Estonia, Markets and Companies, Water

AS Tallinna Vesi's audited results for 2009 demonstrated that the company's operating profit from water and wastewater related activities increased by 9.8% to 414.4 million kroons year-on-year, while operating profits from other activities increased by 70.2% to 47.5 million kroons. The company invested 251.6 million kroons in 2009.

AS Tallinna Vesi laid 43km of new sewerage pipes instead of the planned 39km in 2009, thus giving nearly 1,500 families the opportunity to access the public sewerage network including over 200 customers who have been given the chance to connect to the network a year earlier than planned due to the additional pipe constructed.

During the twelve months of 2009 the company's total sales increased, year on year, by 7.3% to 772.4 mln kroons. Sales of water and wastewater treatment were 707.4 mln kroons, a 7.5% increase compared to the twelve months of 2008. The company's net profit for the twelve months of 2009 was 339.9 mln kroons, which is 14.9% higher than the net profit of 296.0 mln kroons in the equivalent period in 2008.

AS Tallinna Vesi invested 251.6 million kroons in 2009, of which 208.7 million kroons were invested into networks, 17.4 million kroons in the Paljassaare wastewater treatment plant, 6.4 million kroons into water quality and 19.1 millions kroons into other investments.