From GlobeNewswire: 2025-01-30 02:30:00

Summary:
Liven’s residential property market showed signs of renewed optimism with 129 sales contracts signed in 2024, the highest annual performance to date. Market share in Tallinn increased to 10%, generating EUR 42 million in sales revenue. The customer satisfaction score improved to 9.2 out of 10.

Financially, Liven delivered 92 new homes, with revenue of EUR 27,266 thousand and a net profit of EUR 558 thousand. Assets increased to EUR 78,298 thousand. The company received new bank loans of EUR 4,110 thousand and repaid EUR 1,302 thousand of earlier loans during the quarter.

In the economic environment, inflation slowed, leading to a 25 basis points cut in key interest rates by the ECB. Despite rising consumer prices in Estonia, consumer confidence remained low. Homebuyer activity increased, with a 14.8% rise in apartment transactions in Tallinn.

Looking ahead, Liven faces challenges in the market due to external factors affecting demand and sales. The company expects to deliver up to 194 residential and commercial units in 2025 with potential sales of EUR 75 million. Improvement in financial performance is expected in 2025 and 2026, aiming for a 20% return on equity.



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