Unaudited interim financial statements for Q2, 2021

In the first quarter of 2021 Capitalia reported turnover of EUR 626 thousand and profit of EUR 138 thousand. The Company reported good financial results in the second quarter of the year as a result of active business financing interest and successful completion of a number of restructuring projects. In anticipation to upcoming bond refinancing our liquidity and balance sheet position has remained strong with significant available cash reserve.

In the first quarter of the year Capitalia issued new financing in the amount of EUR 4.39 million (EUR 4.69 million in the previous quarter). Among the financed businesses during this period where, for example, such companies as Maudis (manufacture of saunas), Finto Capital (car leasing services) and Panamir (manufacturer of cocoa products). Altogether, interest in the business financing has showed an increasing trend. 

During the reporting quarter we have continued to develop alternative services and part of such strategy we have closed one business sale project and are working on two additional transactions. We have actively started provision of advisory on debt financing attraction from banks and state institutions. Also, we are in the final stage for raising our first alternative investment fund that will conduct venture capital co-investment deals with the leading venture capital funds in the Baltic region. 

We believe that over the third quarter of 2021 the financing activity will remain strong. In addition to growing the financing portfolio we will continue working on developing our advisory services to consolidate our position as trusted advisors both to businesses and investors.  
Published by at. 16:08