2013-05-28 06:00:00 CEST

2013-05-28 06:00:07 CEST


REGULATED INFORMATION

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Invalda AB - Interim information

Unaudited results of Invalda AB group for the period for 3 months of 2013 


Vilnius, Lithuania, 2013-05-28 06:00 CEST (GLOBE NEWSWIRE) -- Unaudited results
of Invalda AB group for the period for 3 months of 2013: 


- consolidated net profit attributable to shareholders of Invalda AB totalled
to 0.5 million litas (€0.1 million), (in the same period of 2012 it was 18.8
million litas (€5.4million)); 
 - consolidated net profit totalled to 1.4 million litas (€0.4 million), (in
the same period of 2012 it was 20.4 million litas (€5.9 million)). 

The loss of Invalda AB for the period of 3 months ending March 31, 2013
occurred to 0.38 million litas (€0.11 million) (in the same period of 2012 the
profit amounted to 11.0 million litas (€3.2million)). 

A review of the results of Invalda AB group for the first quarter of 2013:

One of the largest Lithuanian investment companies INVALDA, AB earned unaudited
consolidated net profit of 0.5 million litas (€ 0.1 million) attributable to
the parent company in the first quarter of 2013. In the first quarter of 2012
the profit was 18.8 million litas (€ 5.4 million). In the first quarter of 2013
INVALDA, AB allocated 42.9 million litas (€12.4 million) for the share buy-back
procedure and in May the Company paid 8.9 million litas (€ 2.6 million) for the
treasury shares. 
The furniture manufacturing sector, where INVALDA, AB controls 72 percent stake
in the largest Lithuanian furniture manufacturing company Vilniaus Baldai, AB
earned an unaudited profit of 2.3 million litas (€ 0.7 million) for INVALDA,
AB, i.e. 52 percent less than in January-March of 2012 (4.4 million Litas) (€
1.3 million). 
In the first quarter of 2013, sales of Vilniaus Baldai, AB amounted to 35.1
million litas (€ 10.2 million) or 40 percent less  than in the corresponding
quarter of 2012. Earnings before interest, taxes, depreciation and amortization
(EBITDA) decreased 43 percent to 4.8 million litas (€ 1.4 million) while the
net profit was reduced to 48 percent to 3.2 million litas (€ 0.9 million). 
The real estate sector in the first quarter of 2013 has incurred a loss of 0.6
million litas (€ 0.2 million)  (in January- March of 2012 the profit was 0.2
million litas) (€ 0.06 million). 
The turnover in the facility management sector, where INVALDA controls such
companies as  Inreal Pastatu Prieziura and others, in the corresponding period
grew by 7.7 percent to 3.2 million litas (€ 0.9 million), and the loss amounted
to 0.2 million litas (€ 0.06 million). 
In the agricultural sector, where INVALDA, AB owns 36.9 percent shares of
Litagra, UAB, a loss of 0.4 million litas (€ 0.1 million) was incurred during
the first quarter of 2013. The first quarter‘s turnover of Litagra, UAB (in
accordance with the Business Accounting Standards) rose 96 percent to 70.9
million litas (€ 20.5 million) whereas net loss amounted to 1.1 million litas
(€ 0.3 million) (according with the International Accounting Standarts). 
In the information technology infrastructure sector where INVALDA, AB owns 80
percent shares of BAIP Group, the first quarter 2013 the result was break-even.
The consolidated turnover of BAIP Group, UAB amounted to 8.7 million litas (€
2.5 million) or 21 percent more than in corresponding quarter of 2012 (7.2
million litas) (€ 2.1 million). 
The decrease in share price of the rail and road infrastructure company Trakcja
operating in Poland and Lithuania brought the loss of 2.1 million litas (€ 0.6
million) to INVALDA, AB, while in corresponding period in 2012, the profit of
12 million litas (€ 3.5 million) was earned. This is the major reason why the
results of INVALDA, AB are worse than in the corresponding period of 2012. 


         The person authorized to provide additional information:
         Darius Sulnis
         President
         Tel. +370 5273 4876
         E-mail: darius@invalda.lt