City Service
City Service consolidated results for the six months of 2014
DGAP-News: City Service 29.08.2014 / 08:52 --------------------------------------------------------------------- AB City Service announces its unaudited Consolidated Interim Financial Statements for the six months of 2014, prepared according to International Financial Reporting Standards, and Consolidated Interim Report for the six months of 2014. The total consolidated revenue from continued operations of City Service for the six months of 2014 was LTL 335.1 million (EUR 97.1 million), a 31 % rise to the total revenue of LTL 255.6 million (EUR 74.0 million) from continued operations for the six months of 2013. EBITDA from continued operations for six months of 2014 was LTL 23.1 million (EUR 6.7 million), an increase by 14 % over LTL 20.3 million (EUR 5.9 million) a year ago from continued operations. Net profit from continued operations for the period amounted to LTL 13.6 million (EUR 3.9 million), an increase by 49 % over LTL 9.1 million (EUR 2.6 million) from continued operations a year ago. Active sales and increasing operations efficiency have contributed to Group's results during first half of this year in all major markets. In the nearest future our main task is reorganization and efficiency improvement of activities in Spain, stated Jonas Janukėnas, General Director of AB City Service. Sales (mln. EBITDA EBIT (mln. Net profit LTL) (mln. LTL) LTL) (mln. LTL) -------------------------------------------------------------------------------- 2013 548.2 41.5 31.6 20.4 -------------------------------------------------------------------------------- 2013 1st half (continued 255.6 20.3 14.8 9.1 operations unaudited) -------------------------------------------------------------------------------- 2014 1st half (continued 335.1 23.1 17.5 13.6 operations unaudited) -------------------------------------------------------------------------------- Comparative Capitalization 0.33 4.40 5.77 8.93 Ratios* -------------------------------------------------------------------------------- * AB City Service market capitalization as of 28 August 2014 to 2013 sales, EBITDA, EBIT and net profit in each column accordingly. ENCLUDING: AB City Service Interim Consolidated Financial Statements for the six months of 2014 (in LTL) and AB City Service Interim Consolidated Report for the six months of 2014 (in LTL). Vilius Mackonis, Director of Marketing and Communication Department +370 5 239 4900 News Source: NASDAQ OMX --------------------------------------------------------------------- 29.08.2014 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 --------------------------------------------------------------------- 284612 29.08.2014
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