, with nearly half of this year’s completed projects employing these innovative methods. This technique allows for pipeline work to occur while avoiding significant disturbances to traffic and daily life.
Major Construction Developments
The company is in the midst of critical construction activities spanning multiple streets, including Kopli Street and A. H. Tammsaare Road. Notably, the pipeline replacement along Tammsaare Road serves as a crucial supply line for the neighboring areas of Mustamäe and Õismäe, ensuring continued service reliability.
Commitment to Sustainable Practices
In line with its dedication to sustainable operations, Tallinna Vesi has planned a total investment of €61 million for the current year. Investments include advancements at the wastewater treatment plant to enhance environmental efficiency and minimize the ecological footprint of operations.
Quality of Service and Community Engagement
Quality metrics indicate that treated wastewater from the Paljassaare Wastewater Treatment Plant surpassed effluent standards, with significant quantities of pollutants removed during Q2. The firm prides itself on excellent drinking water quality, as verified through a customer survey revealing an impressive 89% trust level among respondents who favor drinking tap water.
Water Conservation Measures and Awareness
To address water loss in the distribution network, which fell to 12.4% from 13% year-over-year, the company maintains continuous monitoring and rehabilitation of the water network. Enhancing consumer awareness of the benefits of fresh tap water remains a priority. This quarter marked significant community engagement, including events to promote the importance of sustainable water use and environmental protection.
Innovative Metering Solutions
By the end of Q2 2025, Tallinna Vesi installed smart meters for 72% of its customer base, a move that allows for better tracking of water consumption and the early detection of leaks, ultimately benefiting both the environment and customers.
Conclusion and Future Outlook
Tallinna Vesi's commitment to environmental sustainability was recognized through various accolades, including a commendation in the Corporate Social Responsibility Index. The firm plans to continue attracting talent through summer internships, providing students with valuable industry experience.
Frequently Asked Questions
What were Tallinna Vesi's sales figures for Q2?
The company reported sales of €19.4 million for the second quarter.
How did the revenue change compared to the previous year?
Revenue increased by 23.4%, which translates to an additional €3.67 million.
What are the key investments planned for 2025?
Tallinna Vesi plans to rehabilitate and construct about 45 kilometers of pipelines, focusing on innovative no-dig techniques.
How has water quality been maintained?
During the second quarter, the company maintained excellent drinking water quality, meeting all necessary quality standards.
What community initiatives is Tallinna Vesi involved in?
They organize events to raise awareness about fresh tap water and environmental protection, including public open days at facilities.
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