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Published: 2012-11-30 18:00:00 CET
City Service SE
Interim information

City Service consolidated results for the nine months of 2012

Vilnius, Lithuania, 2012-11-30 18:00 CET -- City Service announces its unaudited Consolidated Interim Financial Statements for the nine months of 2012, prepared according to International Financial Reporting Standards.

The total consolidated City Service revenue for the nine months of 2012 was LTL 389 million (EUR 112.6 million), including LTL 214 million (ЕUR 62 million) in foreign markets. Net profit for the period amounted to LTL 11.9 million (EUR 3.45 million), EBITDA for nine months of 2012 was LTL 31.8 million (EUR 9.2 million).

Results were negatively impacted by a non-recurring accounting loss of LTL 7.4 million on disposal of ООО «Жилкомсервис № 2 Невского района», operating in St. Petersburg.  After the disposal  four companies of the Group continue to operate in St. Petersburg.

In absence of a non-recurring loss on disposal of subsidiary in St. Petersburg, consolidated City Service net profit for the nine months of 2012 would have amounted to LTL 19.3 million (EUR 5.6 million), EBITDA – LTL 31.8 million (EUR 9.2 million), an increase of 12% and 13% over 2011 accordingly.

After disposal of mentioned company in St. Petersburg, the results for the nine months in this market are the best through all history of operation, stated Žilvinas Lapinskas, General Director of AB City Service.

 

  Sales (mln. LTL)  EBITDA (mln. LTL)  EBIT (mln. LTL)  Net profit (mln. LTL) 
2011 547.8 47.1 34.4 29.5
2011 3 quarters  380.0 28.2 19.1 17.3
2012 3 quarters  389.0 31.8 21.9 11.9
Comparative Capitalization Ratios* 0.35 4 5.5 6.4

* AB City Service market capitalization as of 30 November 2012 to 2011 sales, EBITDA, EBIT and net profit in each column accordingly.             

ENCLOSED: Set of Consolidated Interim Financial Statements of City Service AB for the nine months of 2012 (LTL).

         Vilius Mackonis,
         Head of communications
         +370 5 239 4900


City Service 2012 Q3 EN.pdf
Confirmation of responsible persons.pdf