Koper, 17 May (STA) - The logistics group Intereuropa generated EUR 1.3m in net profit in the first quarter of the year, a 49% year-on-year increase. Sales revenue was up 10% to EUR 38.8m, Intereuropa said on Thursday.
The group's earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached EUR 3.6m, 6% more than in the first quarter of 2017, while operating profit rose 20% to EUR 2.1m.
The company attributes the upbeat results to "intensive sales activities along with favourable economic conditions".
It added that the group reduced its net financial debt by 4% or by EUR 2.9m in the first quarter.
Intereuropa, once the biggest player on the national logistics market, was put up for sale again in early April, two years after a previous sale attempt was abandoned.
The company said in April that five banks which own 72.13% of all shares had signed a contract of mandate with consultancy PwC regarding the sale of the shares.