City Service consolidated results for the year 2011

City Service announces its unaudited Consolidated Interim Financial Statements for the year 2011, prepared according to International Financial Reporting Standards.


Consolidated revenue of City Service for 2011 was LTL 542.4 million (EUR 157 million), compared to LTL 541.8 million (EUR 157 million) for the year 2010. Last year 62 % of Group’s revenue was produced in foreign markets.

The consolidated net profit for 2011 reached LTL 29.4 million (EUR 8.5 million) and grew by 15% in comparison with LTL 25.5 million (EUR 7.4 million), in 2010. EBITDA for 2011 comprised LTL 42.7 million (EUR 12.4 million). In 2010 EBITDA was LTL 35.7 million (EUR 10.3 million).                                                                  

  Sales (mln. LTL)  EBITDA (mln. LTL)  EBIT (mln. LTL)  Net profit (mln. LTL) 
2010       541.8 35.7 24.7 25.5
2011 unaudited 542.4 42.7 30.1 29.4
Comparative Capitalization Ratios* 0.34 4.38 6.15 6.36

* AB City Service market capitalization as of 29 February 2012 to forecasted for 2011 sales, EBITDA, EBIT and net profit in each column accordingly.             

ENCLUDING: AB City Service unaudited Interim Consolidated Financial Statements for the year 2011 (in LTL). 

         Vilius Mackonis
         Head of Communications
         +370 5 2394900


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