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  • 11/22/2018

    Ljubljana, 22 November (STA) - The logistics group Intereuropa generated EUR 119.2m in sales revenue in the first nine months of the year, up 8% year-on-year, while net profit was up by 24% to EUR 4.2m, according to an unaudited report published on Thursday.

    Operating profit was up by 5% to EUR 6.1m, says the report. Revenue and profit being above plans is attributed to intensive sales activities and favourable economic conditions on the majority of Inetereuropa's markets.

    Also contributing to the improved results are lower amortisation costs and higher revenue from the elimination of long-term provisions, amounting to EUR 900,000.

    Sales revenues were up in all segments, in particular in road, railway and maritime transport, car logistics and distribution.

    Road transport represented 53% of the group's total sales, generating EUR 63.6m in sales revenue in the first nine months, up 7% year-on-year.

    The parent company Intereuopa alone generated EUR 83.6m in sales revenue, up 10%, while increasing operating profit by 12% to EUR 4.9m and net profit by 28% to EUR 3.8m.

    The group continued with deleveraging, with net financial debt standing at EUR 60.5m at the end of September, which is EUR 3.9m less than at the end of June and 6.7m less than at the end of December 2017.

    In the first nine months, the group spent EUR 2.6m on investments, which is close to the amount spent for investments in the same period last year.

    At the end of September, Intereuropa had 1,337 employees at the group level, including 594 in the parent company.

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