Fund Information / Factsheet • May 30, 2022
Fund Information / Factsheet
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"Invalda INVL is an asset management group that is open, growing and investing, and its activities create wellbeing for people.
Asset management and investing is our core business. On 15 June 2021, we signed an agreement to acquire a life insurance business in the Baltic States and in 2022 we hope to offer our customers more solutions to strengthen their financial security.
The Group companies operating in Lithuania and Latvia provide services to more than 260 thousand individual and institutional regional and international clients, entrusting the Invalda INVL Group to manage EUR 1.6 billion in different asset classes, such as pension and investment funds, individual portfolios, private equity and other alternative investments.
Founded in 1991 by a group of academics to accumulate funds and carry out investment activities. Over its history Invalda INVL has executed deals worth more than EUR 1.7 bln.
Listed on the stock exchange since 1995.
OMX Vilnius 298.78 969.82 894.84 199.50 -7.72 Invalda INVL 1.943 EUR 16.70 EUR 12.60 EUR 548.48 -24.55
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Index/Shares 01.01.2012 01.012022 31.03.2022
| Group's | Company's | |||
|---|---|---|---|---|
| EUR thousand | 2021 Q1 | 2022 Q1 | 2021 Q1 | 2022 Q1 |
| Non-current assets | 79,349 | 109,041 | 80,746 | 111,637 |
| Current assets | 14,472 | 15,556 | 7,700 | 6,001 |
| Equity | 86,231 | 113,280 | 86,024 | 113,115 |
| Non-current liabilities | 3,936 | 5,049 | 1,592 | 2,089 |
| Current liabilities | 3,654 | 6,268 | 830 | 2,434 |
| Result before taxes | 2,988 | (9,323) | 2,978 | (9,009) |
| Net result | 2,847 | (8,109) | 2,840 | (8,126) |
| Net result attributable to holders of the parent Company |
2,840 | (8,126) | - | - |
Change (%) in 3 months 2022
Change (%) since Jan. 2012
| EUR thousand | Evaluation criteria | 31.03.2021 | 31.03.2022 | |
|---|---|---|---|---|
| Investment into asset management | Equity method | 12,245 | 15,062 | |
| Investments into INVL Life | Equity method | - | 49,928 46,558 |
|
| Other investments | Fair value | 68,411 | ||
| Receivables | Book value | 1,912 | 5,805 | |
| Other assets | Book value | 118 | 123 | |
| Cash and cash equivalents | Book value | 5,760 | 162 | |
| Total assets | Book value | 88,446 | 117,638 | |
| Liabilities | Book value | (2,422) | (4,523) | |
| Net asset value | Book value | 86,024 | 113,115 | |
| Net asset value per share | Book value | 7.36 | 9.63 |
| 31.03.2021 | 31.03.2022 | |||||
|---|---|---|---|---|---|---|
| EUR million (if not stated otherwise) |
Lithuania | Latvia | Total | Lithuania | Latvia | Total |
| Number of clients, thousands |
190.7 | 58.1 | 248.8 | 201.0 | 61.1 | 262.1 |
| Amount earned (loss incurred) for clients |
62.9 | (51.2) | ||||
| Assets under management* |
1,158.9 | 168.0 | 1,326.9 | 1,380.2 | 211.0 | 1,591.2 |
| 2nd pillar pension funds | 657.2 | 166.4 | 823.6 | 779.9 | 209.3 | 989.2 |
| 3rd pillar pension funds | 59.8 | 1.6 | 61.4 | 80.8 | 1.7 | 82.5 |
| Investment funds | 53.7 | - | 53.7 | 44.6 | - | 44.6 |
| Portfolios | 81.4 | - | 81.4 | 91.6 | - | 91.6 |
| Alternative assets | 306.8 | - | 306.8 | 383.3 | - | 383.3 |
| Revenues | 2.5 | 0.3 | 2.8 | 3.1 | 0.3 | 3.4 |
| Investment group | Investments included | Consolidated value of owned investments |
Consolidated profit (loss) from the investment before the impact of income tax |
|---|---|---|---|
| Asset management business (operational part) |
Includes value and result from the management of money entrusted by clients, eliminating own investments of the asset management business |
8.1 | (0.5) |
| Asset management business (investments in collective investment undertakings managed by INVL) |
INVL Baltic Sea Growth Fund, INVL Sustainable Timberland and Farmland Fund II, INVL Renewable Energy Fund I, INVL Baltic Real Estate, INVL Technology, Other products of INVL |
29.9 | 1.6 |
| Insurance business (insurance activities will start only after the completion of the business acquisition) |
Includes value and result after eliminating own investments of the insurance business |
1.0 | - |
| Investments into banking sector |
AB Šiaulių bankas, Moldova-Agroindbank (maib) |
43.5 | (10.8) |
| Historical investments | UAB Litagra, Inservis group companies (sold in May 2022), AB Vernitas, UAB Kelio ženklai (loan) |
26.9 | 0.9 |
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