AS Tallinna Vesi’s 2013 operating profit decreased by 14%, while sales revenues have remained stable

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| Source: Tallinna Vesi
multilang-release

The Company’s total sales for 2013 increased by 0,3%, to 53,1 million euros, compared to 2012. In the 4th quarter of 2013 the Company’s total sales remained stable compared to the same period of 2012, increasing by 0,5%, to 13,8 million euros.

The Company’s total operating profit decreased by 14%, from 28,8 million euros to 24,8 million euros, compared to the previous year. In the 4th quarter of 2013 the operating profit decreased by 23,6% to 6,55 million euros, compared to the 4th quarter of 2012. 2,02 million euros decrease was mostly affected by the fact that the extension program of water and wastewater network was finished in 2012 and in 2013 there was no income for the compensation for pipes.

The Company is continuously committed to consistent improvement of operational and quality indicators, as well as providing reliable service to the customers. Despite of the fact, that the tariffs have been frozen, the operational performance of 2013 is still very good, including the highest ever standards for water quality.

The Company has continuously stated its belief in fully transparent regulation and its willingness to enter into meaningful and evidence-based dialogue that takes into account the privatization contract signed in 2001. The date of the next court hearing is not set.

         Mariliis Mia Topp
         AS Tallinna Vesi
         Head of Communications
         Tel: (+372)62 62 275
         mariliismia.topp@tvesi.ee