Infortar AS
TTAL:INF1T69.00
EUR
+0.60
(+0.88%)
ISIN
EE3100149394
Return %
Stock
S&P 500
1Y
69.12
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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EUR
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in mil. unless spec.Quarterly Earnings Per Share
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EUR
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- Full Time Employees
- 6,466
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- Tallinn Estonia
- IPO Date
- Jan 22, 2024
- Website
- infortar.ee
- Similar Companies
- Business
- Infortar AS is an investment holding company that operates across the energy, maritime transport, and real estate sectors in the Baltic Sea region and Central Europe. Founded in 1997 and headquartered in Tallinn, Estonia, the company operates through three principal business segments: Energy, Maritime Shipping, and Real Estate. In the Energy segment, operating primarily under the Eesti Gaas and Elenger brands, the company provides natural gas import, wholesale distribution, and retail supply; liquefied natural gas (LNG) trading, transportation, and marine bunkering services; compressed natural gas (CNG) vehicle fueling station networks; biomethane production and distribution; electricity generation from solar photovoltaic parks; and wholesale and retail power trading. In the Maritime Shipping and Hospitality segment, Infortar holds a controlling interest in AS Tallink Grupp, offering passenger ferry transport and maritime roll-on/roll-off (Ro-Ro) cargo shipping under the Tallink and Silja Line brands across routes connecting Estonia, Finland, Sweden, and Latvia; hotel accommodation and hospitality management services through Tallink Hotels; onboard travel retail and duty-free operations; restaurant management including regional Burger King franchises in the Baltic states; and private taxi transport services under the Tallink Takso brand. In the Real Estate segment, the company develops, manages, and leases commercial office buildings, logistics and warehousing facilities, retail complexes, residential properties, and athletic facilities, including the Tallink Tennis Centre. Additional group activities include commercial printing services provided through Printon AS and specialized medical healthcare services. Geographically, Infortar conducts operations across Estonia, Latvia, Lithuania, Finland, Poland, and Germany. In recent developments, Infortar completed its initial public offering (IPO) and listed its shares on the Nasdaq Tallinn Stock Exchange in December 2023. In energy infrastructure, the group expanded its regional distribution network by acquiring AS Gaso, Latvia's sole natural gas distribution system operator, from Latvijas Gaze. Furthermore, Infortar strengthened its maritime operations by acquiring additional equity to establish controlling majority ownership in AS Tallink Grupp, subsequently launching a voluntary takeover offer for remaining shares. The company has also expanded its energy supply and LNG bunkering operations into Poland and Germany under the Elenger brand while increasing investments in renewable solar energy and biomethane production assets across the Baltic region.