Intereuropa — Earnings Release 2017

Sep 1, 2017

Category: Inside information

Published on: SEOnet

Published at:  31.08.2017 15:06

Published document ID: INI-891/17

INI-851/17

INTEREUROPA, d.d., Koper

Successful performance of the Intereuropa Group in the first half-year 2017

In accordance with the provisions of the Ljubljana Stock Exchange Rules (Ljubljanska borza d.d., Ljubljana) and the applicable legislation in force, the Company INTEREUROPA d.d., Koper is issuing this release:

Koper, 31.08.2017. In today's session, the Supervisory Board has dealt with the unaudited interim report for the Intereuropa Group in the term January-June 2017. In the reporting half-year, the Intereuropa Group improved its sales turnover by 5% above the comparable term a year ago (2016), having achieved EUR 72.9 million of sales revenue. The Profit or loss from ordinary activities came to EUR 2.3 million and was 11% higher than same term last year. The net operating result came to EUR 2.0 million. The highest growth of operations was recorded by the business area Intercontinental Transport (12%), followed by Logistics Solutions (11%) and Land Transport (1%). 

In comparison with the preceding year's term, the Intereuropa Group increased its Earnings before interest, tax, depreciation and amortisation (EBITDA) by 3 percent to EUR 7.0 million. Also, the EBIT (operating profit) of the Group rose by 1 percent to EUR 3.6 million. 

At the end of June, the net financial debt came to EUR 71.9 million, which was 2% lower than on 31.12.2016.

The Intereuropa Group will proceed with activities dedicated to enhance the sales efficiency in the second half-year. Particular attention is dedicated to supplier and customer management, and to activities underlying for the launch of our integrated information solution supporting the business processes of the Group. The growth of key performance indicators in the preceding reporting periods affirms the correct course of the corporate strategy and underpins/ provides impetus for/ the fulfilment of the goals set for the current year.

The Press Release will be published at the SEO-net and on the web site of INTEREUROPA d.d., at www.intereuropa.si for no less than 5 (five) years.

The Managing Board

Date: 01.09.2017