At its 4th Session, held on May 24th 2010, the Supervisory Board dealt with the Report of the Managing Board on the performance of the Intereuropa Group for the term January-March 2010, which was concluded with a sales turnover of EUR 44.3 million, which was 9% lower than in the comparable term last year. If one-off events in the year 2009 were excluded (the sale of a part of UPS business), the underachievement of the comparable result of last year would be 5%. The best performing area was Land Transport, which is the largest line of business in the Group and exceeded the last year’s result by 6 percent.

The achieved earnings before interest, tax and depreciation (EBITDA) of EUR 8 million on the Group level surpassed the plan by 24 percent. On the Group level, the operating result at the end of the reporting period came to EUR 4.4 million and was twice higher than the plan. Excluding the one-off transactions (the sale of property in 2010, the proceeds from the sale of fixed assets in the year 2009), the EBITDA would be 6 percent lower and the operating result 41 percent higher than in comparable term of the preceding year. The Financing result in the reporting term came to EUR 4.7 million. The Profit or Loss from ordinary activities came to EUR 8.1 million and the net profit after taxes was EUR 6.4 million. In accordance with the business plan for the year 2010, the Group realized the investments in the value of 1 million EUR in the first quarter of the current year.

The Parent Company Intereuropa d.d. achieved a sales turnover of EUR 22.6 million, an operating profit of 4 million and a net profit of EUR 1.8 million.

The Supervisory Board further proposed a resolution to be adopted by the General Meeting, appointing the auditors for the financial year 2010: the audit firm Ernst&Young, Revizija, poslovno svetovanje, d.o.o., Ljubljana. It also issued a resolution consenting to the convocation of the 22nd General Meeting of Intereuropa d.d., the Agenda and Proposal of Resolutions with substantiation.

The Supervisory Board appointed the Deputy President of the Managing Board of Intereuropa d.d., Mrs. Tatjana Vošinek Pucer, presently holding the position of Procurator, whose term of office will last until 24 May 2015. The Deputy President will continue to be accountable for the area of finance, investment, real property and information support.

The operation of the Intereuropa Group as a part of international logistics industry is directly exposed to the volume and level of economic activity. Despite improved economic sentiment indicators in the initial months of the current year, no accelerated recovery trend has been felt in the economies of Europe and Slovenia yet; the economic activity in the key markets of our Group - in the South-East of Europe, where we command the largest market shares, was still fairly moderate during the past period. Accordingly, the activities of the Managing Board are directed towards operation optimization and assuring financial stability for the Group. The Company continues with the activities leading towards the key goals as outlined in the “Strategic business plan of the Intereuropa Group for the term 2010 -2014”, approved by the Supervisory Board in March 2010.