{"id":1047,"date":"2023-04-14T16:05:45","date_gmt":"2023-04-14T13:05:45","guid":{"rendered":"https:\/\/aastaaruanne-2022.tallinnavesi.ee\/financial-results\/"},"modified":"2023-05-02T10:52:05","modified_gmt":"2023-05-02T07:52:05","slug":"financial-results","status":"publish","type":"page","link":"https:\/\/aastaaruanne-2022.tallinnavesi.ee\/en\/financial-results\/","title":{"rendered":"Financial Results"},"content":{"rendered":"<div id=\"num-title-image-text-section-block_afde3028b76181763ff5c1b89cd30ab8\" class=\"alignwide section section--num-title-image-text section--num-title-image-text--no-text section--num-title-image-text--video\">\r\n\t<div style=\"margin-top: 200px\" class=\"container adds\">\r\n        <div class=\"section--num-title-image-text__image\">\r\n            <div class=\"main-img\">\r\n                                    <video autoplay muted loop playsinline>\r\n                        <source src=\"https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/05\/Draft1.3.mp4\">\r\n                    <\/video>\r\n                            <\/div>\r\n            <div class=\"number\">\r\n            04            <\/div>\r\n            <div class=\"title\">\r\n                <h2 class=\"h2 heading\">\r\n    \t\t\t\tFinancial results    \t\t\t<\/h2>\r\n            <\/div>\r\n        <\/div>\r\n        <div class=\"section--num-title-image-text__text\">\r\n                    <\/div>\r\n\t<\/div>\r\n<\/div>\r\n\n\n<div id=\"finantstabel\" class=\"alignwide section section--table section--table--bg-transparent\">\r\n\t<div class=\"container\">\r\n\t\t\t\t\t<h2 class=\"h2 heading\">\r\n\t\t\t\tMain financial indicators\t\t\t<\/h2>\r\n\t\t\r\n\t\t\t\t\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u20ac million,<br>except key ratios and share data<\/th><th>2022<\/th><th>2021<\/th><th>2020<\/th><th>2019<\/th><th>2018<\/th><\/tr><\/thead><tbody><tr><td>Sales<\/td><td>54,56<\/td><td>53,29<\/td><td>51,72<\/td><td>63,42<\/td><td>62,78<\/td><\/tr><tr><td>Gross profit<\/td><td>16,90<\/td><td>20,58<\/td><td>22,23<\/td><td>33,95<\/td><td>34,19<\/td><\/tr><tr><td>Operating profit before depreciation<br>and amortisation (EBITDA)<\/td><td>18,14<\/td><td>25,30<\/td><td>28,07<\/td><td>38,18<\/td><td>32,73<\/td><\/tr><tr><td>Operating profit<\/td><td>11,32<\/td><td>18,78<\/td><td>21,78<\/td><td>32,07<\/td><td>26,94<\/td><\/tr><tr><td>Operating profit &#8211; main business<\/td><td>10,33<\/td><td>17,52<\/td><td>21,32<\/td><td>31,19<\/td><td>26,22<\/td><\/tr><tr><td>Profit before taxes<\/td><td>10,65<\/td><td>18,40<\/td><td>21,34<\/td><td>31,30<\/td><td>25,95<\/td><\/tr><tr><td>Net profit<\/td><td>8,41<\/td><td>16,17<\/td><td>16,73<\/td><td>27,76<\/td><td>24,15<\/td><\/tr><tr><td>Gross profit margin %<\/td><td>30,97<\/td><td>38,61<\/td><td>42,98<\/td><td>53,53<\/td><td>54,45<\/td><\/tr><tr><td>EBITDA margin %<\/td><td>33,24<\/td><td>47,47<\/td><td>54,27<\/td><td>60,21<\/td><td>52,13<\/td><\/tr><tr><td>Operating profit margin %<\/td><td>20,75<\/td><td>35,24<\/td><td>42,12<\/td><td>50,57<\/td><td>42,91<\/td><\/tr><tr><td>Profit before taxes margin %<\/td><td>19,51<\/td><td>34,52<\/td><td>41,27<\/td><td>49,36<\/td><td>41,34<\/td><\/tr><tr><td>Net profit margin %<\/td><td>15,41<\/td><td>30,33<\/td><td>32,35<\/td><td>43,77<\/td><td>38,47<\/td><\/tr><tr><td>ROA %<\/td><td>3,30<\/td><td>6,32<\/td><td>6,45<\/td><td>10,83<\/td><td>10,10<\/td><\/tr><tr><td>Debt to total assets %<\/td><td>  56,26<\/td><td>  54,94<\/td><td>  56,09<\/td><td>  56,05<\/td><td>  58,85<\/td><\/tr><tr><td>ROE %<\/td><td>7,43<\/td><td>14,20<\/td><td>14,69<\/td><td>25,43<\/td><td>25,61<\/td><\/tr><tr><td>Current ratio<\/td><td>1,24<\/td><td>2,83<\/td><td>3,85<\/td><td>5,48<\/td><td>5,36<\/td><\/tr><tr><td>Number of full-time equivalent employees, at the end of the year<\/td><td>333<\/td><td>333<\/td><td>332<\/td><td>314<\/td><td>296<\/td><\/tr><tr><td>Share price, at the end of the year<\/td><td>12,54<\/td><td>14,48<\/td><td>13,25<\/td><td>11,70<\/td><td>9,60<\/td><\/tr><tr><td>Share capital<\/td><td>12,00<\/td><td>12,00<\/td><td>12,00<\/td><td>12,00<\/td><td>12,00<\/td><\/tr><tr><td>Earnings per share<\/td><td>0,42<\/td><td>0,81<\/td><td>0,84<\/td><td>1,39<\/td><td>1,21<\/td><\/tr><tr><td>Dividend per share<\/td><td>n\/a*<\/td><td>0,65<\/td><td>0,65<\/td><td>1,00<\/td><td>0,75<\/td><\/tr><tr><td>Cash balance, at the end of the year<\/td><td>12,65<\/td><td>36,56<\/td><td>44,51<\/td><td>64,78<\/td><td>61,77<\/td><\/tr><tr><td>Investments to fixed assets<\/td><td>25,13<\/td><td>15,38<\/td><td>19,42<\/td><td>16,09<\/td><td>10,40<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\r\n\t<\/div>\r\n<\/div>\r\n\n\n<div id=\"articles-section-block_4c7feb8810b0e6b21ba3002a865882dd\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text article--only-text-col\">\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p><em>EBITDA: Operating profit + depreciation and amortization<\/em><\/p>\n<p><em>Gross profit margin: Gross profit \/ Sales<\/em><\/p>\n<p><em>EBITDA margin: EBITDA \/ Sales<\/em><\/p>\n<p><em>Operating profit margin: Operating profit \/ Sales<\/em><\/p>\n<p><em>Profit before taxes margin: Profit before taxes \/ Sales<\/em><\/p>\n<p><em>Net profit margin: Net profit \/ Sales<\/em><\/p>\n<p><em>ROA: Net profit \/Average Total assets for the period<\/em><\/p>\n<p><em>Debt to Total capital employed: Total liabilities \/ Total capital employed<\/em><\/p>\n<p><em>ROE: Net profit \/ Average Total equity for the period<\/em><\/p>\n<p><em>Current ratio: Current assets \/ Current liabilities<\/em><\/p>\n<p><em>Main business: water services related activities, excl. connections profit and government grants, <\/em><\/p>\n<p><em>construction services, doubtful debt <\/em><\/p>\n<p><em>*Dividends for 2022 have not been declared at the time of issuing the report. <\/em><\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\t<\/div>\r\n\n\n<div id=\"sales\" class=\"alignwide section section--stat-and-text\">\r\n\t<div class=\"container\">\r\n\t\t\t\t\t<h2 class=\"h2 heading\">\r\n\t\t\t\tSales\t\t\t<\/h2>\r\n\t\t\r\n\t\t<div class=\"row section--stat-and-text__row\">\r\n\t\t\t<div