INVL Baltic Farmland Report: Growth and Stability Insights
INVL Baltic Farmland's Growth in Nine Months of 2024
For the first nine months of 2024, AB INVL Baltic Farmland reported a consolidated net profit of EUR 344 thousand, alongside revenue amounting to EUR 605 thousand. When compared to the same period last year, where the profit was EUR 315 thousand and the revenue was EUR 569 thousand, this marks a notable improvement.
Revenue and Profit Analysis
During this timeframe, INVL Baltic Farmland's revenue demonstrated a 6.3% increase year-on-year, highlighting the company’s resilience amid fluctuating market conditions. Their net profit also saw a robust increase of 9.2% compared to the first nine months of 2023, showcasing effective operational management.
Equity Growth and Shareholder Value
As of September 2024, the company’s equity reached EUR 18.25 million, translating to EUR 5.65 per share. This reflects a significant growth of 16.6% in equity per share when taking into account dividends, evidencing raising shareholder value and confidence.
Market Challenges and Management Response
The agriculture sector has encountered various obstacles this year, particularly related to adverse climate conditions and spikes in grain price. However, Just? Gumovskien?, the director of INVL Farmland Management, affirmed that the prevailing sentiment within the sector is optimistic as the circumstances are believed to have stabilized. The management remains dedicated to efficient asset oversight.
Performance Comparison with Previous Year
In 2023, INVL Baltic Farmland recorded a revenue of EUR 794 thousand, with net profits amounting to EUR 2.643 million. This was a notable increase of 10% and 34%, respectively, compared to 2022, indicating consistent growth and performance improvement over the years.
Future Projections for the Company
Looking ahead, INVL Baltic Farmland projects a consolidated revenue of EUR 835,000 and a net profit of EUR 420,000 for 2024. These projections are based on the assumption that there will be no substantial changes to the current value of the company’s land holdings, no new land purchase or sale agreements, and an unchanged impact of trade receivables.
Land Holdings and Business Model
The company operates approximately 3,000 hectares of agricultural land within its subsidiaries, which are leased out to various agricultural enterprises and farmers. This strategic management of land assets is integral to INVL Baltic Farmland's business model, ensuring sustainable income streams.
Management Contact Information
The authorized representative for any further inquiries is Egle Surpliene, Director, reachable at egle.surpliene@invaldainvl.com.
Frequently Asked Questions
What are the main financial results for INVL Baltic Farmland in 2024?
INVL Baltic Farmland reported a net profit of EUR 344 thousand and revenue of EUR 605 thousand for the first nine months of 2024.
How has the company’s revenue changed compared to last year?
The company’s revenue in 2024 increased by 6.3% compared to the same period in 2023.
What challenges did the agricultural sector face this year?
Challenges included adverse climate conditions and fluctuations in grain prices, yet the outlook remains optimistic.
What is the company’s projected revenue and profit for 2024?
For 2024, INVL Baltic Farmland projects revenue of EUR 835,000 and a net profit of EUR 420,000.
What is the extent of INVL Baltic Farmland's land holdings?
INVL Baltic Farmland holds around 3,000 hectares of agricultural land, primarily leased to farmers and agricultural companies.
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