The Management Board of AKTSIASELTS TALLINNA VESI (registry code 10257326, address Ädala 10, 10614 Tallinn) (hereinafter also the „Company") introduces to the shareholders the draft resolutions for adoption without convening an extraordinary general meeting in accordance with article 6.2.10 of the Articles of Association of the Company and § 299¹ of the Commercial Code. 

Harju County Court has accepted AS Tallinna Sadam claim against AS Tallinna Vesi for the compensation of an allegedly overpaid price for the consumed water services, which Tallinna Vesi does not consider justified. 

On 13 December, the Supervisory Council of Tallinna Vesi approved the company's investment plan for 2025, with planned investments amounting to €61 million.  

The Competition Authority has accepted Tallinna Vesi's application to change the prices for water supply service, price change is subject to Competition authority approval and expected to take affect during 2025. The change follows from the obligation imposed by law to harmonise the price of the service for private and business customers and reflects the need for continued investment to ensure clean drinking water and the environment and continuity of services.

Today, on 1 November 2024, AS Tallinna Vesi held an investor conference webinar where Chairman of the Management Board, Chief Executive Officer Aleksandr Timofejev, and Member of the Management Board, Chief Financial Officer Taavi Gröön, introduced the performance of the 3^rd quarter and 9 months of 2024.

AS Tallinna Vesi’s sales for the third quarter of this year amounted to €16.22 million, which is 3.9% more than in the same period last year. Net profit was €3.93 million, decreasing by €0.12 million mainly due to the increase in interest costs.

AS Tallinna Vesi invites its shareholders, investors, analysts, and other stakeholders to join its investor conference webinar, introducing the results for the 3^rd quarter and 9 months of 2024.

Due to the increase in the price of electricity, Tallinna Vesi has applied to the Competition Authority to revise the prices for water services. The price change will take effect on 1 November and will amount to an average of one cent per cubic metre. 

Today, on 2 August 2024, AS Tallinna Vesi held an investor conference webinar where Chairman of the Management Board, Chief Executive Officer Aleksandr Timofejev, and Member of the Management Board, Chief Financial Officer Taavi Gröön, introduced the performance of the 2^nd quarter and 6 months of 2024.

AS Tallinna Vesi’s sales in the second quarter of this year were €15.5 million, remaining at the level of the same period last year. The company’s operating profit for the second quarter was €4.46 million, an increase of 8%, and its net profit was €2.19 million, a decrease of 5.2%, mainly due to an increase in the interest cost on loans.

AS Tallinna Vesi invites its shareholders, investors, analysts, and other stakeholders to join its investor conference webinar, introducing the results for the 2^nd quarter and 6 months of 2024.

AS Tallinna Vesi added sustainability criteria to its syndicated loan agreement to support the company’s strategic objectives, with SEB Estonia acting as the sustainability coordinator for the loan.
The syndicated loan agreement of Tallinna Vesi includes sustainability criteria, together with annual targets of the company focusing on the environmental, social and governance (ESG) topics. Following this amendment, approximately 82% of Tallinna Vesi’s total loans will be green and sustainability-related instruments, underlining the strength of the company’s sustainability strategy and providing a solid foundation for future projects.
“The climate situation and its impact on the water system underlines the need for additional measures in the water sector,” said Taavi Gröön, CFO of Tallinna Vesi. “The sustainability-related addition to the 2023 contract perfectly supports Tallinna Vesi’s strategy to be part of the natural water cycle – to provide customers with clean drinking water that they can use with confidence, knowing that this water will be returned to nature in the purest possible form,” Gröön said.
The syndicated loan signed in May 2023 with SEB Pank AS, Swedbank AS and the Estonian branch of OP Corporate Bank plc is supporting Tallinna Vesi’s investments in the water network and water treatment plant, as well as in wastewater collection and wastewater treatment plant. The investments are essential to reduce the environmental impact of water consumption, ensure the continuity of vital services and contribute to sustainable urban development.
The interest margin on the loan will depend on Tallinna Vesi’s achievement of specific sustainability targets related to renewable electricity production, reduced electricity consumption and minimised water losses.
The inclusion of sustainability targets in loan agreements will not bring significant financial implications. The syndicated loan amounts to €91 million, of which €37.5 million was disbursed in 2023.

The City of Tallinn appointed Karolina Ullman as a member of the Supervisory Council of AS Tallinna Vesi, whose term of office in the company's Supervisory Council shall be effective from 01/07/2024 to 30/06/2027.

Today, the Supreme Court made a judgment by which annulled the decisions made by the lower courts in this case and sent the case back to the same county court for a new review.

AS Tallinna Vesi (trading code TVE1T, ISIN code EE3100026436) will close the list of shareholders for dividend payment on 19 June 2024 at the end of the working day of the settlement system.

The Management Board of AS Tallinna Vesi (hereinafter the Company) convened the Annual General Meeting of Shareholders with the proposal for the resolutions set out below to be adopted by shareholders. The notice about convening the Annual General Meeting was published in the stock exchange information system and on the Company´s website on 08 May 2024 and in the daily newspaper Postimees.

The Management Board of AS TALLINNA VESI (registry code 10257326, Ädala 10, 10614 Tallinn) (hereinafter also “the Company”) announces that the Annual General Meeting of Shareholders of the Company will be held on Thursday, 30 May 2024 at 10:00 (UTC+3) in the Blue Auditorium at the Water Treatment Plant at Ülemiste (Address: Järvevana Road 3, Tallinn, Estonia). Registration of the shareholders wishing to participate in the Annual General Meeting in person, will start at 09:30 (UTC+3) on 30 May 2024 at the place of the General Meeting. Registration will end at 10:00 (UTC+3). We kindly ask shareholders and their representatives to arrive as early as necessary, considering the time required to register participants. The organizers of the meeting have the right not to take into account late requests to register and attend the meeting.

Today, on 3 May 2024, AS Tallinna Vesi held an investor conference webinar where Chairman of the Management Board, Chief Executive Officer Aleksandr Timofejev, and Member of the Management Board, Chief Financial Officer Taavi Gröön, introduced the performance of the 1^st quarter and 3 months of 2024.

AS Tallinna Vesi’s sales revenue increased by 2% in the first quarter of this year compared to the same period last year, reaching €14.94 million. The increase in sales revenue was driven by the company’s core business of providing water services, but this did not compensate for the rise in interest expenses and the company’s net profit fell to €3.01 million.