From GlobeNewswire: 2025-04-30 02:30:00

The recovery from market lows continued in the first quarter of 2025 with 25 contracts signed, contributing to sales revenue. The weekly sales ratio remained stable at 1.9%, with presales totaling 104 contracts valued at 40.7 million euros for completion in 2025. Cash and cash equivalents increased to 9,916 thousand euros.

In the first quarter of 2025, no new construction completions occurred, resulting in a net loss of 705 thousand euros. Total assets grew to 88,810 thousand euros, with total borrowings increasing to 57,684 thousand euros. Construction loans increased primarily in the Regati and Iseära projects.

Customer satisfaction increased to 9.5 out of 10, and key events included guarantee issuance for development projects and loan agreements. A public offering of green bonds was oversubscribed, leading to an increased offering size. New projects were introduced, and a cooperation agreement was established for a joint venture.

Economic environment trends showed a decline in Euribor rates and inflation in Estonia. Consumer prices rose by 4.4% in Q1 2025, with wage growth outpacing price increases. Apartment transactions decreased in Tallinn, while offer prices and transaction volume for new developments fluctuated.

Outlook for the future includes continued recovery in the economic environment and demand for residential real estate. Financial results in Q1 were as expected, with plans to deliver up to 194 units in 2025. Revenue is expected to reach around 55 million euros, with the majority of revenue generated in the second half of the year.

Construction completions and home deliveries are planned for the second half of the year, contributing to a decrease in the balance of borrowings. Real estate development involves long-term results and marketing costs, with ongoing efforts in pre-sales and new projects. The development portfolio is secure for the next 4-5 years, with plans for expansion.



Read more at GlobeNewswire:: Liven AS – Consolidated unaudited interim report for the I