Infortar's sales revenue increased to 1.837 billion euros in the previous year, a rise of over a third compared to the previous year, with a net profit of around 72 million euros.
Infortar, the Estonian group, reported an impressive annual turnover of 1.837 billion euros for the last year, marking a substantial increase of more than 33% compared to the prior year. The net profit for the same period was approximately 72 million euros. This growth emphasizes the company's strong market position and operational performance, which were further bolstered by significant investments in previous years.
The company attributed this growth in EBITDA to several key factors, including the consolidation of Tallink Group's results over the entire 12-month period. In addition, there was a notable improvement of around 12 million euros in Elengeri's EBITDA, alongside the integration of agricultural sector entities such as Estonia Farms and Halinga into their consolidation group. This strategic consolidation reflects Infortar's commitment to diversifying and strengthening its business portfolio.
Infortar's executives noted that previous massive investments have made the company financially more robust and have increased and standardized the group’s cash flows. The company successfully reduced its debt burden and improved its liquidity, forecasting further advancements in EBITDA as a primary performance indicator for the upcoming years. These developments highlight Infortar's positive trajectory in Estonia's economic landscape, and position the firm favorably for future growth.