class=\"col-md-5 section--stat-and-text__stat\">\r\n\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"385\" height=\"453\" src=\"https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/icon-coins-large.png\" class=\"img-responsive\" alt=\"\" srcset=\"https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/icon-coins-large.png 385w, https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/icon-coins-large-255x300.png 255w\" sizes=\"auto, (max-width: 385px) 100vw, 385px\" \/>\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<div class=\"section--stat-and-text__stat__label\">\r\n\t\t\t\t\t\tSales in 2022\t\t\t\t\t<\/div>\r\n\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<div class=\"section--stat-and-text__stat__value\">\r\n\t\t\t\t\t\t<span class=\"counter\">54.56<\/span>\r\nmln\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<div class=\"col-md-6 section--stat-and-text__text\">\r\n\t\t\t\t<div class=\"section--stat-and-text__text__wrap\">\r\n\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"h3\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/h3>\r\n\t\t\t\t\t\r\n\t\t\t\t\t<div class=\"section--stat-and-text__short-text\">\r\n\t\t\t\t\t\t<p>In 2022 the Group\u2019s total sales were \u20ac54.56 million, showing an increase of 2.4% or \u20ac1.26 million year-on-year. Sales from water services for twelve months of 2022 were 48.89 million, increasing by 8.5% or \u20ac3.83 million year-on-year. 89.6% of sales comprise of sales of water services within and outside of the service area, 8.8% from construction services and 1.6% from other services.<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\r\n\t<button type=\"button\" class=\"btn text-popup-toggle\">Read more<\/button>\r\n\r\n\t<div class=\"text-popup\">\r\n\t\t<div class=\"text-popup__wrap\">\r\n\t\t\t<div class=\"text-popup__bg\"><\/div>\r\n\t\t\t<div class=\"text-popup__content\">\r\n\t\t\t\t<div class=\"text-popup__close\">\r\n\t\t\t\t\t<button type=\"button\" class=\"btn--close\" title=\"Close\">\r\n\t\t\t\t\t\t<span><\/span>\r\n\t\t\t\t\t\t<span><\/span>\r\n\t\t\t\t\t<\/button>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t<div class=\"text-popup__pages\">\r\n\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t<div class=\"text-popup__page\">\r\n\t\t\t\t\t\t\t\t\t<p>During 2022 there has been an increase in sales to private customers by 3.4% to \u20ac20.78 million that is mainly related to on average a 23% increase in tariffs starting from 1 October 2022.<\/p>\n<p>The sales to commercial customers within the service area has increased by 16.1% to \u20ac16.74 million. The increase compared to 2021 is mainly related to an increase in consumption and partly also on average a 4% increase in tariffs in the 4th quarter of 2022.<\/p>\n<p>Sales to customers outside the main service area increased by 0.2% to \u20ac5.32 million, being impacted by an increase in the wastewater disposal service revenues.<\/p>\n<p>Sales from the operation and maintenance of storm water and fire hydrants system in the main service area in 2022 amounted to \u20ac4.64 million, showing an increase of 14.5% or \u20ac0.17 million year-on-year.<\/p>\n<p>Sales of construction services were \u20ac4.81 million, decreasing by 34.4% or \u20ac2.52 million year-on-year. The decrease was mainly related to lower pipe construction revenues accompanied by lower volume of work in first nine months. Lower sales were due to postponed procurements in the road construction from public sector due to uncertainty in the markets.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/div>\r\n<\/div>\r\n\n\n<div id=\"menu-section-block_7fb0577b51f3b091e923d5f568698311\" class=\"alignwide section section--table section--table--bg-transparent\">\r\n\t<div class=\"container\">\r\n\t\t\t\t\t<h2 class=\"h2 heading\">\r\n\t\t\t\tSales\t\t\t<\/h2>\r\n\t\t\r\n\t\t\t\t\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u20ac thousand<\/th><th>2022<\/th><th>2021<\/th><th>2020<\/th><th>Variance \u20ac<br>2021\/2022<\/th><th>Variance %<br>2021\/2022<\/th><\/tr><\/thead><tbody><tr><td>Water supply service<\/td><td>8 380<\/td><td>8 097<\/td><td>8 106<\/td><td>283<\/td><td>3,5%<\/td><\/tr><tr><td>Wastewater disposal service<\/td><td>12 406<\/td><td>12 000<\/td><td>12 048<\/td><td>406<\/td><td>3,4%<\/td><\/tr><tr class=\"table-row-spacer\"><\/tr><tr class=\"table-row-separator\"><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><\/tr><tr><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">Total from private customers<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">20 786<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">20 097<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">20 154<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">689<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">3,4%<\/mark><\/td><\/tr><tr><td>Water supply service<\/td><td>8 260<br><\/td><td>7 115<\/td><td>7 209<\/td><td>1 145<\/td><td>16,1%<\/td><\/tr><tr><td>Wastewater disposal service<\/td><td>8 480<\/td><td>7 299<\/td><td>7 417<\/td><td>1 181<\/td><td>16,2%<\/td><\/tr><tr class=\"table-row-spacer\"><\/tr><tr class=\"table-row-separator\"><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><\/tr><tr><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">Total from commercial customers<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">16 740<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">14 414<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">14 626<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">2 326<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">16,1%<\/mark><\/td><\/tr><tr><td>Water supply service<\/td><td>1 599<\/td><td>1 631<\/td><td>1 593<\/td><td>-32<\/td><td>-2,0%<\/td><\/tr><tr><td>Wastewater disposal service<\/td><td>3 525<\/td><td>3 422<\/td><td>3 298<\/td><td>103<\/td><td>3,0%<\/td><\/tr><tr><td>Stormwater disposal service<\/td><td>193<\/td><td>256<\/td><td>291<\/td><td>-63<\/td><td>-24,6%<\/td><\/tr><tr class=\"table-row-spacer\"><\/tr><tr class=\"table-row-separator\"><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><\/tr><tr><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">Total