CITYSERV (CTS): On disposal of company Grupa Techniczna Sp. z o.o. in Poland - raport 1

UNI - EN REPORT No1/2017

City Service SE decided to sell Grupa Techniczna Sp. z o.o., enterprise code 122420503, a company active in Poland. The company was founded in 2014 and provided technical maintenance services to residential facilities and commercial facilities, managed by City Service group.

According to Management Board of City Service SE, decision to sell Grupa Techniczna was made after assessment of its prospects inside City Service Group. The revenue of Grupa Techniczna in 2016 amounted to EUR 3.8 million, operating loss in 2016 amounted to EUR 0.689 million and net loss for the year 2016 amounted to EUR 1.068 million.

Grupa Techniczna will be purchased by a privately owned company. City Service SE will continue investments in Poland in residential facility management market.