Category: Inside information
Published on: SEOnet
Published at: 07.03.2019 15:10
Published document ID: INI-105/19
INTEREUROPA, d.d., Koper
The Intereuropa Group recorded growth in sales revenue and reduced its debt in 2018.
Pursuant to the provisions of the Rules of the Ljubljana Stock Exchange and valid legislation, Intereuropa d.d. hereby publishes the following announcement:
Koper, 7 March 2019: At today’s session, the Supervisory Board was briefed on unaudited data regarding the business results of the Intereuropa Group in 2018. The performance of the Intereuropa Group in 2018 was characterised by growth in sales revenue and a reduction in its debt. On 1 March 2019, Intereuropa d.d. and creditor banks concluded an annex to the financial restructuring agreement, thereby extending the latter’s validity.
The Intereuropa Group generated EUR 160.4 million in sales revenue last year, an increase of 7% relative to 2017. The Group generated EBITDA of EUR 12.8 million, similar to the level recorded in 2017. Growth in sales was achieved in all three of the Group’s business lines (e.g. land transport, logistics solutions and intercontinental transport).
The Intereuropa Group reduced its net debt by 10%, while investments in property, plant and equipment and intangible assets in 2018 totalled EUR 5.4 million and were the highest in recent years. The Group’s net debt amounted to EUR 60.2 million at the end of 2018.
The Intereuropa Group generated a net profit of EUR 4.7 million in 2018, an increase of EUR 6.7 million relative to 2017.
On 1 March 2019, Intereuropa d.d. and creditor banks concluded an annex to the financial restructuring agreement that regulates the company’s financial liabilities. The aforementioned annex extended the validity of the agreement until the end of January 2020.
This announcement will be published on SEOnet and on the website of Intereuropa at www.intereuropa.net for a minimum of 5 (five) years from the date of publication.
Management Board of the company