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Slovenia's Intereuropa 9-mo cons net profit declines

Nov 23, 2023, 11:28:27 AMArticle by Radomir Ralev
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November 23 (SeeNews) - Slovenian logistics company Intereuropa [LJE:IEKG] said on Thursday its consolidated net profit fell to 4.1 million euro ($4.5 million) in the first nine months of 2023 from 4.9 million euro in the like period of last year.

Slovenia's Intereuropa 9-mo cons net profit declines
Author: Intereuropa. License: All rights reserved.

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled 12.4 million euro in January-September, up from 11.7 million euro, Intereuropa said in a statement filed with the Ljubljana Stock Exchange.

Sales revenue fell 6% to 141.1 million euro, Intereuropa said.

The group’s net debt amounted to 33.2 million euro at the end of the third quarter of 2023, a decrease of 9.3 million euro relative to the end of 2022, primarily as the result of a decrease in financial liabilities.

Intereuropa recorded a consolidated net profit of 6.7 million euro in 2022, down 23%, chiefly due to the uncertainty in the international environment in connection with the war in Ukraine.

($ = 0.91658 euro)

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