2012-08-30 21:00:00 CEST

2012-08-30 21:00:12 CEST


REGULATED INFORMATION

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City Service AB - Interim information

City Service consolidated results for the six months of 2012 


Vilnius, Lithuania, 2012-08-30 21:00 CEST (GLOBE NEWSWIRE) -- AB City Service
announces its unaudited Consolidated Interim Financial Statements for the six
months of 2012, prepared according to International Financial Reporting
Standards, and Consolidated Interim Report for the six months of 2012. 

The total consolidated City Service revenue for the six months of 2012 was LTL
271 million (EUR 78.4 million), including LTL 166 million (EUR 48.7 million) in
foreign markets compared to the total revenue of LTL 268 million (EUR 77.6
million) for the six months of 2011. 

Net profit for the period amounted to LTL 10 million (EUR 2.9 million), a
decrease by 9 % over LTL 11 million (EUR 3.2 million) a year ago. EBITDA for
six months of 2012 was LTL 18.8 million (EUR 5.4 million), a decrease by 4 %
over LTL 19.6 million (EUR 5.7 million) a year ago. 

Non-recurring cost of reorganization amounting to LTL 1.5 million (EUR 0.4
million) had a negative impact on financial results of the first six months.
During reorganization AB City Service transferred to direct control of 100%
controlled subsidiary UAB City Service LT commercial real estate management and
maintenance activities,  also shares of the subsidiaries that are registered in
Lithuania and manage residential facilities in Lithuania or perform other
activities related with the residential facility management. After
reorganization AB City Service acts as holding enterprise, stated Žilvinas
Lapinskas, Director General of AB City Service. 

City Service group operates in Lithuania, Russia, Latvia, with 18.6 million
square meters of facilities under management of Group's companies. 



                         Sales (mln.   EBITDA (mln.  EBIT (mln.   Net profit    
                          LTL)          LTL)          LTL)         (mln. LTL)   
--------------------------------------------------------------------------------
                   2011     547.8          47.1         34.4           29.5     
--------------------------------------------------------------------------------
2011 1st half               270.7          18.8         12.1           10.0     
--------------------------------------------------------------------------------
2012 1st half                 268          19.6         13.6           11.0     
--------------------------------------------------------------------------------
Comparative                  0.38           4.4          6.0           7.0      
 Capitalization Ratios*                                                         
--------------------------------------------------------------------------------

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

ENCLUDING: AB City Service Interim Consolidated Financial Statements for the
six months of 2012 (in LTL) and AB City Service Interim Consolidated Report for
the six months of 2012 (in LTL). 


         Vilius Mackonis,
         Head of communication
         +370 5 239 4900