City Service SE — Interim / Quarterly Report 2016

Nov 30, 2016

City Service consolidated results for the nine months of 2016

City Service announces its unaudited Consolidated Interim Financial Statements for the nine months of 2016, prepared according to International Financial Reporting Standards.

Consolidated revenue of City Service for the nine months of 2016 was EUR 123.8 million, an increase by 2% over EUR 121.3 million from continued operations for the nine months of 2015.

Net profit for the period amounted to EUR 2.5 million, a 51% decrease over EUR 5.1 million net profit from continued operations a year ago. EBITDA for the nine months of 2016 was EUR 6.6 million, a 11% decrease over EUR 7.4 million a year ago from continued operations.

In 2016 nine months result of City Service Group is a direct projection of stable operations in Baltics, Russian and Polish markets, with no external influences, as in 2015. In 2015 nine months result was atypical due to EUR 1.4 million gain from investments sale. In Spain commercial property administration and cleaning sector still experiences unfavorable market conditions due to which operating loss increased further from 0.7 million EUR for the nine months of 2015 to 2.1 million EUR for the current period.

	Sales (mln. EUR)	EBITDA (mln. EUR)	EBIT (mln. EUR)	Net profit (mln. EUR)
2015	167.2	10.0	5.9	6.2
rd quarter 2015 3 (continued operations)	121.3	7.4	4.4	5.1
rd quarter 2016 3	123.8	6.6	3.4	2.5

Vilius Mackonis Director of Marketing and Communication Department +370 5 2394900