On City Service Group‘s financial forecast for 2008


City Service Group leaves unchanged its financial forecast for the year 2008.
The Group plans to reach consolidated turnover of LTL 245 million (EUR 71
million) in 2008. According to the plans, the Group's 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. 

“Despite the decline in other fields of business, we successfully perform
according to our plans for this year. The next half of the year will be even
more successful for us, as results of some our activities, e.g. management of
heating facilities renovation projects, are influenced by seasonal changes.
This lets us expect that we will reach forecasted turnover and profit by the
end of the year”, - stated Žilvinas Lapinskas, Director General of City Service
AB. 

City Service Group‘s turnover for the six months of 2008 was LTL 114 million
(EUR 33 million), profit for the period amounted to LTL 4.7 million (EUR 1.36
million); in 2007 results for the period were LTL 70.2 million (EUR 20.3
million) and LTL 4.6 million (EUR 1.33 million). 

Vilius Mackonis
Public relations manager
+370 5 239 4900