Business News


Intereuropa Expects Profit in 2013 Despite Drop in Revenue

Koper, 14 December (STA) - Logistics company Intereuropa said Friday it expected EUR 156m in revenues in 2013, a 16% drop on the figure it is anticipating for 2012. It ascribed the decrease to the recent sale of its subsidiary in Russia and to the termination of cooperation with an important client.

Intereuropa nonetheless expects to end 2013 with a EUR 16.4m pre-tax (EBITDA) profit and a EUR 8.9m operating profit, the plan for 2013 presented today to supervisors shows.

The company moreover listed the expected accession of Croatia to the EU among the reasons for lower revenues in the coming year.

Chairman Ernest Gortan labelled as the most successful achievement for the company and the group the completion of financial restructuring, which he feels presents a sound basis for the future of Intereuropa as the leading provider of comprehensive logistics services in SE Europe.

In the first nine months of this year Intereuropa posted EUR 142m in sales, 2% below plans, with operating profit at EUR 14m and net profit at EUR 7.2m.

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