Business News

Intereuropa Returns to Profit Despite Flat Sales

Koper, 18 November (STA) - Intereuropa, the Koper-based logistics group, posted a pre-tax profit (EBITDA) of EUR 19m for the January-September period, up 60% over the year before, despite a decline in sales of 2% to EUR 139.7m.

But the bump in EBITDA was largely due to real estate disposal, which accounted for over a quarter of the total pre-tax profit.

Operating profit totalled EUR 8.2m compared to EUR 76,000 in the year before, largely on account of brisk growth (11%) in land transport, which accounts for nearly two-thirds of group revenue.

All other segments contracted, with logistics solutions down 6% and intercontinental transport dropping by 22%.

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