AS Eesti Raudtee

Active Registry code 11575838 AS Tallinn Registered 14 Jan 2009
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AS Eesti Raudtee is a AS based in Tallinn, registry code 11575838, status: active. Main activity: Other service activities incidental to land transportation. According to EMTA, turnover for Q3 2026 was €8 366 264 with 733 employees.

Turnover
8 366 264 €
↑ 6.3% vs Q2 2026
State taxes
0 €
↓ 100.0% vs Q2 2026
Labour taxes
3 138 487 €
↓ 14.7% vs Q2 2026
Employees
733
+2 vs Q2 2026

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Warehousing, storage and support activities for transportation · EMTAK 52

  • Turnover · Q3 2026 8.4 mn €
    industry median 38 439 € · companies in the industry: 1 299
  • Labour taxes per employee 4 282 €
    industry median 1 714 € · companies in the industry: 884
  • Revenue · 2025 31.2 mn €
    industry median 36 293 € · companies in the industry: 2 027
  • Net profit margin · 2025 0.0 %
    industry median 2.9 % · companies in the industry: 1 539

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 8 366 264 € · +6.3% vs Q2 2026 · industry median 38 439 € · above 98% of the industry
05 00010 00015 00020 000Q4 2023 Company: 9 530 485 € Industry median: 43 017 €Q4·23Q1 2024 Company: 11 741 744 € Industry median: 39 730 €Q2 2024 Company: 8 226 657 € Industry median: 42 377 €Q2·24Q3 2024 Company: 8 420 621 € Industry median: 43 191 €Q4 2024 Company: 8 395 056 € Industry median: 43 044 €Q4·24Q1 2025 Company: 16 015 245 € Industry median: 38 591 €Q2 2025 Company: 8 608 893 € Industry median: 39 388 €Q2·25Q3 2025 Company: 10 594 085 € Industry median: 38 108 €Q4 2025 Company: 7 871 034 € Industry median: 36 775 €Q4·25Q1 2026 Company: 11 026 756 € Industry median: 31 616 €Q2 2026 Company: 7 868 507 € Industry median: 38 825 €Q2·26Q3 2026 Company: 8 366 264 € Industry median: 38 439 €Q3·2605 00010 00015 00020 000Q4 2024 Company: 8 395 056 € Industry median: 43 044 €Q1 2025 Company: 16 015 245 € Industry median: 38 591 €Q1·25Q2 2025 Company: 8 608 893 € Industry median: 39 388 €Q3 2025 Company: 10 594 085 € Industry median: 38 108 €Q3·25Q4 2025 Company: 7 871 034 € Industry median: 36 775 €Q1 2026 Company: 11 026 756 € Industry median: 31 616 €Q1·26Q2 2026 Company: 7 868 507 € Industry median: 38 825 €Q3 2026 Company: 8 366 264 € Industry median: 38 439 €Q3·26
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 4 282 € · −15.0% vs Q2 2026 · industry median 1 714 € · above 85% of the industry
02 0004 0006 000Q4 2023 Company: 3 307 € Industry median: 1 553 €Q4·23Q1 2024 Company: 3 556 € Industry median: 1 665 €Q2 2024 Company: 4 468 € Industry median: 1 643 €Q2·24Q3 2024 Company: 3 936 € Industry median: 1 681 €Q4 2024 Company: 3 691 € Industry median: 1 663 €Q4·24Q1 2025 Company: 4 109 € Industry median: 1 829 €Q2 2025 Company: 4 854 € Industry median: 1 693 €Q2·25Q3 2025 Company: 4 234 € Industry median: 1 747 €Q4 2025 Company: 4 152 € Industry median: 1 706 €Q4·25Q1 2026 Company: 4 065 € Industry median: 1 665 €Q2 2026 Company: 5 035 € Industry median: 1 577 €Q2·26Q3 2026 Company: 4 282 € Industry median: 1 714 €Q3·2602 0004 0006 000Q4 2024 Company: 3 691 € Industry median: 1 663 €Q1 2025 Company: 4 109 € Industry median: 1 829 €Q1·25Q2 2025 Company: 4 854 € Industry median: 1 693 €Q3 2025 Company: 4 234 € Industry median: 1 747 €Q3·25Q4 2025 Company: 4 152 € Industry median: 1 706 €Q1 2026 Company: 4 065 € Industry median: 1 665 €Q1·26Q2 2026 Company: 5 035 € Industry median: 1 577 €Q3 2026 Company: 4 282 € Industry median: 1 714 €Q3·26
