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City Service SE Earnings Release 2021

Nov 30, 2021

5564_rns_2021-11-30_12bb3813-3f12-4df8-9820-d3f4fe993929.pdf

Earnings Release

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City Service unaudited consolidated results for the third quarter of 2021

City Service announces its unaudited Consolidated Interim Financial Statements for the third quarter of 2021, prepared according to International Financial Reporting Standards.

Consolidated revenue of City Service for the third quarter of 2021 was EUR 97.3 million, a decrease by 16% over EUR 115.8 million for the third quarter of 2020.

Net loss for the period is amounted at EUR 0.4 million (net profit for the same period from a year ago was EUR 5.8 million). EBITDA for the third quarter of 2021 was EUR 5.2 million, a 62.3% decrease over EUR 13.8 million a year ago.

Sales (mln.
EUR)
EBITDA (mln.
EUR)
EBIT (mln.
EUR)
Net profit/loss
(mln. EUR)
2020* 154.5 13.2 6.5 5.1
rd quarter*
2020
3
115.8 13.8 8.6 5.8
rd quarter
2021
3
97.3 5.2 1.0 -0.4

* Group consolidated results for 2020 comprise total consolidated Group, including discontinued operations.

Artūras Gudelis Chairman of the Management Board +370 5 2394900