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City Service SE — Earnings Release 2013
Aug 30, 2013
5564_rns_2013-08-30_1f7417bb-edb4-4104-945d-4a86b99e4e83.html
Earnings Release
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City Service consolidated results for the six months of 2013
City Service consolidated results for the six months of 2013
AB City Service announces its unaudited Consolidated Interim Financial
Statements for the six months of 2013, prepared according to International
Financial Reporting Standards, and Consolidated Interim Report for the six
months of 2013.
The total consolidated City Service revenue for the six months of 2013 was LTL
275.4 million (EUR 79.8 million), a 1.7% rise to the total revenue of LTL 270.7
million (EUR 78.4 million) for the six months of 2012.
EBITDA for six months of 2013 was LTL 26.4 million (EUR 7.6 million), an
increase by 40 % over LTL 18.8 million (EUR 5.4 million) a year ago. Net profit
for the period amounted to LTL 11.6 million (EUR 3.4 million), an increase by
16 % over LTL 10 million (EUR 2.9 million) a year ago.
First half of the year was very active in Polish market - here we have grown
more than expected. In Poland we see further opportunities for organic growth,
which we shall embrace. Decline of Polish zloty (PLN) and Russian ruble (RUB)
exchange rate had a negative impact on Company's net profit, LTL 3.1 million in
total, stated Žilvinas Lapinskas, General Director of AB City Service.
Sales (mln. EBITDA (mln. EBIT (mln. Net profit
LTL) LTL) LTL) (mln. LTL)
2012 534.5 43.0 29.9 16.2
2012 1st half 270.7 18.8 12.1 10.0
2013 1st half 275.4 26.4 17.5 11.6
Comparative 0.38 4.7 6.7 12.4
Capitalization Ratios*
* AB City Service market capitalization as of 30 August 2013 to 2012 sales,
EBITDA, EBIT and net profit in each column accordingly.
ENCLUDING: AB City Service Interim Consolidated Financial Statements for the
six months
of 2013 (in LTL) and AB City Service Interim Consolidated Report for the six
months of 2013 (in LTL).
Vilius Mackonis,
Head of communication
+370 5 239 4900
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