AS Pro Kapital Grupp informs that it is redeeming 6 900 “EEK 7.00 PRO KAPITAL GRUPP CONV. BOND PKG3 10-2020” convertible bonds (with ISIN EE3300108711) in total nominal value of 69 000 Estonian kroons and issue value of 19 320…
Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the six months of 2022. Distributions to unitholders for Q1 2022 and Q2 2022 Fund results On 28…
Despite the continued difficult external environment, the second quarter and first half of 2022 were overall profitable for the group. The increase in sales revenue also continued, which is largely based on the fulfillment of construction contracts concluded in previous…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 88 million in Q2 2022, and EUR 156 million in H1 2022, while the respective figures for net profit were EUR 4.2 million and EUR 7.2 million. This year, Merko has delivered…
The consolidated revenues of Hepsor for the first six months of 2022 amounted to 4.0 million euros (including 2.7 million euros in Q2 2022) and a net loss of 0.3 million euros (including 0.3 million euros in Q2 2022). The…
The net asset value (NAV) of the EfTEN United Property Fund was 10.82 euros as of June 30, 2022, increasing by 1.8% over the month. Since the start of the fund in June 2021, the NAV of the fund has…
Decision on quarterly cash distribution Northern Horizon Capital AS as the management company of Baltic Horizon Fund has approved a cash distribution of approx. 1.17% of Baltic Horizon Fund’s Q2 2022 weighted average net asset value to its unitholders. This…
The fund manager’s comments on the financial results of the first half-year of 2022 The first half-year of 2022 turned out to be successful for EfTEN Real Estate Fund III AS. The fund’s revenue increased to EUR 6.988 million, i.e.…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the fourth stage of Erminurme residential development project in Tartu Parish. The stage includes three buildings at Erminurme Road 14, Erminurme Road 18 and Erminurme Road…
In June, consumer prices rose by 21.9% year-on-year and by 2.7% month-on-month. The price increase accelerated again in annual and monthly terms. Energy accounted for around 60% of the total increase in prices. The price of electricity has doubled, and…
On 29.06.2022 AS Trigon Property Development and Osaühing EGESTEN concluded a real right agreement on sale of real estate property belonging to AS Trigon Property Development. The land sold was a part (10032/18918 or 10,032 sqm) of Arukase 5 in…
The net asset value per unit (NAV) of the EfTEN United Property Fund was 10.63 euros as of 31.05.2022, increasing by 0.1% during the month. Of the fund’s largest investments, the value of the EfTEN Kinnisvarafond II and the Menulio…
A repeat Annual General Meeting of Baltic Horizon Fund investors took place on 21 June 2022 in Stockholm, Sweden. The repeat meeting was convened as the required quorum was not reached during the initial Annual General Meeting on 7 June…
SIA Merks Mājas, part of AS Merko Ehitus group, has started the construction of the first stage of Merks Magnolijas residential project in Pārdaugava area in Riga. Two three-storey buildings at Skrines St. 6 and 8 with 96 apartments will…
Over the quarter, housing affordability deteriorated in all three Baltic capitals. Compared with the same period last year, the housing affordability index (HAI) increased in Vilnius but declined in Riga and Tallinn, with the Estonian capital registering a more pronounced…