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 733 · +0.3% vs Q2 2026
0200400600800Q4 2023 Company: 704Q4·23Q1 2024 Company: 711Q2 2024 Company: 713Q2·24Q3 2024 Company: 719Q4 2024 Company: 718Q4·24Q1 2025 Company: 703Q2 2025 Company: 705Q2·25Q3 2025 Company: 703Q4 2025 Company: 696Q4·25Q1 2026 Company: 706Q2 2026 Company: 731Q2·26Q3 2026 Company: 733Q3·260200400600800Q4 2024 Company: 718Q1 2025 Company: 703Q1·25Q2 2025 Company: 705Q3 2025 Company: 703Q3·25Q4 2025 Company: 696Q1 2026 Company: 706Q1·26Q2 2026 Company: 731Q3 2026 Company: 733Q3·26
State taxes, € thousand Q3 2026: 0 € · −100.0% vs Q2 2026
01 0002 0003 0004 000Q4 2023 Company: 2 346 203 €Q4·23Q1 2024 Company: 0 €Q2 2024 Company: 3 074 826 €Q2·24Q3 2024 Company: 2 842 951 €Q4 2024 Company: 0 €Q4·24Q1 2025 Company: 0 €Q2 2025 Company: 3 246 981 €Q2·25Q3 2025 Company: 0 €Q4 2025 Company: 0 €Q4·25Q1 2026 Company: 0 €Q2 2026 Company: 3 477 710 €Q2·26Q3 2026 Company: 0 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 0 €Q1 2025 Company: 0 €Q1·25Q2 2025 Company: 3 246 981 €Q3 2025 Company: 0 €Q3·25Q4 2025 Company: 0 €Q1 2026 Company: 0 €Q1·26Q2 2026 Company: 3 477 710 €Q3 2026 Company: 0 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 8 366 264 — 3 138 487 733
Q2 2026 7 868 507 3 477 710 3 680 618 731
Q1 2026 11 026 756 — 2 869 599 706
Q4 2025 7 871 034 — 2 890 125 696
Q3 2025 10 594 085 — 2 976 684 703
Q2 2025 8 608 893 3 246 981 3 422 241 705
Q1 2025 16 015 245 — 2 888 444 703
Q4 2024 8 395 056 — 2 650 032 718
Q3 2024 8 420 621 2 842 951 2 830 179 719
Q2 2024 8 226 657 3 074 826 3 185 777 713
Q1 2024 11 741 744 — 2 528 288 711
Q4 2023 9 530 485 2 346 203 2 327 880 704
Q3 2023 8 545 121 2 371 344 2 475 784 707
Q2 2023 8 889 834 2 643 893 2 789 558 703
Q1 2023 11 087 431 2 197 660 2 173 464 693
Q4 2022 9 040 267 2 232 353 1 964 018 679
Q3 2022 8 947 853 2 114 595 2 210 246 678
Q2 2022 9 340 695 2 319 489 2 439 337 690
Q1 2022 11 341 678 2 096 662 2 007 385 688
Labour taxes per employee per month
1 427 €
Turnover per employee in the quarter
11 414 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 31 231 000 € · +11.0% vs 2024 · industry median 36 293 € · above 98% of the industry
010 00020 00030 00040 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 37 562 000 € Industry median: 60 551 €20192020 Company: 31 094 836 € Industry median: 45 642 €20202021 Company: 32 785 000 € Industry median: 47 198 €20212022 Company: 29 392 000 € Industry median: 51 350 €20222023 Company: 28 580 704 € Industry median: 39 956 €20232024 Company: 28 125 000 € Industry median: 37 221 €20242025 Company: 31 231 000 € Industry median: 36 293 €2025010 00020 00030 00040 0002018 Company: — Industry median: —2019 Company: 37 562 000 € Industry median: 60 551 €20192020 Company: 31 094 836 € Industry median: 45 642 €2021 Company: 32 785 000 € Industry median: 47 198 €20212022 Company: 29 392 000 € Industry median: 51 350 €2023 Company: 28 580 704 € Industry median: 39 956 €20232024 Company: 28 125 000 € Industry median: 37 221 €2025 Company: 31 231 000 € Industry median: 36 293 €2025
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 0 € · industry median 123 € · above 35% of the industry
