LJUBLJANA (Slovenia), May 24 (SeeNews) – Slovenian logistics company Intereuropa [LJE:IEKG] said its consolidated net profit fell 37% on the year to 800,000 euro ($0.9 million) in the first quarter of 2019.
Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled 3.0 million euro in January-March, down 18% year-on-year, Intereuropa said in a statement filed with the Ljubljana Stock Exchange late on Thursday.
Sales revenue rose 2.0% to 39.7 million euro, while investment in fixed assets during the first quarter of 2019 totalled 771,000 euro, an increase of 22% relative to the same period last year.
Sales revenue of 20.5 million euro was generated during the first quarter of 2019 in the land transport segment, up 1% year-on-year, contributing 52% of the group’s sales. Sales revenue in the intercontinental transport segment totalled 11.0 million euro, a decrease of 3%, whereas sales revenue in the logistics solutions segment increased by 16% to 6.4 million euro.
“The majority of Group companies recorded an increase in sales revenue relative to the same period in 2018, most notably at parent company Intereuropa, d. d. and the subsidiary in Croatia,” the company noted, adding that the sharpest decline in sales revenue relative to the same period last year was recorded by the companies in Serbia and Ukraine.
Shares of Intereuropa traded 7.83% higher at 2.48 euro as at 10:32 CET on Friday.
($ = 0.89629 euro)