Pursuant to the provisions of the Rules of the Ljubljana Stock Exchange and valid legislation, Intereuropa, d. d. hereby publishes the following announcement:

Koper, 23 May 2019 At today’s meeting, the Supervisory Board was briefed on the unaudited business report of the Intereuropa Group and Intereuropa, d. d. for the period January–March 2019. It was also briefed on the proposal to convene the General Meeting of Shareholders of Intereuropa, d. d., and agreed with the aforementioned proposal. In order to reconcile the business plan with the effects of the transition to new International Financial Reporting Standard (IFRS) 16 and revised assumptions regarding the sale of non-essential assets, the Supervisory Board also approved the revised business plan of the Intereuropa Group for 2019.

With the aim of reconciling the business plan with the effects of the transition to new IFRS 16 and revised assumptions regarding the sale of non-essential assets, the Supervisory Board approved the revised business plan of the Intereuropa Group for 2019. In that plan, the Group is planning an increase in growth in sales revenue from the previously planned amount of EUR 168.5 million to EUR 169.5 million. The Intereuropa Group is also planning an increase in EBITDA from the previous amount of EUR 13.2 million to EUR 14.2 million. Investments at the Group level in 2019 are planned in the amount of EUR 5.9 million, and are unchanged relative to the previously adopted business plan. The planned number of Group employees of 1,380 at the end of 2019 is likewise unchanged.

The Intereuropa Group generated sales revenue of EUR 39.7 million during the first quarter of 2019, which was 1% lower than envisaged in the revised business plan. It generated earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 3.0 million, which was 19% higher than planned. Earnings before interest and taxes (EBIT) amounted to EUR 1.3 million, which was 43% higher than planned. The Intereuropa Group ended the reporting period with a net profit of EUR 0.8 million, which was 87% higher than planned. The Group’s net debt amounted to EUR 58.6 million at the end of the first quarter, a decrease of EUR 1.6 million relative to the end of 2018.  

The Supervisory Board was also briefed on the proposal to convene the General Meeting of Shareholders of Intereuropa, d. d., and agreed with the aforementioned proposal.

This announcement will be published on SEOnet and on the website of Intereuropa at www.intereuropa.si for a minimum of 5 (five) years from the date of publication.