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SUTNTIB AB Tewox audited consolidated and separate annual financial statements for 2024
Globenewswireยท 2025-04-29 11:49
Financial Results - The Company aims to generate returns for shareholders through investments in income-generating real estate in the Baltic Sea Region, including Lithuania, Latvia, Estonia, Finland, Sweden, Denmark, Poland, and Germany [2] - As of December 31, 2024, the Company's total assets were EUR 75.648 million, total equity was EUR 43.448 million, and total liabilities were EUR 32.200 million [5] - The Company's investment assets at fair value through profit or loss increased by EUR 4.029 million (6.21%) compared to December 31, 2023, totaling EUR 69.908 million [5] - The Company reported a total comprehensive income of EUR 3.344 million for the year 2024 [5] Key Events - In 2024, the Company acquired investment properties valued at approximately EUR 23.9 million, including commercial buildings and land plots in Lithuania and Poland [5] - The Company issued private bonds with a nominal value of EUR 9.974 million and redeemed private bonds worth EUR 26.570 million during 2024 [5] - A public bond offering prospectus for EUR 35 million was approved on August 13, 2024, and the Company issued bonds totaling EUR 23.774 million during the year [5] - The third tranche of the public bond issuance was completed on January 19, 2025, with bonds issued totaling EUR 11.226 million [5] Shareholder Meeting - The shareholders will vote on the approval of the Group's and Company's 2024 financial statements at a meeting scheduled for April 30, 2025 [4][5] - Proposed profit distribution includes allocating EUR 1.275 million as dividends and transferring EUR 167,220 to the legal reserve [6] - Additional agenda items for the shareholders' meeting include amendments to the Company's Articles of Association and the establishment of an Audit Committee [6]