Last year, the consolidated audited revenue of the commercial real estate development and management company Baltisches Haus were EUR 38.74 million and, as compared to 2018, increased by 5.32%. Last year, the Company, together with its subsidiaries, earned a profit of EUR 24.47 million before interest, taxes, depreciation, and amortization (EBITDA), i.e. by 10.53% more than in 2018. Net profit decreased by 32.46% to EUR 12.55 million.<\/p>\n
\u201cThe increase in the Group\u2019s sales revenue was mainly due to the growth of operating income, i.e., from lease, sublease, and utilities. EBITDA growth was mainly driven by a 16.49% increase in the Company\u2019s operating profit (EBIT). The change in net profit was determined by a significant increase in revenue from investment activities in 2018. The Company did not have such revenue in 2019,\u201d said Baltisches Haus, UAB Director Mr. Audrius Masionis.<\/p>\n
In 2019, revenue from lease and sublease increased by 4.35% compared to 2018 and amounted to EUR 29.95 million. Utility revenues increased by 4.94% to EUR 5.59 million.<\/p>\n
During the year, the cost of sales increased by 5.03% to EUR 21.09 million, while operating expenses decreased by 9.05% to EUR 2.72 million.<\/p>\n
At the end of 2019, the Group\u2019s total assets amounted to EUR 207.96 million and increased by EUR 11.59 million compared to the end of 2018.<\/p>\n
Baltisches Haus owns subsidiaries Limada, Megapil\u0117, OGVY, and Terra Regina operating as RE lease companies.
\nLast year, the average number of employees in the Group was 56.<\/p>\n","protected":false},"featured_media":325,"template":"","class_list":["post-1255","naujienos","type-naujienos","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n