from outside service area customers<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">5 317<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">5 309<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">5 181<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">8<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">0,2%<\/mark><\/td><\/tr><tr><td>Stormwater treatment and disposal and fire hydrants service<\/td><td>4 643<\/td><td>4 010<\/td><td>4 588<\/td><td>633<\/td><td>15,8%<\/td><\/tr><tr><td>Overpollution charges and discharging<\/td><td>1 403<\/td><td>1 225<\/td><td>1 250<\/td><td>178<\/td><td>14,5%<\/td><\/tr><tr class=\"table-row-spacer\"><\/tr><tr class=\"table-row-separator\"><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><\/tr><tr><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">Total from water services<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">48 889<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">45 055<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">45 800<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">3 835<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">8,5<\/mark>%<\/td><\/tr><tr><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">Construction services<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">4 809<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">7 328<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">5 222<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">-2 519<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">-34,4%<\/mark><\/td><\/tr><tr><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">Other services<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">860<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">911<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">695<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">-51<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">-5,6%<\/mark><\/td><\/tr><tr class=\"table-row-spacer\"><\/tr><tr class=\"table-row-separator\"><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><\/tr><tr><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-blue-color\">Total revenue<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-blue-color\">54 558<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-blue-color\">53 294<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-blue-color\">51 717<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-blue-color\">1 264<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-blue-color\">2,4%<\/mark><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\r\n\t<\/div>\r\n<\/div>\r\n\n\n<div id=\"articles-section-block_ffc9dc6fc0852fabfe20485b62231ff3\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\t\t<div class=\"swiper section--articles__swiper\">\r\n\t\t\t<div class=\"swiper-wrapper\">\r\n\t\r\n\t\t\t\t\t\t\t\t\t<div class=\"swiper-slide\">\r\n\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text article--only-text-col\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tCost of goods and services sold and gross profit\t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>In 2022 the cost of goods and services sold amounted to \u20ac37.66 million, increasing by 15.1% or \u20ac4.95 million compared to the equivalent period in 2021. Total direct production costs (water abstraction charges, chemicals, electricity, and pollution tax expenses) amounted to \u20ac13.58 million, showing a 57.8% or \u20ac4.97 million increase compared to the equivalent period in 2021. Changes in direct production costs came from a combination of changes in prices and in treated volumes:<\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"swiper-slide\">\r\n\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text article--only-text-col\">\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>Chemicals costs increased by 22.8% to \u20ac2.24 million, driven mainly by on average an 23.0% higher price of methanol, accompanied by 119.6% higher usage of polymer used in wastewater treatment, worth -\u20ac0.16 million and -\u20ac0.21 million accordingly. Higher costs from wastewater treatment were partly balanced by 43.6% lower usage of antifoaming agent, worth +\u20ac0.04 million.<\/p>\n<p>Expenses for electricity increased by 100.2% or \u20ac4.62 million resulting in costs worth of \u20ac9.23 million due to on average an 61.6% higher electricity price.<\/p>\n<p>Other costs of goods sold (staff costs, depreciation, construction and asphalting services costs and other costs of goods sold) amounted to \u20ac24.07 million, being on the same level compared to 2021. The changes in other costs of goods sold were mainly driven by 36.8% or \u20ac2.20 million lower expenses related to construction services and 13.6% higher staff costs.<\/p>\n<p>The Group\u2019s profit before taxes for the 2022 gross profit for the 2022 was \u20ac16.90 million, showing a decrease of 17.9%  or \u20ac3.68 million compared to the comparative period of 2021.<\/p>\n<p>&nbsp;<\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\r\n\t\t\t\t<\/div>\r\n\t\t\t<div class=\"container container--pagination\">\r\n\t\t\t\t<div class=\"swiper-pagination\" data-label=\"Read more:\"><\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/div>\r\n\n\n<div id=\"menu-section-block_2142d9d511e0ab27854633f81c34cdc3\" class=\"alignwide section section--table section--table--bg-transparent\">\r\n\t<div class=\"container\">\r\n\t\t\r\n\t\t\t\t\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u20ac thousand<\/th><th>2022<\/th><th>2021<\/th><th>2020<\/th><th>Variance <strong>\u20ac<\/strong><br>2021\/2022<\/th><th>Variance %<br>2021\/2022<\/th><\/tr><\/thead><tbody><tr><td>Water abstraction charges<\/td><td>-1 288<\/td><td>-1 281<\/td><td>-1 237<\/td><td>-7<\/td><td>-0,5%<\/td><\/tr><tr><td>Chemicals<\/td><td>-2 238<\/td><td>-1 822<\/td><td>-1 567<\/td><td>-416<\/td><td>-22,8%<\/td><\/tr><tr><td>Electricity<\/td><td>-9 234<\/td><td>-4 612<\/td><td>-3 256<\/td><td>-4 622<\/td><td>-100,2%<\/td><\/tr><tr><td>Pollution