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Storent Investments AS interim report for 2st quarter 2021
Emitents Storent Investments, AS (894500QUY4PL0DT0MP25)
Veids 1.2 Pusgada finanšu pārskati un revīzijas ziņojumi / ierobežotas pārbaudes
Valoda EN
Statuss Publicēts
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Datums 2021-07-30 10:54:14
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Teksts

Storent Group's revenue increased by 17% in Q2 2021 compared to Q2 2020, mainly due to the construction market growth. Despite negative impact of Covid-19 restrictions on economy in general rental equipment market showed positive trend. In spring time activity in construction and equipment rental rapidly increased, ensuring stable rental equipment demand. Company is continuing costs optimisation process which has resulted into significant loss decrease, comparing with the same time period last year.  Creation of full cycle rental platform with digital authorisation and e-signed documents was a winning strategy in times of Covid-19. Despite any restrictions it enables to rent equipment fast and safe.  

In June, Storent Investments AS repurchased securities in the amount of EUR 1,545,800 according to maturity date of terms and condition. The Group continues to sell older fixed assets to continues Groups strategy with lighter balance sheet structure and reduced amount of liabilities.

 

Baiba Onkele

AS Storent Investments CFO

Mobile: + 371 29340012

E-mail: baiba.onkele@storent.com

www.storent.com

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