According to Swedbank, Tallink’s results for the first half of the year allow us to hope for the renewal of dividends. Analysts reiterated their buy recommendation on the stock and raised their price target.
Tallink sales revenue in the 2nd quarter compared to the corresponding period of the previous year increased by 11.5% to 229.7 million. euros, which was largely determined by the increase in ship chartering revenues by 19.5 million. euro. Analysts found that thanks to the optimal number of ships and 9.6% lower costs of goods and services, the company increased its EBITDA by 138.7% to 68.5 million. euro. This marks the largest Q2 result in the company’s history.
2023-08-09 12:32:35
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