AS Tallinna Vesi Supervisory Council confirmed 2015 financial results


The Supervisory Council of AS Tallinna Vesi approved the audited financial results for the year 2015. The financial results remained unchanged compared to the preliminary disclosure on 29th of January 2016.

AS Tallinna Vesi’s 2015 total sales were EUR 55.93 million, showing an increase by 5.0% or EUR 2.69 million year on year. Sales from water and wastewater services were EUR 49.30 million, increasing 1.4% or EUR 0.70 million compared to the twelve months of 2014. Sales of construction, design and asphalting services were EUR 2.72 million, increasing by 188.9% or EUR 1.78 million year on year, showing significant increase within a year.

AS Tallinna Vesi’s 2015 operating profit was EUR 25.6 million, increasing by 3.0% or by 0.8 million euros compared to 2014. Increase in total sales and savings in direct production costs are balanced by the increase in salary costs and continuously high legal costs related to the tariff disputes.

Please find an audited financial results for the year 2015 here.