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City Service SE — Earnings Release 2010
Aug 31, 2010
5564_rns_2010-08-31_5108ae4e-7cb1-4422-8b60-5dbb10a65ad5.html
Earnings Release
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City Service consolidated results for the six months of 2010
City Service consolidated results for the six months of 2010
AB City Service announces its unaudited Consolidated Interim Financial
Statements for the six months of 2010, prepared according to International
Financial Reporting Standards, and Consolidated Interim Report for the six
months of 2010.
The total consolidated City Service revenue for the six months of 2010 was LTL
264 million (EUR 76 million), including LTL 169 million (EUR 49 million) in
foreign markets. This makes an 87 % increase over the total revenue of LTL 141
million (EUR 41 million) for the six months of 2009.
Net profit for the period amounted to LTL 9.8 million (EUR 2.8 million), an
increase by 59 % over LTL 6.2 million (EUR 1.8 million) a year ago. EBITDA for
six months of 2010 was LTL 16.7 million (EUR 4.8 million), an increase by 45 %
over LTL 11.5 million (EUR 3.3 million) a year ago.
City Service group operates in Lithuania, Russia, Latvia and Ukraine, with over
18 million square meters of facilities under management of Group companies.
| | Sales | EBITDA | EBIT (mln. | Net profit |
| | (mln. LTL) | (mln. LTL) | LTL) | (mln. LTL) |
|-------------------------------------------------------------------------------
| 2009 | 374.5 | 25.2 | 20.6 | 15.3 |
| 2010 1st half | 263.7 | 16.7 | 10.5 | 9.8 |
| 2010 forecast | 501 | 41.8 | 28 | 21.5 |
| Comparative | 0,58 | 6,91 | 10,32 | 13,44 |
| Capitalization Ratios | | | | |
| (share price 9,14 | | | | |
| LTL)* | | | | |
* AB City Service market capitalization as of 31 August 2010 to forecasted for
2010 sales, EBITDA, EBIT and net profit in each column accordingly.
ENCLUDING: AB City Service Interim Consolidated Report for the six months of
2010 (in LTL) and AB City Service Interim Consolidated Financial Statements for
the
six months of 2010 (in LTL).
Vilius Mackonis
Public relations manager
+370 5 239 4900
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