2015-08-31 08:15:44 CEST

2015-08-31 08:16:46 CEST


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Invalda INVL - Interim information

Unaudited results of Invalda INVL, AB group for the 6 months of 2015 


Vilnius, Lithuania, 2015-08-31 08:15 CEST (GLOBE NEWSWIRE) -- Unaudited results
of Invalda INVL, AB group for the 6 months of 2015 

- consolidated net profit attributable to shareholders of Invalda INVL, AB
amounted to EUR 4.1 million, in the same period of 2014 it was EUR 5.4 million; 
- consolidated equity capital at the end of first half 2015 amounted to EUR
48.1 million, or EUR 4.10 per share; 
- consolidated net profit totalled to EUR 4.1 million, in the same period of
2014 it was EUR 5.4 million. 
The net profit of Invalda INVL, AB for the 6 months of 2015 amounted to EUR 4.1
million, in the same period of 2014 it was EUR 21.9 million. Equity capital of
Invalda INVL, AB at the end of first half 2015 amounted to EUR 47.8 million, or
EUR 4.08 per share. 

Additional information:

 One of the leading asset management groups in Baltic region Invalda INVL
equity at the end of first half 2015 amounted to EUR 47.8 million, or EUR 4.08
per share. During the first half equity per share grew by 8.8 per cent. 

Net profit in first half of 2015 reached EUR 4.1 million, or 23.8 per cent less
than in the same period of 2014 (EUR 5.4 million). 

Asset management business

At the end of June 2015 asset management companies owned by Invalda INVL - INVL
Asset Management, MP Pension Funds Baltic in Lithuanian and Finasta Asset
Management in Latvia - managed assets amounting to EUR 305 million, or 10.8 per
cent more than at the end of 2014 (EUR 275.3 million).

„In the nearest future we will finish merger of Lithuanian asset management
companies INVL Asset Management and MP Pension Funds Baltic. Latvian company
Finasta Asset Management name will be changed to INVL Asset Management to
better reflect that company belongs to Invalda INVL group. Our main goal - to
offer saving and investing solutions which best fit clients needs in the
markets in which we are active“, - said Darius Šulnis, President of Invalda
INVL. 

Revenues from asset management business in first half amounted to EUR 1.8
million. 

Other assets

Investments in associated and related companies

At the end of June 2015 investment into INVL Technology shares amounted to EUR
933 thousand. Invalda INVL participated in new share issue of INVL Technology,
which was placed in July. After deals, which were finished in July, Invalda
INVL invested in INVL Technology shares additional EUR 2.3 million and
currently owns 15.7 per cent of INVL Technology shares. 

„We believe that INVL Technology will successfully employ money, raised during
share issue and expand information technologies companies portfolio“, - said D.
Šulnis. 

Investments into INVL Baltic Real Estate shares amounted to EUR 1.688 million,
and loans to INVL Baltic Real Estate group amounted to EUR 5.4 million. 

Agriculture

Stake in Baltic agricultural group Litagra (36.9 per cent) was valued EUR 16.2
million at the end of first half of 2015 - 9 per per cent more than at the end
of 2014. 

According to D. Šulnis, implemented and planned reforms in Litagra should
improve companies competitive position and  financial results and increase
value of the company. 

Banking activity

On 11 May 2015 Invalda INVL signed the agreements regarding the sale of bank
Finasta and brokerage company Finasta shares to Šiauliu bankas.  To close the
deal Šiauliu bankas will issue new shares, which will be acquired by Invalda
INVL. 

100 per cent of Finasta bank and financial brokerage company Finasta was valued
at EUR 6.19 million. After registering new share issue, Invalda INVL will own
6.79 per cent of Šiaulių bankas shares. 

„We believe that good results of Šiaulių bankas and successful activity will
increase value of Šiaulių bankas shares further“, - said D. Šulnis. 

In the first half from change in the value of Finasta Invalda INVL earned EUR
1.8 million. 

Facilities management

Invalda INVL manages 100 percent of Facility management group Inservis
(together with companies Priemiestis, Jurita, Naujosios Vilnios Turgaviete and
Advima).  At the end of 2015 facility management companies were valued EUR 4.1
million, during first half dividend of EUR 237 thousand from these companies
were announced. 

„Successfull organic growth and improvement in internal processes leads to
positive changes in Inservis results“, - said D. Šulnis. 

Other investments

At the end of first half, Invalda INVL had EUR 0.7 million investments in
shares traded on stock exchange, also EUR 2.4 million other investments. All
liabilities of Invalda INVL at the end of June amounted to EUR 0.8 million. 

Invalda INVL shares are listed on Nasdaq Vilnius Stock Exchange.


         The person authorized to provide additional information:
         Darius Sulnis
         President
         Phone +370 5279 0601
         E-mail: darius.sulnis@invl.com