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Invalda INVL Earnings Release 2024
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Earnings Release
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Invalda INVL is the leading Baltic asset management group with an open approach, which grows and develops, and creates well-being for people through its activities.
Invalda INVL, founded in 1991, is a pioneer in private equity management in the Baltic States.
For 30 years Invalda INVL has been listed on Nasdaq Baltic, with its share price increasing more than 300 times.
WHO WE ARE
GROUP OVERVIEW. 31 DECEMBER 2024
€157m Earned for clients in 12 months of 2024
€1.6b +17%YoY AuM 31/12/2024
65investment professionals of whom 28 have significant experience
130 Employees in the group
EXECUTIVES*
*Our team is larger than what fits on a single slide! Explore www.invl.com & www.invlseimosbiuras.com to meet the rest of our professionals.
Alvydas Banys Indrė Mišeikytė Tomas Bubinas Darius Šulnis Raimondas Rajeckas
Vytautas Plunksnis Andrej Cyba Asta Jovaišienė Andrius Načajus Andrejs Martinovs
Board members of Invalda INVL, INVL Asset Management, INVL Family Office, CEO's of these companies and CFO. Part of them are members of the Business Development Committee of Invalda INVL.
INVALDA INVL 31/12/2024
THE MAIN GEOGRAPHY OF OUR BUSINESSES
STRATEGIC BUSINESS
Key metrics of portfolio companies of private equity funds
Revenue €854m
Normalised EBITDA €207m
Employees >12,500
INVALDA INVL GROUP
| NET ASSET VALUE BREAKDOWN | ||||
|---|---|---|---|---|
| € thousand | 31/12/2024 | 31/12/2023 | Δ | |
| Investments | 242,567 | 237,446 | 5,121 | |
| Cash & cash equivalents | 2,467 | 1,305 | 1,162 | |
| Other assets | 367 | 3,098 | -2,731 | |
| Total assets | 245,401 | 241,849 | 3,552 | |
| Total liabilities | (23,360) | (63,819) | 40,459 | |
| NET ASSET VALUE | 222,041 | 178,030 | 44,011 | |
| NET ASSET VALUE PER SHARE | 18.48 | 14.83 | 3.65 |
SHAREHOLDING STRUCTURE
| MAIN ARTICLES OF PROFIT & LOSS STATEMENT |
||||
|---|---|---|---|---|
| € thousand | 31/12/2024 | 31/12/2023 | Δ | |
| Revenue from strategic business | 14,055 | 16,825 | -2,770 | |
| Profit from strategic business (including net changes in fair value) |
17,846 | 39,312 | -21,466 | |
| Profit from other investments | 29,675 | 11,010 | 18,665 | |
| Operating profit | 48,109 | 50,639 | -2,530 | |
| Net profit (Group & Company) | 44,384 | 45,816 | -1,432 |
| FINANCIAL RATIOS | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Return on Equity (ROE), % | 22.19 | 29.67 | ||
| Debt – equity ratio |
0.11 | 0.36 | ||
| Earning per share (EPS), EUR | 3.69 | 3.85 | ||
| Price to Book (P/B) |
1.02 | 0.80 |
| INVESTMENTS' BREAKDOWN | ||||||
|---|---|---|---|---|---|---|
| Company or investment group |
Votes (%) or investments included |
Value, € million |
Profit (loss) from investment, € million |
|||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| Investments into strategic business |
Core companies of strategic business (100%) |
6.6* | 30.2* | 39.4** | ||
| General Partner investments |
74.9 | 59.0 | 17.8 | |||
| Šiaulių bankas | 19.93% | 18.45% | 108.9 | 85.4 | 23.6 | 4.8 |
| maib | 7.45% | 7.92% | 22.4 | 22.2 | 4.8 | 6.1 |
| Litagra | 48.81% | 48.81% | 24.5 | 19.3 | 3.3 | (2.6) |
GROUP OVERVIEW. 31 DECEMBER 2024
NAV PER SHARE AND MARKET PRICE HISTORICAL DYNAMICS
| 31/12/2024 31/12/20 | ||
|---|---|---|
| NAV per share | EUR 18.48 | EUR 14. |
| Market price per share | EUR 18.80 | EUR 11. |
* equity method
** EUR 29.8 million profit from the transfer of the retail business was included