City Service
City Service consolidated results for the nine months of 2014
DGAP-News: City Service 28.11.2014 / 15:59 --------------------------------------------------------------------- City Service announces its unaudited Consolidated Interim Financial Statements for the nine months of 2014, prepared according to International Financial Reporting Standards. The total consolidated City Service revenue from continued operations for the nine months of 2014 was LTL 485.9 million (EUR 140,7 million), an increase by 36% over same period in 2013. Net profit from continued operations for the period amounted to LTL 15.9 million (EUR 4.6 million), EBITDA from continued operations was LTL 29.9 million (EUR 8.7 million), which is an increase by 19% and 2% accordingly. Reorganization of part of the Group in Spain accordingly to Group's standards with aim to increase operating profitability is ongoing. Also, we proceed actively with negotations for acquisition of residential facility management companies in Poland, Spain and Latvia, commented Jonas Janukėnas, General Director of City Service. Sales EBITDA EBIT (mln. Net profit (mln. (mln. LTL) LTL) (mln. LTL) LTL) -------------------------------------------------------------------------------- 2013 548.2 41.5 31.6 20.4 -------------------------------------------------------------------------------- 2013 3rd quarter (continued 358.4 29.3 21.1 13.3 operations unaudited) -------------------------------------------------------------------------------- 2014 3rt quarter (continued 485.9 29.9 21.1 15.9 operations unaudited) -------------------------------------------------------------------------------- Comparative Capitalization 0.34 4.47 5.87 9.09 Ratios* -------------------------------------------------------------------------------- * AB City Service market capitalization as of 28 November 2014 to 2013 sales, EBITDA, EBIT and net profit in each column accordingly. ENCLUDING: City Service Interim Consolidated Financial Statements for the nine months of 2014 (in LTL). Vilius Mackonis, Director of Marketing and Communications Department +370 5 239 4900 News Source: NASDAQ OMX --------------------------------------------------------------------- 28.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: City Service Lithuania ISIN: LT0000127375 End of News DGAP News-Service --------------------------------------------------------------------- 300753 28.11.2014
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