Last year, “Baltisches Haus” sales revenue grew by 5.07%.

Last year, Baltisches Haus sales revenue grew by 5.07%.

The consolidated audited sales revenue of Baltisches Haus reached EUR 49.97 million last year, representing an increase of 5.07% compared to 2023.

Excluding the impact of a one-time transaction completed in 2024, the company, together with its subsidiaries, recorded an increase of 5.02% in earnings before interest, taxes, depreciation, and amortization (EBITDA), reaching EUR 30.94 million in 2024.

In total, the group earned EUR 19.03 million in net profit – 12.34% more than in 2023.

Eliminating the impact of the one-time transaction, rental and sublease income in 2024 increased by 4.95%, or EUR 1.79 million, amounting to EUR 37.93 million.

“The increase in sales revenue compared to 2023 was mainly driven by the growth in rental and sublease income (EUR 1.79 million) and maintenance service income (EUR 0.54 million). The growth in rental and sublease income was influenced by newly signed or extended lease agreements and increased revenue due to rent indexation. The increase in maintenance income was mostly due to higher prices for maintenance services,” said Baltisches Haus Director Audrius Masionis.

According to the company’s donation policy, 4–5% of the net profit is allocated to support annually. “For nearly 30 years, we have consistently and purposefully supported organizations in the fields of education, culture and arts, and social initiatives. In 2024, the total amount of support granted to all partners amounted to EUR 0.74 million,” said A. Masionis.

The group’s cost of sales increased by 2.54% over the year, amounting to EUR 25.46 million, while operating expenses rose by 5.85%, totaling EUR 3.44 million.

“Looking ahead, we aim to continue our path of sustainable growth and maintaining strong relationships with clients.
We expect to successfully implement our planned real estate development projects, which will not only strengthen our market position but also secure additional revenue streams.
Additionally, we will remain focused on improving operational processes, digitization, and strengthening project management competencies,” stated Audrius Masionis.

By the end of 2024, Baltisches Haus owned the real estate leasing subsidiaries Limada, Megapilė, and Terra Regina.

In 2024, the average number of employees in the group was 51.