Category: Inside information
Published on: SEOnet
Published at: 19.11.2020 15:31
Published document ID: INI-761/20
INTEREUROPA, d.d., Koper
Operating results of the Intereuropa Group for the period January–September 2020 and adoption of the business and financial plan of the Intereuropa Group for 2021
In conformity with the provisions of the Rules of the Ljubljana Stock Exchange and applicable legislation, INTEREUROPA d.d., Koper hereby publishes the following announcement:
Koper, 19 November 2020. At today’s meeting the Supervisory Board was briefed on the unaudited report on operations of the Intereuropa Group and Intereuropa d.d. in the period January–September 2020. Despite the difficult conditions caused by the COVID-19 epidemic, the Intereuropa Group generated sales revenue of €111.6 million in the first nine months of 2020, a decrease of 7% relative to the same period last year, and net profit in the amount of €2.4 million. The Supervisory Board also adopted the business and financial plan of the Intereuropa Group for the 2021 financial year.
In the period January–September 2020, the Intereuropa Group generated sales revenue of €111.6 million, which is 7% less than in the same period last year. Sales revenue was lower in all business sectors, primarily as a result of the COVID-19 epidemic, particularly in the second quarter.
The Intereuropa Group generated operating cash flow (EBITDA) of €9.5 million in the period January–September 2020, a decrease of 12% relative to the same period in 2019. Operating results (EBIT) amounted to €3.9 million, which is 28% less than in the same period in 2019. The Intereuropa Group ended the period with a net profit of €2.4 million.
The Supervisory Board also discussed and adopted the Intereuropa Group’s business and financial plan for 2021 at today’s session. The Intereuropa Group is planning sales revenue of €158.5 million and EBITDA of €12.9 million next year. Investments in property, plant and equipment and intangible fixed assets are planned to amount to €8.4 million. In addition to investments in logistics infrastructure and information technology, the Intereuropa Group will also invest in the competences of its employees and the continued development of high-quality logistics services. The Intereuropa Group will continue to implement enhanced marketing activities and provide logistics support to customers along the entire supply chain under the umbrella of the Pošta Slovenije Group.
This public announcement will be published on SEOnet and the Intereuropa website www.intereuropa.net and will remain there for a minimum of 5 (five) years from the date of publication.