Capitalia unaudited interim financial statements for Q2, 2018
On key events
During the first half of 2018 we continued our focus on attraction of new clients and cooperation partners in all of the Baltic countries. Also, we continue preparation for refinancing of our bonds that mature in October this year. As typical, client activity is lower during the summer months, what provides us an opportunity to work on improvement of our operating procedures and organizational set-ups. As part of such project, we are continuing reorganization process with the daughter companies in Lithuania and Estonia, where we plan to continue working through branches.
On plans for the next quarter
For the following three months the key focus of Capitalia will be to continue initiated reorganization process, as well as prepare for more active financing season in the autumn. Particular focus we plan to put on development of invoice purchasing product for whom we see great potential in the Baltic States.
Capitalia funds small and medium enterprises in Latvia, Lithuania and Estonia. To date Capitalia has financed working capital and investment needs of more than 1000 companies investing over EUR 30 million in growth of these businesses.