INVL Technology Unveils Investor Presentation
INVL Technology has announced an upcoming presentation aimed at engaging with investors, reaffirming its dedication to transparency and communication within the investment community.
Key Highlights of Company Performance
Recent reports from INVL Technology, a leading player in the IT sector, reveal that its equity and net asset value reached EUR 43.95 million by the end of the latest reporting period. This represents a 1% increase since the start of the year, indicating solid stability in the company's financial standing. The per share value of equity and NAV was reported at EUR 3.6658, reflecting a 1.7% rise since the beginning of the year.
Profitability in 2024
During the first half of 2024, INVL Technology achieved an unaudited net profit of EUR 0.62 million. This marks a notable turnaround from a net loss of EUR 0.44 million in the same period last year, showcasing the company's commitment to improving operational efficiency and profitability.
Preparing Portfolio Companies for Sale
INVL Technology is actively positioning its portfolio companies—NRD Cyber Security, Novian, and NRD Companies—for potential sale. These firms operate in high-demand areas such as cybersecurity, artificial intelligence, and advanced information systems development. Managing Partner Kazimieras Tonk?nas expressed optimism that these companies, recognized leaders in their fields, will attract interest from both regional and international investors.
Revenue and Growth Outlook
The total revenues generated by INVL Technology’s portfolio companies reached 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, gross profit showed resilience, increasing by 7.2% to EUR 8.74 million. Additionally, the aggregated EBITDA saw significant growth, rising 2.2 times to reach EUR 2.28 million.
Revenue Breakdown
In the first six months, the companies recorded EUR 17.47 million in revenue from Lithuanian operations, accounting for 64% of their total revenue, while EUR 9.86 million was generated from international markets.
Overview of the Portfolio
INVL Technology manages 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 remain high for the full year of 2024.
Future Growth Projections
According to Managing Partner Kazimieras Tonk?nas, NRD Cyber Security is expected to maintain its growth momentum, with Novian likely to meet or even exceed its revenue targets for 2023 in the latter half of the year. NRD Companies are also projected to see profit improvements, following significant growth reported in 2023.
Performance Data Overview
In the first half of 2024, NRD Cyber Security reported a remarkable 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, with EBITDA growing by an impressive 42.3% to EUR 570,000.
On the other hand, NRD Companies reported consolidated revenues of EUR 5.02 million for January-June, reflecting a 19.4% decrease compared to the first half of 2023. Their gross profit remained stable at EUR 2.49 million, nearly unchanged from the previous year, while the group’s EBITDA improved by 3.9% to EUR 590,000.
Novian has also shown strong performance, achieving total revenues of EUR 16.43 million in the first half of 2024. Although this represents an 11.1% decrease from the same period last year, the gross profit increased to EUR 3.75 million, marking an 11.3% rise. Furthermore, the group's EBITDA skyrocketed to EUR 1.12 million, a staggering 5.5 times increase compared to the same period in 2023.
Strategic Partnerships for Growth
Earlier this year, INVL Technology made headlines by entering into a strategic agreement with Corum Group, which aims to advise and facilitate merger and acquisition transactions for the company’s portfolio. This partnership highlights INVL Technology’s proactive approach to enhancing shareholder value through strategic divestitures.
Managed by INVL Asset Management, a recognized leader in alternative asset management in the Baltic region, INVL Technology operates as a closed-end investment company with a defined timeline to exit its investments and distribute funds to shareholders by July 2026.
Contact Information
For further inquiries, please 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 primarily invests in IT businesses, concentrating 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, a significant improvement compared to a loss during the same period last year.
Which companies are included in INVL Technology's portfolio?
The portfolio features NRD Cyber Security, Novian, and NRD Companies, each specializing in various aspects of IT and cybersecurity.
What are the growth expectations for INVL Technology?
Strong growth is anticipated for its portfolio companies in 2024, particularly in terms of revenue and profitability.
How does INVL Technology support its portfolio companies?
INVL Technology offers management and strategic guidance to enhance the performance and competitiveness of its companies in the market.
