Tallinna Sadam Reports Impressive Operational Results for 2024

Tallinna Sadam's Operational Excellence in 2024

In the last quarter of 2024, a remarkable 1.9 million passengers and 3.4 million tons of cargo moved through the harbors of Tallinna Sadam. This represents a notable increase in the number of passengers, up by 4.8% compared to the previous year, bolstered by services from Finnish lines, alongside an impressive 11.7% rise in cargo volumes, predominantly from dry bulk and containers. Vessel calls witnessed a similar upward trend, increasing by 4.8% and reaching a total of 1,857 calls. Passenger travel between the Estonian mainland and the islands also flourished, with a 4.3% increase in passenger numbers and a 6% rise in vehicle transport.

Annual Performance Highlights

Throughout 2024, Tallinna Sadam facilitated over 13 million tons of cargo and served 8 million passengers. The yearly cargo volume saw a consistent increase of 4.4%, while passenger numbers rose by 3.6%. The number of vessel calls also grew modestly, rising by 1.4% to 7,127 visits. This growth is further emphasized by the 2.1% increase in island-bound passengers and a 3.6% increase in vehicles.

Operational Insights from Management

Valdo Kalm, Chairman of the Management Board of Tallinna Sadam, expressed satisfaction with these results, noting, "The fourth quarter has showcased positive trends in operational volumes. Cargo flows have undeniably increased, with a total uptick of 12%. Dry bulk, particularly grain and crushed stone, led this surge. Trends in containers and ro-ro traffic also continued to show growth, indicating a healthy import-export climate. There was an 18.5% rise in cargo ship visits. The 5% growth in passenger traffic is also commendable, and we proudly welcomed cruise passengers during the Christmas season again. The overall outcomes in passenger ferry shipping are promising."

Reflections on Success

Kalm further reflected on the year, stating, "2024 is marked as a successful year for us in operational volumes. The recovery trajectory of cargo volumes is clear, and our results have surpassed expectations. The overall increase in passenger numbers aligns well with our predictions, and we are also pleased to note the rise in cruise ship visits."

Further Insights and Statistics Breakdown

The operational statistics for Tallinna Sadam indicate robust growth and increasing efficiency. In the preliminary data for Q4 2024, Total cargo volumes include:

• Cargo volume for Q4 noted at 3,409 thousand tons, up 11.7% from 3,052 thousand tons in Q4 2023.
• Annual cargo volume for 2024 reached 13,134 thousand tons, representing a 4.4% increase from 12,586 thousand tons in 2023.

Passenger traffic also saw positive results:

• Q4 saw 1,857 thousand passengers, up 4.8% from 1,771 thousand a year ago.
• The total for 2024 was 8,201 thousand passengers, increasing by 3.6% from 7,918 thousand passengers in 2023.

Insights into Vessels and Traffic

When examining vessel traffic, a total of 1,774 vessel calls were recorded in Q4, a 4.8% rise from 1,693 in the same period last year. Total vessel visits for the year reached 7,127, slightly up by 1.4% from 7,026 in 2023.

Including:

• 372 cargo vessels noted an 18.5% increase.
• Passenger vessels showed a modest increase of 1.2% with a total of 1,395 calls.
• Seven cruise vessels made their presence felt, a resurgence after previous challenges.

Contact Information and Future Outlook

For further inquiries, please reach out to:

Angelika Annus
Head of Investor Relations
Tel. +372 5649 6230
Email: angelika.annus@ts.com

Frequently Asked Questions

What were the main highlights of Tallinna Sadam's Q4 2024 performance?

The fourth quarter highlighted a growth of 4.8% in passenger numbers and an increase of 11.7% in cargo volume, showcasing strong operational gains.

How did 2024 compare to the previous year in terms of traffic?

2024 experienced a 4.4% rise in cargo volumes and a 3.6% increase in passenger numbers compared to 2023, reflecting consistent growth.

What factors contributed to the increase in cargo and passenger numbers?

Strong demand across various routes and ongoing improvements in service offerings have played a key role in enhancing traffic numbers.

What is the outlook for Tallinna Sadam in the upcoming year?

The management anticipates continued growth in both passenger and cargo metrics due to robust operational strategies and enhanced services.

Who can I contact for investor relations at Tallinna Sadam?

Angelika Annus serves as the Head of Investor Relations and can be reached at +372 5649 6230 or via email at angelika.annus@ts.com.

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