02 0004 0006 0008 00010 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 8 893 000 € Industry median: 1 081 €20192020 Company: 7 089 000 € Industry median: 692 €20202021 Company: 0 € Industry median: 1 330 €20212022 Company: — Industry median: 1 182 €20222023 Company: 0 € Industry median: 282 €20232024 Company: 0 € Industry median: 45 €20242025 Company: 0 € Industry median: 123 €202502 0004 0006 0008 00010 0002018 Company: — Industry median: —2019 Company: 8 893 000 € Industry median: 1 081 €20192020 Company: 7 089 000 € Industry median: 692 €2021 Company: 0 € Industry median: 1 330 €20212022 Company: — Industry median: 1 182 €2023 Company: 0 € Industry median: 282 €20232024 Company: 0 € Industry median: 45 €2025 Company: 0 € Industry median: 123 €2025
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 0.0 % · +0.0 pp vs the year before · industry median 2.9 % · above 33% of the industry
05101520252016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 23.7 % Industry median: 3.6 %20192020 Company: 22.8 % Industry median: 4.1 %20202021 Company: 0.0 % Industry median: 4.8 %20212022 Company: — Industry median: 5.4 %20222023 Company: 0.0 % Industry median: 3.9 %20232024 Company: 0.0 % Industry median: 3.2 %20242025 Company: 0.0 % Industry median: 2.9 %202505101520252018 Company: — Industry median: —2019 Company: 23.7 % Industry median: 3.6 %20192020 Company: 22.8 % Industry median: 4.1 %2021 Company: 0.0 % Industry median: 4.8 %20212022 Company: — Industry median: 5.4 %2023 Company: 0.0 % Industry median: 3.9 %20232024 Company: 0.0 % Industry median: 3.2 %2025 Company: 0.0 % Industry median: 2.9 %2025
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, mn € 2025: 735 364 000 € · +23.3% vs 2024
02004006008002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 342 598 000 €20192020 Company: 356 861 000 €20202021 Company: 374 417 000 €20212022 Company: 417 654 194 €20222023 Company: 489 824 000 €20232024 Company: 596 540 000 €20242025 Company: 735 364 000 €202502004006008002018 Company: —2019 Company: 342 598 000 €20192020 Company: 356 861 000 €2021 Company: 374 417 000 €20212022 Company: 417 654 194 €2023 Company: 489 824 000 €20232024 Company: 596 540 000 €2025 Company: 735 364 000 €2025
Equity, mn € 2025: 176 117 000 € · +0.0% vs 2024
0501001502002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 159 028 000 €20192020 Company: 176 117 000 €20202021 Company: 176 117 000 €20212022 Company: —20222023 Company: 176 117 000 €20232024 Company: 176 117 000 €20242025 Company: 176 117 000 €20250501001502002018 Company: —2019 Company: 159 028 000 €20192020 Company: 176 117 000 €2021 Company: 176 117 000 €20212022 Company: —2023 Company: 176 117 000 €20232024 Company: 176 117 000 €2025 Company: 176 117 000 €2025
Employees 2025: 704 · −0.4% vs 2024 · industry median 2 · above 98% of the industry
02004006008002016 Company: 799 Industry median: —20162017 Company: 792 Industry median: —20172018 Company: 758 Industry median: 220182019 Company: 725 Industry median: 220192020 Company: 686 Industry median: 220202021 Company: 675 Industry median: 220212022 Company: 676 Industry median: 220222023 Company: 688 Industry median: 220232024 Company: 707 Industry median: 220242025 Company: 704 Industry median: 2202502004006008002018 Company: 758 Industry median: 22019 Company: 725 Industry median: 220192020 Company: 686 Industry median: 22021 Company: 675 Industry median: 220212022 Company: 676 Industry median: 22023 Company: 688 Industry median: 220232024 Company: 707 Industry median: 22025 Company: 704 Industry median: 22025
  • Company
  • Industry median

