DGAP-Adhoc: Logwin AG: Sales and earnings development for the first nine months of 2008 –Impairment of Goodwill

| Source: EQS Group AG EQS Group AG 

Logwin AG / Interim Report

31.10.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Grevenmacher (Luxembourg) – Against the background of a worsening market
environment the Logwin Group increased its net sales by 2.9 percent in to
1,572.7 million euros (2007: 1,527.9 million euros). EBIT before
restructuring costs and impairment of goodwill reached 25.0 million euros
after previous year’s figure of 30.2 million euros. The EBIT margin was 1.6
percent (2007: 2.0 percent). The main reasons for the reduced operating
interim result after nine months were reduced capacity utilizations
resulting from the slowing customer business and cost increases in the
network activities of the business segments Solutions and Road + Rail.

The increasingly difficult global economic condition and its impact to the
logistics industry have triggered adjustments to the medium-term planning
of Logwin AG. The subsequent goodwill impairment test resulted in an
impairment of -98.0 million euros. The EBIT of Logwin Group influenced by
this impairment is -73.0 million euros (2007: 22.3 million euros).

The operating cash flow of Logwin Group reached 19.0 million euros as of
the reporting date (2007: 11.8 million euros). Cash and cash equivalents
increased to 70.6 million euros (December 31, 2007: 65.6 million euros).
The equity ratio is 26.4 percent.

The impact of the global financial crisis hinders a solid planning and a
reliable outlook for the current financial year. The Logwin Group expects
an increase in group sales for the 2008 financial year that will, however,
continue to weaken compared to the year to date. The operating earnings of
the business segments for the current year will be subject to considerable
uncertainty in the fourth quarter. The Group continues to expect a positive
net cash flow.

The full nine-month financial report will be released as soon as possible.
It can be found immediately on the company’s website at
www.logwin-logistics.com.

Contact:
Sebastian Esser, Head of Investor Relations
P: 00352/719690-1112, F: 00352/719690-1359
ir-info@logwin-logistics.com


DGAP 31.10.2008 
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Language:     English
Issuer:       Logwin AG
              an de Längten 5
              L-6776 Grevenmacher
              Luxemburg
Phone:        +352 719 690 0
Fax:          +352 719 690 1359
E-mail:       info@logwin-logistics.com
Internet:     www.logwin-logistics.com
ISIN:         LU0106198319
WKN:          931705
Indices:      Prime All Share (PXAP), Classic All Share (CLXP), DAXsector
              All Transportation & Logistics (4N87), DAXsector
              Transportation & Logistics (CXPL), DAXsubsector All Logistics
              (4N99), DAXsubsector Logistics (I1LB)
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Düsseldorf, Hamburg, München, Berlin, Stuttgart
End of News                                     DGAP News-Service
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