2014-08-29 08:52:43 CEST

2014-08-29 08:53:45 CEST


REGULATED INFORMATION

Lithuanian English
City Service - Interim information

City Service consolidated results for the six months of 2014


AB City Service announces its unaudited Consolidated Interim Financial
Statements for the six months of 2014, prepared according to International
Financial Reporting Standards, and Consolidated Interim Report for the six
months of 2014. 

The total consolidated revenue from continued operations of City Service for
the six months of 2014 was LTL 335.1 million (EUR 97.1 million), a 31 % rise to
the total revenue of LTL 255.6 million (EUR 74.0 million) from continued
operations for the six months of 2013. 

EBITDA from continued operations for six months of 2014 was LTL 23.1 million
(EUR 6.7 million), an increase by 14 % over LTL 20.3 million (EUR 5.9 million)
a year ago from continued operations. Net profit from continued operations for
the period amounted to LTL 13.6 million (EUR 3.9 million), an increase by 49 %
over LTL 9.1 million (EUR 2.6 million) from continued operations a year ago. 

Active sales and increasing operations efficiency have contributed to Group's
results during first half of this year in all major markets. In the nearest
future our main task is reorganization and efficiency improvement of activities
in Spain, stated Jonas Janukėnas, General Director of AB City Service. 





                             Sales (mln.  EBITDA       EBIT (mln.  Net profit   
                              LTL)         (mln. LTL)   LTL)        (mln. LTL)  
--------------------------------------------------------------------------------
2013                            548.2        41.5         31.6          20.4    
--------------------------------------------------------------------------------
2013 1st half (continued        255.6        20.3         14.8          9.1     
 operations unaudited)                                                          
--------------------------------------------------------------------------------
2014 1st half (continued        335.1        23.1         17.5          13.6    
 operations unaudited)                                                          
--------------------------------------------------------------------------------
Comparative Capitalization      0.33         4.40         5.77          8.93    
 Ratios*                                                                        
--------------------------------------------------------------------------------



* AB City Service market capitalization as of 28 August 2014 to 2013 sales,
EBITDA, EBIT and net profit in each column accordingly. 



ENCLUDING: AB City Service Interim Consolidated Financial Statements for the
six months 

of 2014 (in LTL) and AB City Service Interim Consolidated Report for the six
months of 2014 (in LTL). 



Vilius Mackonis,

Director of Marketing and Communication Department

+370 5 239 4900