Back to Homepage
Infortar increased its revenue by 13% in the first quarter to EUR 505 million. The company’s profit amounted to EUR 5 million, and EBITDA reached EUR 47 million. The Group’s equity amounted to EUR 1.236 billion, total assets to EUR 2.659 billion and investments to EUR 29 million. Infortar’s borrowings decreased by 7% to EUR 1.032 billion, and net debt decreased by 16% to EUR 800 million.
A recording of the webinar presenting the first-quarter results is available HERE.
According to Ain Hanschmidt, CEO of Infortar, the improvement across all of the Group’s key financial indicators has been driven by organic growth in day-to-day business activity and volumes. “Over the past year, we have further reduced our already low debt burden. A strong balance sheet and solid liquidity give us a secure financial position and room to grow even in more challenging conditions,” Hanschmidt noted.
“We have built a portfolio that does not rely on any single sector or market. Energy, maritime transport, real estate and agriculture perform differently across economic cycles, and that diversification is what gives the Group stability. In a changing environment, it helps us balance risk and maintain steady cash flows,” Hanschmidt said.
“Changes in Tallink Grupp’s management have brought fresh momentum, and we are entering the peak summer season on the Baltic Sea with confidence. In real estate and construction, projects are progressing well: the Rail Baltica project continues to move forward, the Halinga green gas plant in Pärnu County is nearing completion, concrete works are actively underway at the Depo store development in Lasnamäe, Tallinn, the arches of the Sindi–Lodja bridge have been installed in Paikuse, a topping-out ceremony was held at INF Ehitus’s new production facility, and the newly renovated Tallink Express Hotel has reopened,” Hanschmidt added.
