May 26 (SeeNews) - Slovenian logistics company Intereuropa [LJE:IEKG] said its consolidated net profit fell to 1.0 million euro ($1.1 million) in the first quarter of 2023 from 1.3 million euro in the like period of last year.
Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled 3.6 million euro in January-March, same as last year, Intereuropa said in a statement filed with the Ljubljana Stock Exchange on Thursday.
Sales revenue fell 1% to 46.5 million euro, and 4% lower than planned.
"Business conditions in 2023 are gradually improving relative to 2022. Even supply chain problems are gradually easing, despite slowing economic growth in the euro area during the second half of last year," Intereuropa said.
Intereuropa recorded a consolidated net profit of 6.7 million euro ($7.1 million) in 2022, down 23%, chiefly due to the uncertainty in the international environment in connection with the war in Ukraine.
($ = 0.92875 euro)