Frequently asked questions & Answers


 

About Tallink

Q: When was Tallink Grupp formed?
A: The origins of the Tallink brand date back to 1989, when a company named Tallink was founded as a Finnish-Soviet joint venture. However, the roots of Silja Line, owned by Tallink Grupp, go back to 1883. More information on the company’s history is available at www.tallink.com/history.
 
Q: What are Tallink’s main areas of activity?
A: Tallink Grupp is the leading provider of high-quality mini-cruise and passenger transport services in the northern Baltic Sea region, as well as the leading provider of ro-ro cargo services on selected routes. Our fleet of 14 vessels allows us to offer a wide range of services and frequent departures. Tallink additionally operates 4 hotels in Estonia and Latvia and a successful travel retail business Tallink Duty Free.
 
Q: On what routes does Tallink operate?
A: Tallink operates shipping routes between Estonia-Finland, Finland-Sweden, Estonia-Sweden and Latvia-Sweden. Due to Covid-19 and related travel restrictions currently all passenger operations to and from Sweden are temporarily suspended. We are offering new services and products continuously as the situation changes in our destination countries, including additional routes and special cruises on the Norther Baltic Sea. The latest route traffic plan can be found here.
Tallink Routes
More detailed overview of the routes can be found on www.tallink.com/routes.
 
Q: How many employees does Tallink have?
A: At the end of 2019 Tallink Grupp employed 7 240 people. Due to seasonal nature of the operations, the number of employees fluctuates throughout the year. The average number of employees in 2019 was 7 270.
 
Q: What are the sales and earnings figures for the latest fiscal year?
A: In 2019 Tallink Grupp’s net sales and net profit were EUR 949 million and EUR 50 million, respectively. Information on Tallink Grupp’s financial performance is available at www.tallink.com/reports.
 
Q: Where and when was the Tallink stock first listed?
A: The shares of Tallink Grupp were listed on Tallinn Stock Exchange on 9 December 2005. Tallink Grupp’s Finnish Depository Receipts (FDRs) were listed on Nasdaq Helsinki stock exchange on 3 December 2018.
 
Q: Where can I get information on the company?
A: Ample information on Tallink Grupp is available on our corporate website www.tallink.com/about. Company presentations and financial reports are available in the investor relations section of the corporate website, www.tallink.com/investors.
 
Q: Where can I sign up for the company news?
A: For subscription to Tallink Grupp’s stock exchange announcements register here.
 
Q: Where can I find information about Tallink’s environmental policies?
A: Information on Tallink’s corporate social responsibility, including environmental policies, is available at www.tallink.com/social-responsibility. Our sustainability, environmental & corporate social responsibility reports are available here.
 
Q: Where can I find information about Tallink’s Supplier Code of Conduct?
A: AS Tallink Grupp’s Supplier Code of Conduct is available in the supplier contacts’ section at www.tallink.com/company-contacts.

 

Dividend Information

Q: Does Tallink pay cash dividends?
A: Tallink Grupp has paid cash dividends annually since 2013. History of Tallink Grupp’s dividend payments is available at www.tallink.com/share-information. In general, Tallink Grupp pays dividends once a year. In 2016 and 2019 there were additional payments related to the reduction of share capital. Considering Tallink Grupp’s long-term interests in the deteriorated operating environment the Annual General Meeting of Shareholders decided not to pay dividends in 2020.
 
Q: What’s Tallink Grupp’s dividend policy?
A: Tallink Grupp’s dividend policy is to pay dividends in the minimum amount of 5 cents per share if the economic performance enables it.
 
Q: When is the next dividend payment?
A: In accordance with the dividend policy, due to a deteriorated operating environment and considering Tallink Grupp’s long-term interests, the Annual General Meeting of Shareholders decided not to pay dividends in 2020.
 
Q: Does Tallink Grupp have a share repurchase programme?
A: No, Tallink Grupp does not have a share repurchase programme.

 

Securities

Q: How many shares are there outstanding?
A: AS Tallink Grupp has 669 882 040 outstanding ordinary shares (31.12.2019). All shares are listed. Overview of average and outstanding shares is available at www.tallink.com/share-information.
 
Q: What types of shares does Tallink have?
A: Tallink Grupp has only one class of ordinary shares and each share carries one vote at the shareholders’ general meeting.
 
Q: Does Tallink have outstanding bonds?
A: No, Tallink Grupp does not have any outstanding bonds.
 
Q: On what exchanges can I trade with Tallink shares?
A: Tallink’s shares are listed and tradable on Nasdaq Tallinn stock exchange since 9 December 2005. Since 3 December 2018 the depositary receipts of Tallink’s shares are listed and tradable also on Nasdaq Helsinki stock exchange.
 
