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INVEST IN BONDS! ONLY UNTIL APRIL 14
Key Numbers
€ 47.8m¹
Consolidated revenue (2024)
11%
Baltic market share
100%
Latvian capital
The financial data of 2024 is not audited
€ 13.3m¹
Consolidated EBITDA (2024)
#1
Leader in rental process digitalization and online sales
€ 160+m
Total rental fleet Company operates (2024 December)
€ 0.8m¹
Consolidated EBT (2024)
30
Rental Depots
(2024 January)
251
Employees (2024 December)
Global Market
Share in 2023 consolidated Storent revenue
Number of Storent rental depots
What is Storent Holding?
Founded in 2008 during an economic crisis, Storent has grown into a serious player in the Baltics, Sweden, and Finland, holding a strong market position in construction equipment rental. 30 rental depots in 5 countries provide a diverse range of equipment for construction, infrastructure, manufacturing, agriculture, renovation, events, and more.
We are Rental Equipment Experts. While others are just beginning to embrace innovation, Storent has been at the forefront of technological advancements since day one, staying 16 years ahead of competitors.
We are built for resilience. We have proven our ability to navigate market downturns, successfully adapting to economic shifts while maintaining a flexible, diversified portfolio.
From day one, we have focused on automation and data-driven decision-making. Our proprietary ERP system integrates CRM, equipment maintenance, financial management, and operational planning, ensuring maximum efficiency and customer satisfaction.
As we continue to expand, one thing remains certain: while others are still considering their next move, Storent is already taking action.
Values
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Key Pillars of Storent
Equipment
Operating a fleet worth over €160 million across 20 product groups, partnering with trusted brands for long-term success. Serving a diversified portfolio across 8 market segments.
People
Driven by a visionary owner and a team of experts, supported by strategic motivationprograms and united team who shares company values.
Technologies
Leading the industry in digitalization and online sales, leveraging deep data analysis
to manage operations and
automate work.
Extensively Diversified Fleet Portfolio
Highly Diversified Market
Civil Construction
Road Infrastructure
Military
Manufacturing
Farming
Renovation
Entertainment Events
Energy Sector
Technologies
Cloud-based solutions across all five operating countries
Intelligent Rental Management System (IRMS)
Microsoft Dynamics 365 for finance and operations
Business intelligence system Microsoft Power BI
Start of the subscription
period
March 31, 2025
Timeline
End of subscription period
April 14, 2025
Results announcement
April 15, 2025
Issue of the bonds
TBD
Bond maturity date
TBD
Owners
Andris Pavlovs
Chairman of the
Board/Owner
Eri Esta
Deputy Chairman of the Supervisory Board and Owner
Supervisory Board
Mišels Zavadskis
Chairman of the
Supervisory Board
Eri Esta
Deputy Chairman of the Supervisory Board and Owner
Daiga Auzina-Melalksne
Independent Member of the Supervisory Board
Management Board
Andris Pavlovs
Chairman of the
Board/Owner
Baiba Onkele
Member of the
Board / CFO
Storent is Listed on the
Nasdaq Baltic Regulated Market Since 2018
Transparent Financial Reporting
Stable Market
Presence
High Standards of Corporate Governance
Already Trusted by Approximately 2,500 Investors
Bond Offering Overview
Listing | Nasdaq Baltic Bond List |
Tenor | 3 years |
Maturity date | ################# |
Nominal value | EUR 100 |
Coupon payment | Quarterly |
Coupon rate | ## % |
Issue size | EUR ## mln |
Guarantee | Guarantee by Storent SIA and Storent UAB |
Issue typ | Guaranteed |
ISIN | ################# |
Issuer | Storent Holding AS |
Base Prospectus and Supplement
Base Prospectus and Supplement.pdf
Final Terms
Final Terms Storent Holdings SIA Second Series.pdf
Summary (LV)
Issue Specific Summary LV.pdf
Frequently Asked Questions
The Storent bond issue is open to any institutional or private investors with a securities account registered at a Baltic commercial bank or a brokerage company.
Annual interest rate of 2024/2026 Storent bonds is 10% paid quarterly. It means that for every bond purchased the investor will receive interest payment of EUR 10 for each full year on top of return of principal investment.
We have a data-based and ambitious business expansion strategy formed by our professional team, that we will carry out. The proceeds from the issue of the Notes will be used for general corporate purposes and any possible future acquisitions.
We diligently capitalize on every opportunity to foster the growth of our business. In 2023, during the public offering of its bonds Storent Holdings attracted EUR 15 million. This year we have found new opportunities to grow and intend to use additional bonds to do so.
For Latvian residents – tax is not withheld if the individual is keeping securities in his investments account. Otherwise, there will be personal income tax withheld in the amount of 20%. For individuals who are residents of other countries and from legal entities tax is not withheld.
Investors' rights protection comes in three forms:
a) financial covenants such as minimum equity ratio of 35% and maximum Net debt/EBITDA ratio of 2.5 ensure that Storent's financial risk is relatively low;
b) guarantee from the group's main operating company Storent SIA;
c) bonds will be listed on a regulated market segment (Nasdaq Baltic Bond List) which is supervised by the Bank of Latvia.
How to Buy?
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Didn’t Find Your Bank?
If you are not a client of any of these banks, please contact Storent Holding for further steps.
Investor Relations
Executive Board
Klavs Otisons
Head of Development
Baiba Onkele
Member of the Board / CFO
Country Management Team
Guntis Grinbergs
Country Manager
Simas Kazlauskas
Country Manager
Sven Kinsigo
Country Manager
Jonas Wennlund
Country Manager
Antti Jussila
Country Manager
EMISIJOS DUOMENYS