Industry: Warehousing, storage and support activities for transportation (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year Revenue, € Net profit, € Labour costs, € Assets, € Equity, € Employees
2025 31 231 000 0 26 005 000 735 364 000 176 117 000 704
2024 28 125 000 0 24 773 000 596 540 000 176 117 000 707
2023 28 580 704 0 22 110 000 489 824 000 176 117 000 688
2022 29 392 000 — — 417 654 194 — 676
2021 32 785 000 0 18 732 000 374 417 000 176 117 000 675
2020 31 094 836 7 089 000 18 411 000 356 861 000 176 117 000 686
2019 37 562 000 8 893 000 18 164 000 342 598 000 159 028 000 725
2018 — — — — — 758
2017 — — — — — 792
2016 — — — — — 799
2015 — — — — — 815
2014 — — — — — 826
2013 — — — — — 823
2012 — — — — — 891
2011 — — — — — 833
2010 — — — — — 823
2009 — — — — — 818

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2025

Net profit margin
0.0 %
Net profit / revenue
Return on equity (ROE)
0.0 %
Net profit / equity
Return on assets (ROA)
0.0 %
Net profit / assets
Equity ratio
23.9 %
Equity / assets
Debt ratio
76.1 %
Liabilities / assets
Current ratio
3.35
Current assets / current liabilities
Revenue per employee
44 362 €
Revenue / average full-time employees
Labour cost per employee per month
3 078 €
Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 1 Apr 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 8 May 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 9 May 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 12 May 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 29 Apr 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 4 May 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 13 May 2020 Company’s own · audited e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Andrus Kimber
    Board member · since 4 Oct 2017
  • Arvo Smiltinš
    Board member · since 17 May 2021
  • Merle Kurvits
    Board member · since 6 Apr 2026

Right of representation

Any member of the management board may represent the public limited company in all transactions.

Owners

No owner information.

