Liven AS reports increased sales and revenue in Q3 despite challenges

From GlobeNewswire: 2024-10-31 03:30:00

Despite no major leaps in the operating environment, there was renewed optimism in the residential property market. Liven signed 95 sales contracts in the first 9 months of 2024, with a 10% market share. They handed over 27 new homes in Q3, resulting in revenue of EUR 7,057 thousand and a net profit of EUR 342 thousand.

The customer satisfaction rating increased to 8.4 out of 10. Key events included starting construction on new projects and acquiring a property in Nõmme, Tallinn. Liven also increased share capital to comply with employee share option schemes.

The market saw increased activity in apartment transactions. Despite stable new development prices, unsold ready-to-move-in apartments remained high at 931 units. The average listing price per square meter in Tallinn was EUR 4,362 in Q3.

Looking ahead, challenges in the external environment will impact demand and sales in Q4 and beyond. Liven expects gradual improvement due to declining interest rates and wage growth. They aim to bring new supply to the market quickly and are prepared for uncertain market conditions.



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