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Invalda INVL group audited results for 2020 Vilnius Stock Exchange: IVL1L

 


Invalda INVL, one of the leading asset management groups in the Baltic regions, had equity of 83.2 million euros at the end of 2020, or 7.11 euros per share, an increase of almost 6% per share. report at the end of 2019 (also taking into account the 9.3 million euros in dividends paid). Invalda INVL’s net profit last year was 5.3 million euros.

The assets of Group companies under management of more than 240,000 customers amounted to 1.25 billion euros at the end of 2020 and increased by nearly 20% during the year. The return on investment achieved for customers during the year amounted to 52.5 million euros.

Asset management company

2020 has been a pretty good year for those who invested with Invalda INVL despite the fact that the global and regional economy has entered a period of challenges and uncertainty. This period continues, having a significant impact on the business climate in general as well as on specific areas, stimulating and causing change.

We have paid and will continue to pay great attention to ensuring that the investments and activities that we manage are fully resilient in the face of the potential negative impact of ongoing processes. Our main priority, however, is to assess and take advantage of current circumstances, and to adapt to the changes taking place, so that the investments of the people who have entrusted us with their money can continue to grow in value and our business. can grow. , grow stronger and fully respond to the needs of our changing world, said Darius ulnis, President of Invalda INVL.

The pension funds managed by the group have increased their portfolios. The INVL Baltic Sea Growth Fund, which is the largest private equity fund in the Baltic region, has acquired two large companies. And the INVL Sustainable Timberland and Farmland Fund II was successfully launched, as was the INVL Partner Global Distressed Debt Fund I, the group’s first product to invest in a distressed debt fund created by a world-class investment management company. . The INVL Baltic Real Estate Fund has made two successful exits, once again showing that the company is capable of creating significant long-term returns for its investors through the real estate business.

Invalda INVL achieved a turnover of 12.36 million euros in the asset management business in 2020, with a profit of 1.8 million euros. The value of Invalda INVL’s strategic asset management activity, recognized in the financial statements using the equity method, amounts to € 13.9 million at the end of 2020.

Investments

The factors that most influenced Invalda INVL’s results, as usual, were changes in the value of its own investment portfolio and the income from that portfolio. The company drew 4.1 million euros from the portfolio in 2020, while the value of its investments, carried at market value, amounted to 70.4 million euros.

Darius ulnis notes that there have been no major changes in the composition of the investment portfolio of Invalda INVLs last year. Investments in the products offered to INVL clients have been deliberately increased further in order to increase the alignment of investor and manager interests.

We manage and invest the assets entrusted to us in a consistent and disciplined manner, based on the needs and expectations of our investors. Let’s develop new products, expand our customer base, and as always have many plans and ideas for future growth and improvement. We believe that we will be able to properly assess the processes and changes taking place in the markets and react to them proactively, preserving sustainability and prudently taking advantage of opportunities as they arise, said the president of Invalda INVL.

The published audited results of the company will be approved at the annual general meeting of its shareholders on April 30 of this year.

The person authorized to provide additional information is:
Darius Sulnis, President of Invalda INVL
Email [email protected]

  • Factsheet_Invalda INVL_2020

  • _Invalda INVL_Annual information for 2020_

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