Core Points - Hepsor AS reported a consolidated sales revenue of 8.2 million euros for Q1 2025, a significant increase from 2.3 million euros in Q1 2024 [1] - The Group's net loss for Q1 2025 was 0.1 million euros, an improvement from a net loss of 1.0 million euros in Q1 2024 [2] - The company plans to distribute 1.0 million euros in dividends to shareholders in 2025, resulting in a dividend yield of 6.9% based on the share price as of 31 March 2025 [2] Development Projects - Hepsor continued construction and sales of its development projects, with customer interest remaining stable [3] - The Annenhof Mājas project in Latvia saw 60% of its apartments sold by the end of March 2025 [3] - The company handed over 42 homes to customers in Q1 2025, compared to 12 homes in the same period of 2024 [4] Leasing and Commercial Developments - The StokOfiss 34 project in Riga has seen lease agreements cover 47% of its total rental area as of 31 March 2025, up from 6% in 2024 [5] - The P113 Health Centre office building has achieved an 82% leasing rate as of 31 March 2025 [6] Future Plans - Hepsor plans to start construction on four new residential development projects in 2025, including 49 new homes at Manufaktuuri 12 in Tallinn [8] - The company signed a shareholders' agreement to sell a 50% stake in Hepsor SOF OÜ, which will acquire five properties valued at 9.0 million euros [7] - The cooperation project with EfTEN in Lasnamäe aims to construct approximately 300 apartments, with the first stage of construction planned to begin in 2026 [7] Financial Position - As of 31 March 2025, total assets were reported at 83.9 million euros, a decrease from 96.8 million euros in March 2024 [9] - Current liabilities decreased to 24.7 million euros from 44.7 million euros in March 2024 [9] - Total equity stood at 21.6 million euros, slightly down from 21.2 million euros in March 2024 [11]
Correction: Hepsor AS consolidated unaudited interim report for Q1 2025
Globenewswire·2025-04-30 10:02