INVL Technology

Earnings Release • Feb 27, 2015

Key information about INVL Technology, AB for 12 months of 2014¹

About INVL Technology, AB

The public joint-stock company INVL Technology was established on 29 April 2014 on the basis of a part of assets split-off from Invalda LT, AB. Shares of INVL Technology are listed on NASDAQ Vilnius stock exchange since 4 June 2014.

INVL Technology – company investing in IT services and industries. At the end of 2014 INVL Technology owned 65.65 percent of shares in BAIP group. At the beginning of 2015 INVL Technology and BAIP group were merged.

At the moment INVL Technology is seeking for opportunities to invest into other IT companies.

INVL Technology, AB later will apply to the Bank of Lithuania for closed-end investment company license and in its essence will become similar to investment fund.

fin cia l ra tio f I hn olo Ke NV L T AB an s o ec gy y ,
EU R tho nd usa	31 -12 -20 14
Ch e in th lue of fin ial e t ets ang rue va anc ass	1, 49 7
fit bef Pro ta ore x	1, 46 9
ofit Net pr	1, 46 9
Va lue of fin ial ets anc ass	6, 40 5
Oth ets er ass	25
AS SE TS	6, 43 0
Equ ity	6, 424
bili Lia ties	6
TO Q ES TA L E UIT Y A ND LI AB ILI TI	6, 43 0

Scope of activity of companies managed by INVL Technology, AB

Key financial information of BAIP group, AB are presented below

lan he f B Ba et AI P g AB ce s o rou p,
EU R m illi on	31 -1 2-2 01 4
No ent set n-c urr as s	4.5
lan nd Pro ert t a uip nt p p eq me y,	0.6
Int ib le a ts ang sse	3.8
her Ot ent set no n-c urr as s	0.1
Cu nt ets rre ass	4.9
Inv ori ent es	0.2
Tra de d o her cei b les t an re va	2.5
her Ot nt ets cu rre ass	1.1
Ca h a nd h e len iva ts s cas qu	1.1
AS SE TS	9.4
Eq uity	3.7
lia bi litie No ent n-c s urr	0.6
In hat fig fin ia l lia bi litie t ure anc s	0.5
Cu lia bi litie nt rre s	5.1
hat fig fin l lia bi litie In t ia ure anc s	2.0
TO Q S TA L E UI TY AN D L IA BI LIT IE	9.4

Key financial ratios of BAIP group, AB

EU R m illi on	20 11	20 12	20 13	20 14
Rev en ue	10. 2	11. 7	14. 7	16. 7
EB ITD A	0.9	0.8	1.2	1.7
Pro fit be for e t ax	0.5	0.1	0.5	1.2
fit Ne t p ro	0.4	0.1	0.4	1.0
Pro fit a ttri but abl uity ho lde f th e to nt eq rs o e p are	0.3	0.1	0.4	1.0

¹ The information covers the interim financial period of the Company, starting from the Company's establishment date on 29 April 2014 and ending on 31 December 2014.