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INI-700/15

INTEREUROPA, d.d., Koper

Information from the Supervisory Board session

In accordance with the provisions of the Ljubljana Stock Exchange Rules (Ljubljanska borza d.d., Ljubljana) and the applicable legislation in force, the Company INTEREUROPA d.d., Koper is issuing this release:

Koper, 31 August 2015. In today's session, the Supervisory Board was informed on the unaudited report for the Intereuropa Group in the term January-June 2015, in which the Intereuropa Group generated € 66.3 million of sales revenue and a net profit at € 0.2 million.

In the first half-year 2015, the Intereuropa Group achieved € 66.3 million of sales revenues from services, which was 6 percent less than a year ago. The setback is entirely attributable to the loss of income in the Ukrainian subsidiary, which lost € 5.6 million of revenues. That was the main reason for the underachievement of sales targets on the Group level. Thanks to higher physical volume of orders from other markets, the Intereuropa Group improved its sales in sea-freight segment, in which it recorded a 15-percent growth on average, and in domestic land transport with a 13-percent higher income. The Parent Company Intereuropa d.d. achieved a 3-percent growth of sales revenue over the first half-year 2014 and exceeded the target by 2 percent. 

The result of the Group was € 5.3 million of earnings before interest, taxes, depreciation and amortisation (EBITDA), with € 2.0 million of operating profit.

The Financing Profit or Loss at -1.8 million € was slightly lower than planned on account of negative foreign exchange differences at EUR 0.3 million, which mostly resulted from the value decrease of the Ukrainian currency. Accordingly, the Net profit /loss for the reporting term came to € 0.2 million.

The Net Financial Debt as at the last day of the term, amounting to 84.7 million, was 3 percent lower than at the year-end 2014. 

For the second half-year, the Intereuropa Group will continue with dedicated activities in the area of sales, process informatisation, supplier management, and divestment of non-operating assets, aiming to mitigate the consequences of unstable economic situation in Ukraine and achieve as many of the goals as possible. 

The Press Release will be published at the SEO-net and on the web site of INTEREUROPA d.d., at www.intereuropa.si for no less than 5 (five) years.

The Managing Board
Date: 31.08.2015