tax<\/td><td>-823<\/td><td>-894<\/td><td>-990<\/td><td>71<\/td><td>7,9%<\/td><\/tr><tr class=\"table-row-spacer\"><\/tr><tr class=\"table-row-separator\"><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><\/tr><tr><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">Total direct production costs<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">-13 583<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">-8 609<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">-7 049<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">-4 974<\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">-57,8%<\/mark><\/td><\/tr><tr><td>Staff costs<\/td><td>-8 229<\/td><td>-7 243<\/td><td>-7 247<\/td><td>-986<\/td><td>-13,6%<\/td><\/tr><tr><td>Depreciation and amortisation<\/td><td>-5 930<\/td><td>-5 725<\/td><td>-5 521<\/td><td>-205<\/td><td>-3,6%<\/td><\/tr><tr><td>Construction services<\/td><td>-3 802<\/td><td>-5 988<\/td><td>-4 256<\/td><td>2 186<\/td><td>36,8%<\/td><\/tr><tr><td>Other costs of goods sold<\/td><td>-6 116<\/td><td>-5 150<\/td><td>-5 418<\/td><td>-966<\/td><td>-19,1%<\/td><\/tr><tr class=\"table-row-spacer\"><\/tr><tr class=\"table-row-separator\"><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><\/tr><tr><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">Total other costs of goods\/services sold<\/mark><\/strong><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\"><strong>-24 077<\/strong><\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\"><strong>-24 106<\/strong><\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\"><strong>-22 442<\/strong><\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\"><strong>29<\/strong><\/mark><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\"><strong>0,1%<\/strong><\/mark><\/td><\/tr><tr class=\"table-row-spacer\"><\/tr><tr class=\"table-row-separator\"><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><\/tr><tr><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">Total cost of goods\/services sold<\/mark><\/strong><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\"><strong>-37 660<\/strong><\/mark><\/td><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">-32 715<\/mark><\/strong><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\"><strong>-29 491<\/strong><\/mark><\/td><td><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\">-4 945<\/mark><\/strong><\/td><td><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-astv-pink-color\"><strong>-15,1%<\/strong><\/mark><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\r\n\t<\/div>\r\n<\/div>\r\n\n\n<div id=\"articles-section-block_b2610465e6b121887cd955d7cca729c0\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text article--only-text-col\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tOther income and expenses \t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>Other income and expenses in 2022 amounted to a net loss of \u20ac0.48 million compared to net income of \u20ac3.10 million in 2021.  The change was mainly impacted by freezing the reversing of provision in Q4 2021, that was formed for possible third-party claims in 2019.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\t<\/div>\r\n\n\n<div id=\"articles-section-block_fe871f15d60b21df6ff0ad1760442bd7\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text article--only-text-col\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tOperating profit\t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>The Group\u2019s operating profit for 2022 amounted to \u20ac11.32 million, being 39.7% or \u20ac7.46 million lower than in the corresponding period of 2021,  being mainly impacted by higher electricity and chemicals cost and change of provision for the possible third-party claims that was frozen in Q4 2021. Eliminating the effect of the change of provision for the possible third-party claims the operating profit for 2021 would have been \u20ac15.17 million, that is 25.4% higher compared to same period of 2022. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\t<\/div>\r\n\n\n<div id=\"articles-section-block_3edf617cc7417e6da16122d4cc955d47\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text article--only-text-col\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tFinancial expenses\t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>The Group\u2019s net financial income and expenses have resulted a net expense of \u20ac0.67 million, compared to net expense of \u20ac0.38 million in the twelve months of 2021. The increase was impacted by slightly higher interest expense on loans at the end of a year and negative interest on bank accounts in the beginning of a year.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\t<\/div>\r\n\n\n<div id=\"articles-section-block_31150fdb51a1d1747f099797267cfeeb\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text article--only-text-col\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tProfit before taxes and net profit \t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>The Group\u2019s profit before taxes for the 2022 was \u20ac10.65 million, being 42.1%  or \u20ac7.75 million lower than for the relevant period of 2021. The Group\u2019s net profit for 2022 was \u20ac8.41 million, being 48.0% or \u20ac7.76 million lower  than for the equivalent period of 2021. Eliminating the effect of the change of provision for the possible third-party claims the Group\u2019s net profit for the 2021 would have been \u20ac12.56 million, showing a decrease for 2022 by 33.0% or \u20ac4.15 million year-on-year. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\t<\/div>\r\n\n\n<div id=\"financial_position\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text col-md-6\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tStatement of financial position\t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>In 2022 the Group invested into fixed assets \u20ac25.13 million. As of 31\/12\/2022, non-current tangible assets amounted to \u20ac229.87 million,<br \/>\nthe majority of which in the amount of \u20ac186.7 million was an investment in pipes (31\/12\/2021: \u20ac167.61 million). Total non-current assets amounted to \u20ac230.55 million (31\/12\/2021: \u20ac212.27 million).