Under the provisions of the Rules of the Ljubljana Stock Exchange and the legislation in force, Intereuropa, d.d., Koper hereby makes the following announcement:

Koper, 21 November 2019. At today’s meeting, the supervisory board of Intereuropa d.d. was briefed on the unaudited business report of the Intereuropa Group and Intereuropa, d.d. for the period January–September 2019.

In the first nine months of this year, the Intereuropa Group generated EUR 120.2 million in sales revenue, an increase of 1% on the same period in 2018 and 6% lower than the planned value.   

The Group generated earnings before taxes, interest, depreciation and amortisation (EBITDA) of EUR 10.3 million, a fall of 5% relative to the same period last year. Compared with the same period last year, the lower EBITDA was mainly the result of higher labour costs and the increase in hired labour and student work costs.

Earnings before interest and taxes (EBIT) totalled EUR 5.4 million, a fall of 12% on the same period last year; higher depreciation costs resulting from the transition to IFRS 16 also contributed to the fall. Increased interest income recognised on the basis of a court settlement saw an increase in net income from financing activities, which brought an improvement in profit from ordinary operations to EUR 4.7 million, up 2% on the same period last year. The net profit of EUR 4.2 million is in line with plans and is 2% higher than last year’s results. 

The Intereuropa Group continued to reduce its net financial debt, which amounted to EUR 51.7 million at the end of the third quarter of 2019, a fall of EUR 8.5 million relative to the end of 2018.

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.