LJUBLJANA (Slovenia), November 30 (SeeNews) – Slovenian logistics company Intereuropa [LJE:IEKG] said on Wednesday its consolidated net profit surged to 3.1 million euro ($3.3 million) in the first nine months of 2016 from 662,000 euro a year earlier.
Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by 29.5% to 10.4 million euro in the nine months through September, the company said in an unaudited interim report filed with the Ljubljana Stock Exchange.
Sales increased 3%, reaching 102.2 million euro,
"Intereuropa will continue to focus primarily on the development of existing and acquisition of new business, seeking to achieve growth in all core markets, sectors and products. Among the most important objectives remains maintaining or increasing profitability," the company said.
The company's net financial debt totalled 79.3 million euro at the end of September, versus 79.6 million euro a year earlier. At the end of 2015, the financial debt of Intereuropa stood at 80.4 million euro.
The group said that it expects sales revenue of 137.1 million euro and EBITDA of 13.1 million euro in 2016. The strategic objective of Intereuropa is to increase EBITDA to 15.8 million euro and sales revenue to 166 million euro in 2019, it said.
Total investments in fixed assets at the group level amounted to 2.8 million euro in the first nine months of the year. The group plans to invest 4.5 million euro in the entire 2016.
Intereuropa shares traded at 1.05 euro, 1.84% up, as of 09:25 CET on Wednesday on the Ljubljana bourse.
$=0.93996 euro)