Category: Inside information
Published on: SEOnet
Published at: 09.07.2020 15:23
Published document ID: INI-502/20
INTEREUROPA, d.d., Koper
Announcement regarding the meeting of the Supervisory Board
Pursuant to the provisions of the Rules of the Ljubljana Stock Exchange and valid legislation, Intereuropa, d. d. hereby publishes the following announcement:
Koper, 9 July 2020 At today’s session, the Supervisory Board adopted the revised business plan of the Intereuropa Group for 2020, which takes into account changes in operating conditions. It also confirmed the proposed convening of the General Meeting of Shareholders of Intereuropa, d. d.
Even in the difficult conditions presented by the coronavirus epidemic, the Intereuropa Group provides logistics services for numerous customers from different economic and other sectors via twelve companies in nine countries in Southeast Europe and Ukraine. Due to the adverse economic situation following the outbreak of COVID-19, we are planning lower but positive operating results during the second half of 2020 in the context of enhanced marketing activities. The Supervisory Board of Intereuropa, d. d. has thus adopted the revised business plan of the Intereuropa Group for 2020. That plan envisages sales revenue in the amount of EUR 139.5 million at the Group level in 2020, which is EUR 31.3 million lower than originally planned, and EBITDA in the amount of EUR 10.1 million, which is EUR 2.9 million lower relative to the previous business plan. The Intereuropa Group is nevertheless planning a net profit of EUR 1.3 million in 2020.
In addition to actively adapting to market conditions in Southeast Europe, the Intereuropa Group will implement operational restructuring activities during the second half of 2020, while it has already achieved business synergies with its majority owner, the Pošta Slovenije Group.
The Supervisory Board also confirmed the proposed convening of the General Meeting of Shareholders of Intereuropa, d. d.
The announcement will be published on SEOnet and on Intereuropa’s website at www.intereuropa.si for a minimum of 5 (five) years from the date of publication.