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A year after debuting on the stock exchange, Infortar has become one of the most valuable companies on the Tallinn Stock Exchange. Infortar's stock has been the best performer on the main list, with the company’s value increasing by two-thirds over the year to reach €918 million.
“When we listed, we promised a growth and dividend stock, and today we have delivered on both promises. Infortar has gained momentum from going public, expanding both in existing and new markets and sectors, while paying solid dividends to nearly 6,000 shareholders. Infortar's goal is to build a crisis- and inflation-resistant company. Our investment portfolio must be balanced and diversified. We are seeking growth and aim to export our proven business model and expertise beyond the Finland-Baltic region to Poland, Germany, and the Benelux countries,” said Ain Hanschmidt, CEO of Infortar.
This year, Infortar has made three major investments. In the spring, the company entered the agriculture sector by acquiring one of Estonia’s largest dairy farms in Halinga and is building a biomethane plant next to the farm to produce green gas. In early summer, the group invested €110 million in Tallink shares, increasing its stake in Tallink to 68.5%. In the autumn, its subsidiary Elenger signed a €120 million agreement with the German energy group EWE AG to acquire EWE’s entire Polish operations. The deal includes a natural gas distribution network in Western Poland and all energy sales business lines. Over the past two years, Infortar has invested nearly €450 million in total.
In the first nine months of this year, Infortar’s consolidated revenue reached €926 million, with a net profit of €187 million and investments totaling €138 million. Following the acquisition of a majority stake in Tallink, the company’s total assets amount to €2.5 billion. The company has paid €61 million in dividends.
Since the end of last year, Infortar's stock has been listed on the Tallinn Stock Exchange. A total of 5,517 retail investors from Estonia and professional investors from Europe participated in the company's initial public offering (IPO), with total subscription orders amounting to €41.4 million, 1.3 times the base offering size. Infortar's first trading day was December 14. The IPO was the largest in the Baltics in the past three years.
