Annual Report Overview from Tallinna Vesi
The Supervisory Council of AS Tallinna Vesi has recently approved the audited annual report for 2024, which will soon be presented to the shareholders at the Annual General Meeting for their approval. The financial highlights remain consistent with previous unaudited results, showcasing the company's steady performance.
One key takeaway from the report is that Tallinna Vesi has achieved remarkable sales, with their fourth-quarter sales reaching €17.67 million – a testament to the company's robust operational effectiveness.
Dividend Policy Details
Tallinna Vesi has developed a clear dividend policy that is designed to inspire investor confidence. This policy aims to distribute between 50% to 80% of the company's annual profits as dividends, reflecting a commitment to share financial success with stakeholders. Factors influencing this distribution include the overall earnings, the company's investment requirements, liquidity, and long-term financial goals.
The Management Board proposes that for 2024, a total of €10,600 thousand from the consolidated retained earnings will be distributed as dividends. This will translate into a dividend of €0.53 per share for shareholders. The remaining retained earnings will remain undistributed, while no allocations will be made to the reserve capital.
Shareholder Information and Dividend Distribution Timelines
To be eligible for dividends, shareholders must hold stocks by the end of the business day on the specified record date. This year, the record date is set for 10 June 2025, with the ex-day being one day prior, on 09 June 2025. As such, individuals purchasing shares after this date will not be entitled to dividends for 2024. The actual dividend disbursement is scheduled for 17 June 2025.
Future Prospects for Tallinna Vesi
As Tallinna Vesi moves forward, its distinct vision and strategic planning in their dividend policy signal a commitment to maintaining a growth trajectory while ensuring shareholders are rewarded. This relay of information underlines the leadership's transparency and the prudent management of the company's resources to sustain its mission in providing high-quality water services.
For stakeholders seeking detailed insights, the audited report is available for review. The report includes comprehensive financial data and the independent auditor's report, ensuring clarity and confidence in the company's financial statements.
More queries may be directed to:
Taavi Gröön
Chief Financial Officer
AS Tallinna Vesi
(372) 62 62 200
Frequently Asked Questions
What were Tallinna Vesi's sales figures for 2024?
Tallinna Vesi's sales for the fourth quarter of 2024 amounted to €17.67 million.
What is Tallinna Vesi's dividend policy?
The company aims to distribute between 50% to 80% of its annual profits as dividends to shareholders.
When will dividends be paid to shareholders?
Dividends are scheduled to be paid on 17 June 2025.
What is the proposed dividend per share for 2024?
The proposed dividend per share for 2024 is €0.53.
How can shareholders participate in the dividend distribution?
Shareholders must own the shares by the close of business on the record date, 10 June 2025 to be eligible for dividends.
