Unaudited interim financial statements for Q2, 2022

On operating results
In the first half of 2022 Capitalia reported turnover of EUR 648 thousand and profit of EUR 104 thousand. Despite the extraordinary economic and political conditions, the business environment has remained favorable and interest in financing among small and medium sized companies was stable. 

On key events
In the last quarter of the year Capitalia issued new financing in the amount of EUR 4.9 million (EUR 3.8 million in the previous quarter). Among the financed businesses during this period were, for example, such companies as Ceranos Invest (manufacturing), Z Haus (real estate development) and Finto Capital (car leasing). Altogether, interest in the business financing has been strong.  

In the alternative fund management, we have completed venture capital investments in Scratcher (Denmark), in investment round led by Innovestor (Finland) and Bolt Technologies (Estonia) in secondary transaction led by Specialist VC (Estonia). We have raised the first close amount for a new cost-efficient Baltic bond fund that we are preparing to launch in the Q3 of 2022.  

On plans for the next quarter
We believe that over the third quarter of 2022 the business financing activity will be relatively low as summer months are typically low season in activity. We are continuing work on licensing our funding platform in Latvia and expect that this process will finish in the last quarter of this year.  
Published by at. 14:57