City Service SE

Earnings Release • Feb 29, 2024

City Service unaudited consolidated results for the twelve months of 2023

City Service announces its unaudited Consolidated Interim Financial Statements for the twelve months of 2023, prepared according to International Financial Reporting Standards.

Consolidated revenue of City Service for the twelve months of 2023 was EUR 101.7 million, an increase by 20.5% over EUR 84.4 million for the twelve months of 2022.

Net profit for the period amounted to EUR 6.2 million, an increase over EUR 1.4 million net profit from a year ago. EBITDA for the twelve months of 2023 was EUR 9.4 million, a 65.7% increase over EUR 5.7 million a year ago.

	Sales (million EUR)	EBITDA (million EUR)	EBIT (million EUR)	Net profit (million EUR)
2022	84,4	1,7	-1,0	-2,6
th quarter 2022 4	84,4	5,7	3,0	1,4
th quarter 2023 4	101,7	9,4	6,7	6,2

Group consolidated results comprise only continued operations.

Artūras Gudelis Chairman of the Management Board +370 5 2394900