<\/p>\n<p>Other income and expenses in 2022 the trade receivables, accrued income and prepaid expenses have shown a slight increase in the amount of \u20ac2.35 million to \u20ac8.99 million. An increase mainly derives by \u20ac2.04 million higher receivables from water and construction services. The collectability rate continues to be high at 99.85% compared to December 2021 when the collectability rate was the same.<\/p>\n<p>Current liabilities have increased by \u20ac3.00 million to \u20ac18.49 million compared to the end of 2021, mainly deriving from investments related increase in prepayments of new connections.<\/p>\n<p>Deferred income from connection fees has increased compared to the end of 2021 by \u20ac1.91 million to \u20ac39.15 million.<\/p>\n<p>Provision for possible third-party claims is at the same level compared to the end of 2021 on \u20ac6.02 million.<\/p>\n<p>The Group\u2019s loan balance of \u20ac80.45 million has decreased by \u20ac3.63 million in 2022. Earlier NIB loan is being returned in 11 equal semi-annual payments. The weighted average loan interest risk margin as of 31\/12\/2022 is 3.0%.<\/p>\n<p>The Group has total debt to assets level of 56.26%, in range of 54%-65%, reflecting the Group\u2019s equity profile. In the comparative period of 2021, the total debt to assets ratio was at the same range, being 54.94%.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__image col-md-6\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1120\" height=\"700\" src=\"https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/AdobeStock_136953360.jpeg\" class=\"img-responsive\" alt=\"\" srcset=\"https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/AdobeStock_136953360.jpeg 1120w, https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/AdobeStock_136953360-300x188.jpeg 300w, https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/AdobeStock_136953360-1024x640.jpeg 1024w, https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/AdobeStock_136953360-768x480.jpeg 768w\" sizes=\"auto, (max-width: 1120px) 100vw, 1120px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\t<\/div>\r\n\n\n<div id=\"investors\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text col-md-6\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tInvestors\t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>Tallinna Vesi is a listed company and its shares have been listed on Nasdaq Baltic market since 1 June 2005.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__image col-md-6\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1120\" height=\"700\" src=\"https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/AdobeStock_561407813.jpeg\" class=\"img-responsive\" alt=\"\" srcset=\"https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/AdobeStock_561407813.jpeg 1120w, https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/AdobeStock_561407813-300x188.jpeg 300w, https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/AdobeStock_561407813-1024x640.jpeg 1024w, https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/AdobeStock_561407813-768x480.jpeg 768w\" sizes=\"auto, (max-width: 1120px) 100vw, 1120px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\t<\/div>\r\n\n\n<div id=\"pie-chart-section-block_bbb848d6ea0b0bc4febbf1a424aad04f\" class=\"alignwide section section--pie-chart\">\r\n\t<div class=\"container flex\">\r\n        <div class=\"section--pie-chart__info\">\r\n        <div class=\"title\">Shareholders by type as of 31 December 2022<\/div>\r\n\r\n                \t\t\t\t<div class=\"section--pie-chart__pie-chart\">\r\n                <div class=\"square\" style=\"background-color: #20aca8;\"><\/div>\r\n                <div class=\"square-label\">Tallinn City<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n                \t\t\t\t<div class=\"section--pie-chart__pie-chart\">\r\n                <div class=\"square\" style=\"background-color: #0072ce;\"><\/div>\r\n                <div class=\"square-label\">O\u00dc Utilitas<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n                \t\t\t\t<div class=\"section--pie-chart__pie-chart\">\r\n                <div class=\"square\" style=\"background-color: #57cbe4;\"><\/div>\r\n                <div class=\"square-label\">Foreign institutional investors<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n                \t\t\t\t<div class=\"section--pie-chart__pie-chart\">\r\n                <div class=\"square\" style=\"background-color: #eed248;\"><\/div>\r\n                <div class=\"square-label\">Local retail investors<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n                \t\t\t\t<div class=\"section--pie-chart__pie-chart\">\r\n                <div class=\"square\" style=\"background-color: #fb8c7b;\"><\/div>\r\n                <div class=\"square-label\">Local institutional investors<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n                \t\t\t\t<div class=\"section--pie-chart__pie-chart\">\r\n                <div class=\"square\" style=\"background-color: #81d742;\"><\/div>\r\n                <div class=\"square-label\">Foreign retail investors<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n                            \r\n        <\/div>\r\n        <div class=\"section--pie-chart__pie\">\r\n            <div class=\"chart\">\r\n            <canvas onresize=\"responsiveFonts()\" id=\"outlabeledChart\"><\/canvas>\r\n            <\/div>\r\n\r\n            <script>\r\n            const ctx = document.getElementById('outlabeledChart');\r\n            new Chart(ctx, {\r\n                type: 'doughnut',\r\n                data: {\r\n                    labels: ['Tallinn City', \n'O\u00dc Utilitas', \n'Foreign institutional investors', \n'Local retail investors', \n'Local institutional investors', \n'Foreign retail investors', \n],\r\n                datasets: [{\r\n                    label: ' ',\r\n                    data: ['55.06' , \n'20.36' , \n'1.89' , \n'16.31' , \n'6.14' , \n'0.24' , \n],\r\n                    