Published: 2020-05-25 11:49:33 CEST
Mainor Ülemiste
Company Announcement

Mainor Ülemiste AS Audited Consolidated Annual Report 2019

The audited consolidated annual report of 2019 were approved on 22 May 2020 by the Annual General Meeting Of Shareholders Of Mainor Ülemiste AS.

In 2019, the company was mainly engaged in the construction of new buildings, renovation of existing buildings, renting new and renovated premises and with the preparation of new real estate projects. Mainor Ülemiste AS consolidated turnover in 2019 amounted to 10,564 thousand euros (2018: 8,798 thousand euros), other operating income amounted to 947 thousand euros (2018: 2,811 thousand euros) and net income amounted to 12,102 thousand euros (2018: 9,334 thousand euros). As of the end of the financial year the total equity of the company was 109,742 thousand euros.

In 2019, a total of 14,406 thousand euros was invested into the construction of buildings and improvement of equipment. The amount of received loans during 2019 was in total 47,367 thousand euros and loan repaiments reached 38,632 thousand euros.

The  fair value of real estate investments of Mainor Ülemiste AS as of the end of the year was 137,780 thousand euros and it has increased compared to the previous year by 15,150 thousand euros.

The audited consolidated annual report for 2019 of Mainor Ülemiste AS is available on the Nasdaq Tallinn web page.


Margus Nõlvak


Phone: +372 504 1010

         Mainor Ülemiste AS
         Valukoja 8/1
         11415 Tallinn, Estonia
         Phone: +372 5304 6992

Mainor Ulemiste AS Audited Consolidated Annual Report 2019.pdf