Liven AS's Consolidated Audited Annual Report for 2024
The management board of Liven AS has completed and submitted the consolidated audited annual report for 2024, following approval from the supervisory board. This report will be presented to shareholders at the annual general meeting for subsequent approval. Importantly, there are no variances in financial results when compared to the interim report that was previously published.
Financial Highlights of 2024
In 2024, the Group has demonstrated resilience amidst a challenging economic environment. The company initiated the construction of over 180 new units and signed 129 new contracts under the law of obligation along with 92 real right contracts. These strategic decisions have significantly contributed to Liven AS's performance. The audited revenue for the year reached an impressive EUR 27.3 million, complemented by an operating profit of EUR 1.3 million and a net profit totaling EUR 0.6 million.
Asset and Equity Growth
As of December 31, 2024, Liven AS reported consolidated audited assets amounting to EUR 78.3 million. The equity also saw a positive rise, reaching EUR 18.2 million. These figures reflect the strong foundational growth the company has achieved and sets a promising future trajectory.
Company Insights and Growth Strategies
Liven AS is keen on expanding its market presence while navigating through the intricacies of the current economic landscape. The decision to sign new contracts and commence new units is part of a broader strategy to enhance operational capabilities. This proactive approach ensures that Liven AS is well-positioned to seize further opportunities for growth in the coming years.
Commitment to Stakeholders
The leadership at Liven AS, including CFO Joonas Joost, emphasizes the importance of maintaining transparency and communication with stakeholders. The company's performance and future strategies are significantly influenced by feedback and collaboration with shareholders, ensuring alignment with their expectations.
Looking Ahead
As Liven AS continues to build on its 2024 successes, the company is optimistic about its growth potential. With strategic investments and ongoing projects, Liven AS is poised to thrive in the real estate market. The management remains dedicated to improving its offerings and maximizing value for its shareholders.
Contact Information
For any inquiries, Joonas Joost, the CFO of Liven AS, is available via email at joonas.joost@liven.ee. The organization values customer engagement and welcomes discussions around its strategic direction and financial health.
Frequently Asked Questions
What were the key financial metrics for Liven AS in 2024?
Liven AS reported a revenue of EUR 27.3 million, with an operating profit of EUR 1.3 million and a net profit of EUR 0.6 million.
How many new units did Liven AS begin constructing in 2024?
The Group started the construction of over 180 new units during the year.
What is the total amount of consolidated assets for Liven AS?
As of December 31, 2024, Liven AS had consolidated assets amounting to EUR 78.3 million.
Who can I contact for more information about Liven AS?
For inquiries, you can reach out to Joonas Joost, the CFO, via email at joonas.joost@liven.ee.
What is the significance of the annual general meeting for Liven AS?
The annual general meeting is a crucial event where the audited report is presented for shareholder approval, reflecting the company’s performance and future plans.