Q: What is Tallink’s ticker symbol and ISIN code?
A: Tallink Grupp’s shares, listed on Nasdaq Tallinn, have ISIN code of EE3100004466 and trading symbol TAL1T. Tallink Grupp’s FDRs on Nasdaq Helsinki have ISIN code of FI4000349378 and trading symbol TALLINK.
 
Q: What is the difference between shares & depositary receipts?
A: Tallink’s FDRs are Finnish securities, which are in all material respects financially equivalent to Tallink’s ordinary shares that are listed on the Nasdaq Tallinn stock exchange. In practice, each Tallink FDR corresponds to one share and carries the related rights and obligations. For example, through holding Tallink’s FDRs, any holder will have a similar right to Tallink’s dividends as the holders of Tallink’s shares. More information on FDR’s and the listing on Nasdaq Helsinki, including the FDR Terms and Conditions, is available at www.tallink.com/investors/stock-exchange/nasdaq-helsinki/enter.
 
Q: Are there any shareholder incentives or benefits?
A: Various benefits and offers are available for members of our loyalty programme, Club One, but Tallink Grupp does not have a separate shareholder incentive programme.
 
Q: Where can I find the current and historic share price?
A: Historic and current (with 15 minute delay) price information on Tallink Grupp’s shares is available both at our Investor website or at the Nasdaq Tallinn website. Historic and current (with 15 minute delay) price information on our FDR’s can be found on www.nasdaqomxnordic.com.

 

General Corporate

Q: What is the management structure at Tallink Grupp?
A: The ultimate authority lies with the shareholders, who exercise the authority at the Annual General Meeting. One of the primary duties of the shareholders is to elect members to the Supervisory Board. The Supervisory Board engages in oversight and longer-term management activities including determining the principles for the strategy, organisation, budgets and election of the members of the Management Board. The Management Board is an executive body charged with the day-to-day management of the Company, as well as with representing the Company in its relations with third parties. More information on corporate governance is available at www.tallink.com/corporate-governance.
 
Q: Who are the members of the Tallink’s Supervisory Board and Management Board and what are their responsibilities?
A: The Supervisory Board consists of seven members and is chaired by Mr Enn Pant. More information on the Supervisory Board and its members is available here. The Management Board consists of five members and is chaired by Mr Paavo Nõgene. More information on the Management Board, including the members and their responsibilities, is available here.
 
Q: Who are the largest shareholders?
A: Tallink Grupp’s largest shareholder, with more than 39% shareholding, is AS Infortar. The list of shareholders is publicly available at nasdaqcsd.com/statistics/et/shareholders.
 
Q: When was the last Annual General Meeting?
A: The latest Annual General Meeting was held on 30 July 2020.
 
Q: When will the next Annual General Meeting take place?
A: The Annual General Meeting of shareholders of AS Tallink Grupp takes typically place in spring or summer. The date of the Annual General Meeting for 2021 has not been published.
 
Q: Is it possible to vote by proxy at the next Annual General Meeting?
A: It is possible to vote by proxy given that the relevant information has been formed and filled correctly. Please follow the instructions given with the official notice to the 2020 Annual General Meeting.

 

Financials

Q: What is Tallink’s financial year?
A: Tallink Grupp’s financial year starts on 1 January and ends on 31 December. Please note that prior to 2011 Tallink Grupp’s financial year started on 1 September and ended on 31 August.
 
Q: Where can I get latest annual and interim reports?
A: All the published annual and interim reports are available at the Investors section of Tallink Grupp’s corporate website and can be found here www.tallink.com/reports.
 
Q: Where can I find historical reports?
A: All the published annual and interim reports are available at the Investors section of Tallink Grupp’s corporate website and can be found here www.tallink.com/reports.
 
Q: When is the next earnings release?
A: Our reporting calendar is available here.
 
Q: Does Tallink hold result conference calls or webinars?
A: We hold quarterly webinars, which typically take place on the same day with our quarterly results disclosure. Invitation to webinars is circulated about a week before the webinar through a stock exchange announcement. Subscription for Tallink Grupp’s stock exchange announcements can be registered here. The link’s to the recordings of previously held webinars are available at www.tallink.com/presentations.
 
Q: Is the level of debt optimal for Tallink Grupp?
A: The Management Board of AS Tallink Grupp feels comfortable with the net debt remaining within the range of 3.0-5.0 times the annual EBITDA. The EBITDA for 2019 was EUR 171 million implying the comfort zone for net debt remaining within the range of about EUR 510-855 million. The net debt amounted to EUR 539 million at the end of 2019.
 
Q: Which accounting firm is the auditor?
A: The Annual General Meeting appointed KPMG Baltics OÜ to conduct the audit of the financial year 2020.