2015-02-13 15:07:31 CET

2015-02-13 15:08:32 CET


REGULATED INFORMATION

English Lithuanian
INVL Baltic Real Estate - Interim information

Unaudited results of INVL Baltic Real Estate for 12 months of 2014 


Vilnius, Lithuania, 2015-02-13 15:07 CET (GLOBE NEWSWIRE) -- Unaudited
consolidated net profit as well as consolidated net profit attributable to
shareholders of INVL Baltic Real Estate amounted to EUR 0.45 million (LTL 1.56
million) at the end of 2014. 

The financial statements cover the interim financial period of the company,
starting from the company's establishment date 29 April 2014 and ending on 31
December 2014, therefore there are no comparative data. 

Additional information:

INVL Baltic Real Estate, the company investing into commercial real estate,
consolidated equity amounted to EUR 14.5 million (LTL 50.1 million) or EUR 2.06
per share at the end of 2014. 

INVL Baltic Real Estate has started its activity in the end of April 2014 as a
spin-off from Invalda LT. During first eight months of activity INVL Baltic
Real Estate revenues amounted to EUR 3.5 million (LTL 12.13 million) (from this
EUR 1.7 million (LTL 6 million) - rental revenue from owned real estate) and
net profit reached EUR 0.45 million (LTL 1.56 million). 

“We view first year results positively - owned companies managed to increase
rental revenues. Despite increasing competition in commercial real estate, we
plan to improve results in the rental market at this year, - said Andrius
Dauksas, director of INVL Baltic Real Estate. 

According to him, after signing the long term agreement in September 2014,
current focus is to increase cash flow and value of owned real estate. 

Group companies of INVL Baltic Real Estate have about 51 700 sq. m of the real
estate in Vilnius and Riga. Total value of owned real estate assets amounts to
EUR 33.8 million (LTL 116.87 million). Company's shares are listed on NASDAQ
Vilnius stock exchange. 


         The person authorized to provide additional information:
         Andrius Daukšas
         Director
         Tel. +370 5 279 0601
         E-mail: andrius@invaldalt.com