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2008-05-12 08:47:10 CEST 2008-05-12 08:48:11 CEST REGULATED INFORMATION City Service AB - Notification on material eventOn plans of City Service Group for 2008City Service Group, the leader of facility management market in the Baltic States, plans to reach consolidated turnover of LTL 245 million (EUR 71 million) in 2008. According to the plans, the Group's consolidated EBITDA shall amount to LTL 18.5 million (EUR 5.4 million) and consolidated profit shall amount to LTL 14 million (EUR 4.1 million) in 2008. Compared with the year 2007 results, consolidated turnover of the group shall increase by 17 percent, net profit - by 25 percent. „This prognosis does not include possible acquisitions of companies which are in progress at the moment. The turnover for 2008 should reach LTL 262 million (EUR 76 million) after finalizing acquisition procedures. The prognosis shall be updated afterwards“, - stated Žilvinas Lapinskas, Director General of City Service, AB. The planned turnover of City Service Group includes LTL 117 million (EUR 34 million) from facility management projects in Lithuania, LTL 62 million (EUR 18 million) from management of heating facilities renovation projects in Lithuania, LTL 63 million (EUR 18.3 million) from subsidiaries in Russia, and LTL 3 million (EUR 0.9 million) from subsidiary in Latvia. City Service Group now consists of 22 facilities management companies operating in Lithuania, Russia, Latvia and Ukraine. The Group serves 11 million square meters of facilities. Vilius Mackonis, Public relations manager +370 655 511 01 |
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