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Nov 22, 2017 11:01 EEST
LJUBLJANA (Slovenia), November 22 (SeeNews) – Slovenian logistics company Intereuropa [LJE:IEKG] said its consolidated net profit rose 8% on the year to 3.4 million euro ($4.0 million) in the first nine months of the year.
Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by 5% to 10.9 million euro in the nine months through September, the company said in an unaudited interim report filed with the Ljubljana Stock Exchange.
Sales increased 8%, reaching 110.2 million euro.
In the land transport segment, which accounts for 54% of the group’s sales, sales revenue of 59.7 million euro was generated during the first nine months of the year, an increase of 4% on the results achieved in the same period in 2016. The highest proportion or 60% of sales revenue from land transport was generated by the parent company in Slovenia.
During the January–September period, companies in Slovenia together generated slightly more than two-thirds of the group’s sales revenue, and recorded 11% growth in sales revenue relative to the same period in 2016.
The highest growth in sales was recorded by the companies in Serbia and Macedonia, while the sharpest drop was recorded by the Ukrainian company due to the unstable political situation in that country.
The Intereuropa Group invested 1.3 million euro in fixed assets during the first nine months of 2017. Of that amount, 492 thousand euro was invested in real estate and 815 thousand euro in equipment and intangible assets. A total of 22% of the annual investment plan was achieved.
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