AS Tallinna Vesi Supervisory Council confirmed 2016 financial results

The Supervisory Council of AS Tallinna Vesi approved the audited financial results for the year 2016. The financial results remained unchanged compared to the preliminary disclosure on 27th of January 2017.

AS Tallinna Vesi’s 2016 total sales were EUR 58,98 million, showing an increase by 5.5% or EUR 3.05 million year on year. Sales from water and wastewater services increased 1.8% or EUR 0.90 million, amounting to EUR 50.20 million. Sales of construction, design and asphalting services were EUR 4.51 million, increasing by 65.6% or EUR 1.79 million year on year.

AS Tallinna Vesi’s 2016 operating profit was EUR 24.63 million, decreasing by 3.7% or by 0.95 million euros compared to 2015. Increase in total sales and savings in chemicals costs are balanced by increase in other direct production and salary costs, higher construction and asphalting services related costs and continuously high legal costs related to the tariff disputes.

Please find the audited financial results for the year 2016 on the Financial Reports page.

Riina Käi

AS Tallinna Vesi

Chief Financial Officer

Ph: (+372) 62 62 262