December 17, 2017 7:16 PM ET

Real Estate Management and Development

Company Overview of New Hanza Capital, AS

Company Overview

New Hanza Capital, AS provides commercial property management and maintenance services in Riga, Munich, Hamburg, and Luxembourg. It invests in and acquires commercial properties and manages third parties’ funds, as well as collaborates with professional property management companies. New Hanza Capital, AS was formerly known as Pillar Investment Group, SIA and changed its name to New Hanza Capital, AS in December 2016. The company was founded in 2006 and is based in Riga, Latvia. New Hanza Capital, AS operates as a subsidiary of Pillar Investment Group, SIA.

28A Pulkveza Brieza Street

Riga,  1045

Latvia

Founded in 2006

Phone:

371 6701 5666

Key Executives for New Hanza Capital, AS

Chairman of Executive Board and Chief Executive Officer
Deputy Chief Executive Officer and Member of Executive Board
Compensation as of Fiscal Year 2017.

New Hanza Capital, AS Key Developments

New Hanza Capital, AS Reports Unaudited Consolidated and Separate Earnings Results for the Nine Months Ended September 30, 2017

New Hanza Capital, AS reported unaudited consolidated and separate earnings results for the nine months ended September 30, 2017. For the period, on consolidated basis, the company reported revenue of EUR 893,666 compared to EUR 229,058 a year ago. Profit before tax was EUR 210,878 compared to loss before tax of EUR 102,784 a year ago. Profit for the period was EUR 173,445 compared to EUR 28,363 a year ago. Net cash flows to operating activities were EUR 5,700,360 compared to EUR 5,947,656 a year ago. Purchase of property, plant and equipment and intangible assets was EUR 75,267. EBITDA was EUR 332,211 compared to LBITDA of EUR 41,009 a year ago. Negative return on equity was 0.0023%. For the period, on separate basis, the company reported revenue of EUR 103,670 compared to EUR 61,173 a year ago. Loss before tax was EUR 88,360 compared to EUR 75,525 a year ago. Loss for the period was EUR 75,106 compared to EUR 60,099 a year ago. Net cash flows to operating activities were EUR 196,637 compared to net cash flows from operating activities of EUR 213,085 a year ago. Purchase of property, plant and equipment and intangible assets was EUR 66,088.

New Hanza Capital, AS Reports Unaudited Consolidated and Company Earnings Results for the Six Months Ended June 30, 2017

New Hanza Capital, AS reported unaudited consolidated and company earnings results for the six months ended June 30, 2017. For the period, on consolidated basis, revenue was EUR 611,567 against EUR 111,568 a year ago. Profit before tax was EUR 137,848 against loss of EUR 60,247 a year ago. Profit for the period was EUR 115,778 against EUR 6,720 a year ago. Net cash flows to operating activities were EUR 4,526,278 against EUR 606,687 a year ago. Purchase of property, plant and equipment was EUR 66,208. EBITDA was EUR 207,970 against loss of EUR 35,432 a year ago. FFO was EUR 116,574 against EUR 6,720 a year ago. Return on equity was negative 0.28%.Return on assets was negative 0.18%. For the period, on company basis, revenue was EUR 79,264 against EUR 40,246 a year ago. Loss before tax was EUR 89,182 against EUR 39,252 a year ago. Loss for the period was EUR 75,805 against EUR 31,431 a year ago. Net cash flows to operating activities were EUR 225,062 against cash from operating activities of EUR 277,864 a year ago. Purchase of property, plant and equipment was EUR 61 622.

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