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LUKA KOPER, d.d., Koper

Presentation of Luka Koper’s business performance for January - September 2013

Based on Ljubljana Stock Exchange Rules and the provisions of applicable legislation, Luka Koper d.d. herein publishes the following notice:

Koper, 22nd November 2013 – At today's session, the Luka Koper d.d. Supervisory Board addressed the interim report of Luka Koper Group and Luka Koper d.d. for the first nine months of 2013. Between January and September 2013, Luka Koper Group has - through the increase in operating revenues, tax optimisation and the reduction of expenses from interest - increased net profit by 4 million euros (49 percent) to a total of 12.3 million euros.

Operating profit influenced by an increase in operating revenues and expenses from extraordinary events

Across the first nine months of 2013, Luka Koper Group operating revenues in the amount of 106.5 million euros were 2.8 million euros (3 percent) ahead of the same period last year. Cargo throughput recorded a two percent year-on rise, and stood at 13.4 million tonnes. The largest increase in operating revenues was recorded with regard to container freight and general cargos, whereas there was a downturn in operating revenues from vehicle and bulk and break bulk cargos, mainly due to lower revenues from storage charges.

In the first nine months of 2013, Luka Koper Group generated 14.5 million euros in operating profit, which is 0.2 million euros (1 percent) down on the same period last year. The decline in operating profit is primarily attributable to an increase in other expenses from lawsuits in the amount of 1.1 million euros, together with an increase in labour costs which is partially attributable to the reimbursement of 0.4 million euros in claims from previous years.

Successful reduction of indebtedness and expenses from interest, and tax optimisation

The -2.8 million euros financing loss is 35-percent lower than in the same period last year. This is attributable to a downturn in expenses from financial liabilities in the amount of 1.4 million euros as a consequence of a lower EURIBOR reference interest rate, together with reduced indebtedness. An increase was also recorded in revenues from profit participation in associated companies and the return yielded by the Krka d.d. investment. The 0.2 million euros loss incurred from the disposal of Intereuropa d.d. stock, together with the 0.5 million euros impairment of that investment, contributed to the increase in financial expenses from investments.

From January to September 2013, Luka Koper Group reduced total financial liabilities by 24.5 million euros to 159.5 million euros, which further strengthens the Group’s financial position and its ability to finance further development and infrastructure projects, and in particular the extension of the southern section of Pier I.

Net profit for the period amounts to 12.3 million euros, i.e. a 4 million euros (49 percent) year-on increase mainly due to taxation effects. Taxes were 2.4 million euros lower as a consequence of the sale of Luka Koper d.d.’s holding in Intereuropa d.d. to its Luka Koper INPO d.o.o. subsidiary.

The parent company, Luka Koper d.d., generated 11.3 million euros in net profit in the first nine months of 2013, which is 4 million euros (55 percent) ahead of the same period last year.

Estimation of objectives achieved in 2013

Based on the most recent estimates, in 2013 the Luka Koper Group is expected to generate net profit similar to 2012 when it amounted to 10.5 million euros. Nonetheless, due to the real estate appraisal which will be performed by the end of the financial year, this cannot be predicted with certainty.

The interim report will be published on the website - www.luka-kp.si - from 22nd November 2013.



The Management Board
Date: 22.11.2013