Intereuropa : Communication from Session of the Supervisory Board of Intereuropa d.d.
March 05, 2015 at 12:16 pm EST
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Communication from Session of the Supervisory Board of Intereuropa d.d.
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, 5 March 2015. In today's session, the Supervisory Board got informed on the operations of the Intereuropa Group in the year 2014. The Intereuropa Group made a sales revenue of € 140.8 million from the sale of logistics services. The operating profit came to € 5.1 million, which allowed for improving the profitability on the Group level, and it closed the year with a net profit of € 0.3 million.
In the reporting year 2014, the Intereuropa Group achieved a sales revenue of € 140.8 million as a provider of logistics services. Compared with the year ago, the total sales revenue was 13 percent lower. The sales result of the Group was materially affected by conflicts escalating in Ukraine, and our Ukrainian subsidiary suffered the worst loss of sales turnover: the sales revenue earned in the reporting year was € 13 million lower than the preceding year. The fall-out in the sales turnover in Croatia was not compensated with new businesses.
The result of the Group was € 11.8 million of earnings before interest, taxes, depreciation and amortisation (EBITDA), with € 5.1 million of operating profit, which is only 5 percent less than in 2013. Thereby, the profitability (EBIT margin) was raised to 3.6 percent from 3.3 percent in the preceding year (2013). The Group closed the financial year with a net profit of € 0.3 million. At the year-end, the net financial debt decreased by 5 percent and came to € 87.6 million.
The Parent Company generated EUR 90.7 million of sales revenues and aligned with the new situation affected by the fall in demand for customs services following the EU-accession of Croatia: the sales revenue earned was on the level of the preceding year and of the plans. As a result, it improved the profitabillity (EBIT margin) from 2.9 percent to 3.9 percent.
In the current year (2015), the Intereuropa Group aims to intensify marketing activities and acquiring new business. The emphasis will be laid on process optimisation and informatisation of operations, expecting positive effects within operational processes. Logistics services in our range are driven by the needs of our customers, with on-going customization of logistics solutions. The key goal for the current year is to exceed the sales revenues of the year 2014, with no lower profitability, but relying on an improved market approach and effective acquisition.
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.
Intereuropa dd is a Slovenia-based company engaged in the provision of logistic services. The Company provides its services in three divisions: Land Transport, covering groupage, express transport, road transport, railway transport, customs services and distribution of spare parts; Intercontinental transport, including air transport, sea freight, shipping agency and automobile logistics; and Logistics solutions division, involved in the storage, distribution and logistics projects. As of December 31, 2011, the Company operated through 16 subsidiaries and one joint venture in such countries as Slovenia, Croatia, Bosnia and Herzegovina, Macedonia, Serbia, Kosovo, the Russian Federation, Ukraine, Montenegro, Albania, Germany and France.
INTEREUROPA, D. D. 
