Annual Financial Report
AS Tallinna Vesi Supervisory Council confirmed 2018 financial results
The Supervisory Council of AS Tallinna Vesi approved the audited financial results for the year 2018. The financial results remained unchanged compared to the preliminary disclosure on 25th January 2019.
The Company’s total sales revenue for 2018 was €62.78 million, showing an increase of 5.0% or €2,97 million year-on-year. Sales from water and wastewater services increased 2.5% amounting to €53.53 million. Sales of construction, design and asphalting services were €6.00 million, increasing by 40.0% or €1.71 million year-on-year.
AS Tallinna Vesi’s 2018 operating profit was €26.94 million, increasing by 147.9% or by €16.07 million compared to 2017. The increase was mainly impacted by lower expense for provision formed for possible third-party claims.
Audited financial results for the year 2018 have been included as an attachment to current announcement and our yearbook can be found on our webpage.
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