Elenger group’s parent company published Q3 results
Infortar’s assets grew to €2.5 billion, with consolidated revenue reaching €926 million, net profit €187 million, and investments totaling €138 million in the first nine months of this year. 
“We became the largest investment company in Estonia in the third quarter – we have increased the volume of consolidated assets by a full billion over nine months. The essence and form of Infortar have significantly changed in a short time; we literally thrive on growth,” said Ain Hanschmidt, Chairman of the Management Board of Infortar.
In the third quarter of 2024, Infortar increased its stake in Tallink to 68.5% through a public share offering. Alongside other existing shareholders, Infortar sees Tallink’s future as strong and stable. The voluntary takeover offer was attractive to those who, for various reasons, wished to exit the region.
Infortar operates in seven countries, with its main business areas being maritime transport, energy, and real estate. Infortar holds a 68.5% stake in AS Tallink Grupp, a 100% stake in AS Eesti Gaas, and a diverse and modern real estate portfolio of approximately 116,000 m². In addition to its three main business areas, Infortar is also involved in construction and minerals, agriculture, printing, taxi services, and other fields. In total, the Infortar group comprises 105 companies: 96 group companies, 4 associated companies, and 5 subsidiaries of associated companies. Excluding associated companies, Infortar employs 6,108 people.