backgroundColor: ['#20aca8', \n'#0072ce', \n'#57cbe4', \n'#eed248', \n'#fb8c7b', \n'#81d742', \n],\r\n                    borderWidth: [0, 0, 0, 0],\r\n                    hoverOffset: 4\r\n                }]\r\n                },\r\n                options: {\r\n                    responsive: true,\r\n                    maintainAspectRatio: false,\r\n                    layout: {\r\n                        padding: {\r\n                            left:150,\r\n                            right: 185,\r\n                            bottom: 0,\r\n                            top: 10,\r\n                        },\r\n\r\n                    },\r\n                    plugins: {\r\n                    tooltip: {\r\n                        enabled: false\r\n                    },\r\n                    legend: false,\r\n                    labels: {\r\n                        render: function( data ) {\r\n                            return data.value + '%';\r\n                        },\r\n                        overlap: false,\r\n                        precision: 1,\r\n                        arc: false,\r\n                        position: 'outside',\r\n                        fontColor: ['#20aca8', \n'#0072ce', \n'#57cbe4', \n'#eed248', \n'#fb8c7b', \n'#81d742', \n],\r\n                        fontStyle: \"bold\",\r\n                        fontSize: 40,\r\n                      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chart.options.plugins.labels.fontSize = 30;\r\n                        chart.options.plugins.labels.textMargin = 15;\r\n                        chart.options.layout.padding.left = 115;\r\n                        chart.options.layout.padding.right = 140;\r\n                        chart.options.layout.padding.top = 30;\r\n                        chart.options.layout.padding.bottom = 30;\r\n\t    \t\t\t}\r\n\r\n                    if ( size.width < 451 ) {\r\n\t    \t\t\t\t\/\/ console.log(\"less than 451\");\r\n                        chart.options.plugins.labels.fontSize = 15;\r\n                        chart.options.plugins.labels.textMargin = 7;\r\n                        chart.options.layout.padding.left = 55;\r\n                        chart.options.layout.padding.right = 70;\r\n                        chart.options.layout.padding.top = 0;\r\n                        chart.options.layout.padding.bottom = 0;\r\n\t    \t\t\t}\r\n\t    \t\t},\r\n                }\r\n            });\r\n\r\n            <\/script>\r\n        <\/div>\r\n\t<\/div>\r\n<\/div>\r\n\n\n<div id=\"articles-section-block_3a442bc28dd63bd6e17f2cd776f65f32\" class=\"alignwide section section--articles section--articles--white-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text col-md-6\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tDividends\t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>ASTV aims to distribute 50-80% of the annual profit as dividends. In the Annual General Meeting held on 03\/06\/2022, the Supervisory Board proposed to pay out \u20ac0.65 per share from the 2021 profits. The pay-out is equal to 80% of earnings per share in 2021. The proposal was approved by the Annual General Meeting and the dividend pay-out was made on 29\/06\/2022.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__image col-md-6 article--graph\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div id=\"bar-line-chart-section-block_856859843f6c1092a004f93c7e079e47\" class=\"alignwide section section--bar-line-chart\">\r\n\t<canvas id=\"chart-bar-line-chart-section-block_856859843f6c1092a004f93c7e079e47\"><\/canvas>\r\n\t<script>\r\n\t\tif ( typeof astvCustomFormatBar !== 'function' ) {\r\n\t\t\tfunction astvCustomFormatBar( value ) {\r\n\t\t\t\tvalue = new Intl.NumberFormat( 'et', {} ).format( value );\r\n\t\t\t\treturn value;\r\n\t\t\t}\r\n\r\n\t\t\tfunction astvCustomFormatLine( value ) {\r\n\t\t\t\tvalue = new Intl.NumberFormat( 'et', { minimumFractionDigits: 2 } ).format( value );\r\n\t\t\t\treturn value;\r\n\t\t\t}\r\n\t\t}\r\n\r\n\t\tlet context_block_856859843f6c1092a004f93c7e079e47 = document.getElementById( 'chart-bar-line-chart-section-block_856859843f6c1092a004f93c7e079e47' );\r\n\t\tlet context_2d_block_856859843f6c1092a004f93c7e079e47 = context_block_856859843f6c1092a004f93c7e079e47.getContext( '2d' );\r\n\t\tlet bar_gradient_block_856859843f6c1092a004f93c7e079e47 = context_2d_block_856859843f6c1092a004f93c7e079e47.createLinearGradient( 0, 0, 0, 400 );\r\n\t\tbar_gradient_block_856859843f6c1092a004f93c7e079e47.addColorStop( 0, '#0D7CD8' );\r\n\t\tbar_gradient_block_856859843f6c1092a004f93c7e079e47.addColorStop( 1, '#032847' );\r\n\r\n\t\tnew Chart(context_block_856859843f6c1092a004f93c7e079e47, {\r\n\t\t\tplugins: [\r\n\t\t\t\tChartDataLabels,\r\n\t\t\t\tChartDeferred,\r\n\t\t\t],\r\n\t\t\tdata: {\r\n\t\t\t\tdatasets: [\r\n\t\t\t\t\t\t{\r\n\t\t\t\t\ttype: 'bar',\r\n\t\t\t\t\tlabel: 'Dividend per share',\r\n\t\t\t\t\tdata: [\"7201\",\"15001\",\"20001\",\"13000\",\"13000\"],\r\n\t\t\t\t\tyAxisID: 'bar',\r\n\t\t\t\t\tdatalabels: {\r\n\t\t\t\t\t\tanchor: 'end',\r\n\t\t\t\t\t\talign: 'end',\r\n\t\t\t\t\t\toffset: -50,\r\n\t\t\t\t\t\tcolor: '#ffffff',\r\n\t\t\t\t\t\tfont: {\r\n\t\t\t\t\t\t\tsize: 21,\r\n\t\t\t\t\t\t\tweight: 900,\r\n\t\t\t\t\t\t},\r\n\t\t\t\t\t\tformatter: astvCustomFormatBar\r\n\t\t\t\t\t},\r\n\t\t\t\t\tbackgroundColor: bar_gradient_block_856859843f6c1092a004f93c7e079e47,\r\n\t\t\t\t}\r\n\t\t\t\t\t\t\t\t,\r\n\t\t\t\t\t\t\t\t{\r\n\t\t\t\t\ttype: 'line',\r\n\t\t\t\t\tlabel: 'Dividend pay-out',\r\n\t\t\t\t\tdata: [\"0.36\",\"0.75\",\"1.00\",\"0.65\",\"0.65\"],\r\n\t\t\t\t\tyAxisID: 'line',\r\n\t\t\t\t\tdatalabels: {\r\n\t\t\t\t\t\tanchor: 'end',\r\n\t\t\t\t\t\talign: 'end',\r\n\t\t\t\t\t\toffset: 5,\r\n\t\t\t\t\t\tcolor: '#EF8A7C',\r\n\t\t\t\t\t\tfont: {\r\n\t\t\t\t\t\t\tsize: 21,\r\n\t\t\t\t\t\t\tweight: 900,\r\n\t\t\t\t\t\t},\r\n\t\t\t\t\t\tformatter: astvCustomFormatLine\r\n\t\t\t\t\t},\r\n\t\t\t\t\tpointBackgroundColor: '#57CBE4',\r\n\t\t\t\t\tpointRadius: 15,\r\n\t\t\t\t\tpointBorderWidth: 0,\r\n\t\t\t\t\tpointHoverBackgroundColor: '#57CBE4',\r\n\t\t\t\t\tpointHoverRadius: 15,\r\n\t\t\t\t\tpointHoverBorderWidth: 