INVL Technology Announces Investor Presentation and Updates
INVL Technology Announces Investor Presentation
INVL Technology announces a presentation intended for meetings with investors, demonstrating its ongoing commitment to transparency and engagement with the investment community.
Company Performance Highlights
In recent reports, INVL Technology, a prominent investor in the IT sector, disclosed that its equity and net asset value reached EUR 43.95 million at the end of the recent reporting period, marking a 1% increase from the beginning of the year. This reflects a strong stability in the company’s financial position, with its per share value of equity and NAV reported at EUR 3.6658, up by 1.7% since the year's inception.
Profitability in 2024
For the first half of 2024, INVL Technology generated an unaudited net profit of EUR 0.62 million. This turnaround is significant compared to a net loss of EUR 0.44 million during the same period in the previous year, highlighting the company's efforts to enhance operational efficiency and profitability.
Focus on Portfolio Companies
INVL Technology is actively preparing its portfolio companies, including NRD Cyber Security, Novian, and NRD Companies, for potential sale. These firms operate in high-demand sectors such as cybersecurity, artificial intelligence, and advanced information systems development. Managing Partner Kazimieras Tonk?nas expressed confidence that these companies, recognized leaders in their respective fields, are poised to attract interest from both regional and international investors.
Company Revenues and Growth Prospects
The combined revenues of INVL Technology’s portfolio companies amounted to EUR 27.34 million in the first half of the current fiscal year, reflecting a 6% decline compared to the same period last year. However, the gross profit demonstrated resilience with a 7.2% increase, reaching EUR 8.74 million. Additionally, the aggregated EBITDA saw marked improvement, growing 2.2 times larger to reach EUR 2.28 million.
Revenue Breakdown
In the first six months, the companies recorded EUR 17.47 million in revenue derived from Lithuanian operations, representing 64% of their total revenue, while they generated EUR 9.86 million from international markets.
Portfolio Overview
INVL Technology holds a management role over key companies such as NRD Cyber Security, NRD Companies focused on GovTech solutions, and Novian, an IT service provider in the Baltic region. Given their recent performance, expectations for strong results continue for the full year of 2024.
Projected Growth and Future Outlook
According to managing partner Kazimieras Tonk?nas, NRD Cyber Security is anticipated to sustain its growth trajectory, alongside Novian, which is positioned to meet and potentially surpass its 2023 revenue benchmarks in the latter half of the year. NRD Companies are also expected to see profit enhancements, even after significant growth reported in 2023.
Specific Performance Data
In the first half of 2024, NRD Cyber Security experienced a robust 32.4% increase in consolidated revenue from the previous year, reaching EUR 3.64 million. The company’s gross profit also rose to EUR 1.91 million, alongside a remarkable EBITDA growth of 42.3%, amounting to EUR 570,000.
Meanwhile, NRD Companies reported consolidated revenues of EUR 5.02 million in January-June, a 19.4% decrease from the first half of 2023. Their gross profit remained stable at EUR 2.49 million, nearly identical to the previous year, while the group’s EBITDA improved by 3.9% to EUR 590,000.
Novian's performance has been noteworthy as well, recording total revenues of EUR 16.43 million in the first half of 2024. Although this figure reflects an 11.1% decrease compared to last year’s first half, the gross profit increased to EUR 3.75 million, demonstrating an 11.3% uplift. Additionally, the group's EBITDA surged to EUR 1.12 million, a staggering 5.5 times increase from the same period in 2023.
Strategic Partnerships
Earlier in the year, INVL Technology made headlines by signing a strategic agreement with Corum Group, aimed at advising and facilitating merger and acquisition transactions for the company’s portfolio. This partnership underscores INVL Technology’s proactive approach to maximizing shareholder value through strategic divestitures.
INVL Technology is managed by INVL Asset Management, recognized as a leading alternative asset manager in the Baltic region. As a closed-end investment company, INVL Technology has a defined timeline to exit its investments and distribute the funds to shareholders by July 2026.
Contact Information
For more information, contact:
Kazimieras Tonk?nas
Managing Partner, INVL Technology
E-mail: k.tonkunas@invltechnology.lt
Frequently Asked Questions
What is INVL Technology's focus?
INVL Technology invests primarily in IT businesses, focusing on sectors like cybersecurity and artificial intelligence through its portfolio companies.
What were INVL Technology's recent financial results?
The company reported a net profit of EUR 0.62 million in the first half of 2024, compared to a loss in the same period last year.
Which companies are included in INVL Technology's portfolio?
The portfolio includes NRD Cyber Security, Novian, and NRD Companies, each specializing in different aspects of IT and cybersecurity.
What are the growth expectations for INVL Technology?
Strong growth is anticipated for its portfolio companies in 2024, especially in revenue and profitability.
How does INVL Technology support its portfolio companies?
INVL Technology provides management and strategic advice to enhance the performance and market competitiveness of its companies.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
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