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Tuesday, 23.04.2024, 19:30
Lithuanian City Service group expands building maintenance portfolio in Spain
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The company said via the Warsaw stock exchange that it had
signed two building maintenance contracts in and around Madrid.
According to the report, the contracts are in connection to
maintenance of 308 residential buildings with 16,000 apartments. Revenue from
the maintenance operations should amount to 700,000 euros per year.
City Service
currently operates five building maintenance companies in Spain. In the first
half of 2016, it posted turnover of 18.972 mln euros in Spain, down by 9.6%
y-o-y.
All in all, City
Service 41.5 mln square meters of buildings in the Baltic sates, Poland,
Spain and St. Petersburg. The group's consolidated revenue stood at 83.865 mln
euros in the first half of this year, which is a decline by 0.2%, from 83.739 mln
euros, in January-June of 2015. The company's consolidated net profit dropped
by a factor of 2.3 to 1.652 mln euros over the period.
City Service's
shares are quoted on the Parallel Market of the Warsaw stock exchange.
«The Baltic Course» Is Sold and Stays in Business!