Beneficial owners

  • Eva Killar
    Member of a senior management body (management or supervisory board) · since 13 May 2026
  • Merle Kurvits
    Member of a senior management body (management or supervisory board) · since 1 Apr 2026
  • Marika Priske
    Member of a senior management body (management or supervisory board) · since 9 Feb 2026
  • Kuldar Leis
    Right to appoint or remove most of the management · since 4 Apr 2025
  • Anvar Salomets
    Member of a senior management body (management or supervisory board) · since 8 Dec 2023
  • Kaupo Raag
    Member of a senior management body (management or supervisory board) · since 16 May 2023
  • Arvo Smiltinš
    Member of a senior management body (management or supervisory board) · since 16 Jun 2021
  • Andrus Kimber
    Member of a senior management body (management or supervisory board) · since 24 Oct 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 52219Other service activities incidental to land transportation Main
  • 35401Activities of brokers and agents for electric power and natural gas
  • 46181Activities of agents involved in the wholesale of other particular products
  • 46871Wholesale of waste and scrap, buying up packaging and tare
  • 61901Other telecommunication activities
  • 68201Rental and operating of own or leased real estate
  • 77391Rental and leasing of rail vehicles
  • 82991Other business support service activities n.e.c.
Rulings
Number, date Title Deadline State Document
Ä 10123962 / 36
19 Aug 2026
Amendment entry In force
19 Aug 2026
PDF
Ä 10123962 / 35
6 Apr 2026
Amendment entry In force
6 Apr 2026
PDF
Ä 10123962 / 34
23 Oct 2025
Amendment entry In force
23 Oct 2025
PDF
Ä 10123962 / 33
20 Oct 2025
Amendment entry In force
20 Oct 2025
PDF
Ä 10123962 / M13
14 Oct 2025
Ruling to eliminate deficiencies 29 Oct 2025 Deficiencies eliminated
20 Oct 2025
PDF
Ä 10123962 / 32
23 Jul 2024
Amendment entry In force
23 Jul 2024
PDF
Ä 10123962 / 31
7 Nov 2023
Amendment entry In force
7 Nov 2023
PDF
Ä 10123962 / M12
3 Nov 2023
Ruling to correct data outside an entry 17 Nov 2023 Deficiencies eliminated
7 Nov 2023
PDF
Ä 10123962 / M11
18 May 2023
Ruling to correct data outside an entry 1 Jun 2023 Deficiencies eliminated
19 May 2023
PDF
Ä 10123962 / 30
29 Jun 2022
Amendment entry In force
29 Jun 2022
PDF
Ä 10123962 / 29
17 May 2021
Amendment entry In force
17 May 2021
PDF
Ä 10123962 / 28
2 Mar 2021
Amendment entry In force
2 Mar 2021
PDF
Ä 10123962 / 27
2 Mar 2021
Entry refused In force
31 Mar 2021
PDF
Ä 10123962 / 26
11 Jan 2021
Amendment entry In force
11 Jan 2021
PDF
Ä 10123962 / 25
4 Jan 2021
Amendment entry In force
4 Jan 2021
PDF
Ä 10123962 / M10
31 Dec 2020
Ruling to eliminate deficiencies 15 Jan 2021 Deficiencies eliminated
4 Jan 2021
PDF
Ä 10123962 / 24
28 Oct 2020
Amendment entry In force
28 Oct 2020
PDF
Ä 10123962 / M9
19 Oct 2020
Ruling to eliminate deficiencies 3 Nov 2020 Deficiencies eliminated
28 Oct 2020
PDF
Ä 10123962 / M8
21 May 2020
Ruling to correct data outside an entry 20 Jun 2020 Deficiencies eliminated
25 May 2020
PDF
Ä 10123962 / 23
7 Feb 2019
Amendment under Commercial Code § 525 (2) In force
7 Feb 2019
PDF
Ä 10123962 / 22
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10123962 / 21
11 Jan 2018
Amendment entry In force
11 Jan 2018
PDF
Ä 10123962 / 20
14 Nov 2017
Amendment entry In force
14 Nov 2017
PDF
Ä 10123962 / 19
4 Oct 2017
Amendment entry In force
4 Oct 2017
PDF
Ä 10123962 / 18
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10123962 / 17
22 May 2017
Amendment entry In force
22 May 2017
PDF
Ä 10123962 / 16
17 May 2017
Amendment entry In force
17 May 2017
PDF
Ä 10123962 / M7
19 Sep 2016
Ruling to correct data outside an entry 19 Oct 2016 Deficiencies eliminated
21 Sep 2016
PDF
Ä 10123962 / 15
12 Sep 2016
Amendment entry In force
12 Sep 2016
PDF
Ä 10123962 / 14
1 Sep 2015
Amendment entry In force
1 Sep 2015
PDF
Ä 10123962 / 13
26 Jun 2015
Amendment entry In force
26 Jun 2015
PDF
Ä 10123962 / 12
5 Jun 2015
Amendment entry In force
5 Jun 2015
PDF
Ä 10123962 / M6
8 Aug 2014
Procedural ruling In force
8 Aug 2014
PDF
Ä 10123962 / 11
8 Aug 2014
Amendment entry In force
8 Aug 2014
PDF
Ä 10123962 / M5
7 Aug 2014
Ruling to eliminate deficiencies 22 Aug 2014 Deficiencies eliminated
8 Aug 2014
PDF
Ä 10123962 / 10
17 Jun 2014
Amendment entry In force
17 Jun 2014
PDF
Ä 10123962 / M4
13 Jun 2014
Ruling to eliminate deficiencies 13 Jul 2014 Deficiencies eliminated
17 Jun 2014
PDF
Ä 10123962 / M3
18 Jul 2013
Ruling to correct data outside an entry 17 Aug 2013 Deficiencies eliminated
22 Jul 2013
PDF
Ä 10123962 / 9
18 Jan 2013
Amendment entry In force
18 Jan 2013
PDF
Ä 10123962 / 8
19 Nov 2012
Amendment entry In force
19 Nov 2012
PDF
Ä 10123962 / 7
28 Sep 2012
Amendment entry In force
28 Sep 2012
PDF
Ä 10123962 / 6
3 Sep 2012
First (declaratory) division entry In force
3 Sep 2012
PDF
Ä 10123962 / 5
30 Jun 2011
Amendment entry In force
30 Jun 2011
PDF
Ä 10123962 / M2
2 Jun 2011
Ruling to eliminate deficiencies 4 Jul 2011 In force
2 Jun 2011
PDF
Ä 123962 / 4
2 Dec 2009
Amendment entry In force
2 Dec 2009
PDF
Ä 123962 / 3
27 Jan 2009
Note on registration of shares in the Estonian central register of securities In force
27 Jan 2009
PDF
Ä 123962 / 2
14 Jan 2009
Third (informative) division entry In force
14 Jan 2009
PDF
Ä 123962
14 Jan 2009
First (declaratory) division entry In force
14 Jan 2009
PDF
Ä 123962 / M1
9 Jan 2009
Ruling to eliminate deficiencies (to be served) In force
12 Jan 2009
PDF

Sources: e-Äriregister and EMTA. Data updated 29 Oct 2026. Open at the source ↗ · Report an error in the data