0,\r\n\t\t\t\t\tborderWidth: 1,\r\n\t\t\t\t\tborderColor: '#EF8A7C',\r\n\t\t\t\t}\r\n\t\t\t\t\t\t],\r\n\t\t\t\tlabels: [\"2018\",\"2019\",\"2020\",\"2021\",\"2022\"],\r\n\t\t\t},\r\n\t\t\toptions: {\r\n\t\t\t\tscales: {\r\n\t\t\t\t\tbar: {\r\n\t\t\t\t\t\tdisplay: false,\r\n\t\t\t\t\t\taxis: 'y',\r\n\t\t\t\t\t\tmin: 0,\r\n\t\t\t\t\t\tmax: 25001.25,\r\n\t\t\t\t\t},\r\n\t\t\t\t\tline: {\r\n\t\t\t\t\t\tdisplay: false,\r\n\t\t\t\t\t\taxis: 'y',\r\n\t\t\t\t\t\tmin: 0,\r\n\t\t\t\t\t\tmax: 1.1,\r\n\t\t\t\t\t},\r\n\t\t\t\t\tx: {\r\n\t\t\t\t\t\tgrid: {\r\n\t\t\t\t\t\t\tdisplay: false\r\n\t\t\t\t\t\t},\r\n\t\t\t\t\t\tticks: {\r\n\t\t\t\t\t\t\tpadding: 10,\r\n\t\t\t\t\t\t\tcolor: '#EF8A7C',\r\n\t\t\t\t\t\t\tfont: {\r\n\t\t\t\t\t\t\t\tsize: 29,\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t},\r\n\t\t\t\t\t\tborder: {\r\n\t\t\t\t\t\t\tcolor: '#57CBE4',\r\n\t\t\t\t\t\t\twidth: 2,\r\n\t\t\t\t\t\t}\r\n\t\t\t\t\t},\r\n\t\t\t\t},\r\n\t\t\t\tplugins: {\r\n\t\t\t\t\tlegend: {\r\n\t\t\t\t\t\tposition: 'bottom',\r\n\t\t\t\t\t\tlabels: {\r\n\t\t\t\t\t\t\tfont: {\r\n\t\t\t\t\t\t\t\tfamily: 'DIN',\r\n\t\t\t\t\t\t\t\tweight: 300,\r\n\t\t\t\t\t\t\t\tsize: 29,\r\n\t\t\t\t\t\t\t},\r\n\t\t\t\t\t\t\tcolor: '#043864',\r\n\t\t\t\t\t\t\tusePointStyle: true,\r\n\t\t\t\t\t\t\tpadding: 30,\r\n\t\t\t\t\t\t},\r\n\t\t\t\t\t},\r\n\t\t\t\t},\r\n\t\t\t\tanimation: {\r\n\t\t\t\t\tduration: 1500,\r\n\t\t\t\t\tdelay: 500,\r\n\t\t\t\t},\r\n\t\t\t\tfont: {\r\n\t\t\t\t\tfamily: 'Nexa',\r\n\t\t\t\t\tweight: 900,\r\n\t\t\t\t},\r\n\t\t\t\ttransitions: {\r\n\t\t\t\t\tactive: {\r\n\t\t\t\t\t\tanimation: {\r\n\t\t\t\t\t\t\tduration: 0\r\n\t\t\t\t\t\t}\r\n\t\t\t\t\t}\r\n\t\t\t\t},\r\n\t\t\t\tlayout: {\r\n\t\t\t\t\tpadding: {\r\n\t\t\t\t\t\ttop: 30,\r\n\t\t\t\t\t}\r\n\t\t\t\t},\r\n\t\t\t\tonResize: function( chart, size ) {\r\n\t\t\t\t\t\/\/ console.log( chart );\r\n\t\t\t\t\t\/\/ console.log( size );\r\n\r\n\t\t\t\t\t\/\/ desktop\r\n\t\t\t\t\tif ( size.width >= 800 ) {\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.font.size = 29;\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.padding = 10;\r\n\r\n\t\t\t\t\t\tchart.data.datasets.forEach( function( element, index ) {\r\n\t\t\t\t\t\t\tif ( element.type == 'bar' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 21;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = -50;\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t\telse if ( element.type == 'line' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 21;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = 5;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointRadius = 15;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointHoverRadius = 15;\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t} );\r\n\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.font.size = 29;\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.padding = 50;\r\n\t\t\t\t\t}\r\n\r\n\t\t\t\t\t\/\/ laptop\r\n\t\t\t\t\tif ( size.width < 800 ) {\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.font.size = 18;\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.padding = 4;\r\n\r\n\t\t\t\t\t\tchart.data.datasets.forEach( function( element, index ) {\r\n\t\t\t\t\t\t\tif ( element.type == 'bar' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 13;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = -30;\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t\telse if ( element.type == 'line' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 13;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = 0;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointRadius = 9;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointHoverRadius = 9;\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t} );\r\n\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.font.size = 19;\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.padding = 30;\r\n\t\t\t\t\t}\r\n\r\n\t\t\t\t\t\/\/ phone\r\n\t\t\t\t\tif ( size.width < 520 ) {\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.font.size = 14;\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.padding = 3;\r\n\r\n\t\t\t\t\t\tchart.data.datasets.forEach( function( element, index ) {\r\n\t\t\t\t\t\t\tif ( element.type == 'bar' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 11;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = -30;\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t\telse if ( element.type == 'line' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 11;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = 0;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointRadius = 6;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointHoverRadius = 6;\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t} );\r\n\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.font.size = 14;\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.padding = 20;\r\n\t\t\t\t\t}\r\n\r\n\t\t\t\t\t\/\/ small phone\r\n\t\t\t\t\tif ( size.width < 440 ) {\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.font.size = 10;\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.padding = 2;\r\n\r\n\t\t\t\t\t\tchart.data.datasets.forEach( function( element, index ) {\r\n\t\t\t\t\t\t\tif ( element.type == 'bar' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 10;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = -20;\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t\telse if ( element.type == 'line' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 10;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = 0;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointRadius = 4;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointHoverRadius = 4;\r\n\t\t\t\t\t\t\t}\r\n\r\n\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.weight = 700;\r\n\t\t\t\t\t\t} );\r\n\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.font.size = 10;\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.padding = 6;\r\n\t\t\t\t\t}\r\n\r\n\t\t\t\t\t\/\/ tablet landscape\r\n\t\t\t\t\tif ( size.width == 456 ) {\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.font.size = 14;\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.padding = 3;\r\n\r\n\t\t\t\t\t\tchart.data.datasets.forEach( function( element, index ) {\r\n\t\t\t\t\t\t\tif ( element.type == 'bar' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 11;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = -30;\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t\telse if ( element.type == 'line' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 11;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = 0;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointRadius = 6;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointHoverRadius = 6;\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t} );\r\n\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.font.size = 14;\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.padding = 20;\r\n\t\t\t\t\t}\r\n\r\n\t\t\t\t\t\/\/ tablet portrait\r\n\t\t\t\t\tif ( size.width == 336 ) {\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.font.size = 14;\r\n\t\t\t\t\t\tchart.options.scales['x'].ticks.padding = 3;\r\n\r\n\t\t\t\t\t\tchart.data.datasets.forEach( function( element, index ) {\r\n\t\t\t\t\t\t\tif ( element.type == 'bar' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 11;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = -23;\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t\telse if ( element.type == 'line' ) {\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.font.size = 11;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].datalabels.offset = 0;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointRadius = 6;\r\n\t\t\t\t\t\t\t\tchart.data.datasets[ index ].pointHoverRadius = 6;\r\n\t\t\t\t\t\t\t}\r\n\t\t\t\t\t\t} );\r\n\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.font.size = 12;\r\n\t\t\t\t\t\tchart.options.plugins.legend.labels.padding = 10;\r\n\t\t\t\t\t}\r\n\t\t\t\t}\r\n\t\t\t}\r\n\t\t});\r\n\t<\/script>\r\n<\/div>\r\n\n\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\t<\/div>\r\n\n\n<div id=\"articles-section-block_e46a2b41133a7610543142b20a7ea374\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text article--only-text-col\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tShare price\t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>As of 31\/12\/2022, the closing price of AS Tallinna Vesi\u2019s share was \u20ac12.54, which is 13.40% lower (2021: +9.28%) compared to the closing price of \u20ac14.48 at the end of the previous year. During the 2022, the OMX Tallinn index dropped by 11.71% (2021: +48.92%).<\/p>\n<p>In twelve months of 2022, 20,167 transactions were made with the Company\u2019s shares (2021: 22,333 deals) during which 542 thousand shares or 2.7% of all shares changed owners (2021: 947 million shares or 4.7%).<\/p>\n<p>The turnover of transactions amounted to \u20ac7.30 million, being \u20ac6.29 million lower than in the comparative period of 2021.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\t<\/div>\r\n\n\n<div id=\"watercom_eng\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text col-md-6\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tActivities of the subsidiary Watercom O\u00dc\t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>Watercom delivered more sales and profit than ever before, and achieved the challenging target set for external profit. The biggest contribution to external profit came from the road construction activity, which for the first time outperformed the contribution from the pipe construction. In 2022, the company successfully launched a new manhole repair service and at the end of the year an ice pigging equipment was delivered, which allows to clean water pipes by applying the most innovative technique.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__image col-md-6\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1120\" height=\"712\" src=\"https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/Bobcatiga-freesi-jarelt-koristamine-2-2.jpg\" class=\"img-responsive\" alt=\"\" srcset=\"https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/Bobcatiga-freesi-jarelt-koristamine-2-2.jpg 1120w, https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/Bobcatiga-freesi-jarelt-koristamine-2-2-300x191.jpg 300w, https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/Bobcatiga-freesi-jarelt-koristamine-2-2-1024x651.jpg 1024w, https:\/\/aastaaruanne-2022.tallinnavesi.ee\/wp-content\/uploads\/2023\/04\/Bobcatiga-freesi-jarelt-koristamine-2-2-768x488.jpg 768w\" sizes=\"auto, (max-width: 1120px) 100vw, 1120px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\t<\/div>\r\n\n\n<div id=\"articles-section-block_38857cf32cb983c2dc8ec86a7a813efa\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text article--only-text-col\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tPipe and road construction\t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>The main activity of Watercom in 2022 was the construction of water and wastewater networks for developers, water companies and private individuals.  As in previous years, the focus was on feasible construction projects and procurements in Tallinn and elsewhere in Estonia, mainly in Harju and Rapla counties.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\r\n\t<\/div>\r\n\n\n<div id=\"articles-section-block_cf684f184841f812656054076b88180e\" class=\"alignwide section section--articles section--articles--image-size-big section--articles--transparent-bg\">\r\n\t\r\n\t\t\t\t\t\r\n\t\t\t\t<div class=\"container-fluid\">\r\n\t\t\t\t\t<div class=\"article row\">\r\n\t\t\t\t\t\t<div class=\"article__text article--only-text-col\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h2 class=\"article__title h2\">\r\n\t\t\t\t\t\t\t\t\tOther services\t\t\t\t\t\t\t\t<\/h2>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"article__content\">\r\n\t\t\t\t\t\t\t\t\t<p>During 2022, Watercom carried out several supervision contracts for various real estate developers in Tallinn and surrounding municipalities. Jet washing and transportation services are mostly provided within the Group but are also available to external customers. 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