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INC1L INVL Technology SUTPKIB News Story

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Lithuania's INVL Technology swings to Q1 profit

Overview

Lithuania IT investment firm's Q1 net profit rose after a loss in prior-year period

Net asset value and equity both increased about 1% since start of year

Portfolio companies' Q1 revenue and EBITDA rose sharply, driven by demand and higher order profitability

Result Drivers

SERVICE DEMAND - Co said growing demand for services contributed to improved results

ORDER PROFITABILITY - Co attributed higher Q1 profit to increased profitability of orders

PORTFOLIO COMPANY GROWTH - Portfolio companies reported higher revenue and gross profit, especially at NRD Companies and Novian

Company press release: ID:nGNE34R6qP

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Net IncomeEUR 823,000
Q1 Net Asset ValueEUR 65.50 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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