Logwin AG / Half Year Results 30.07.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Grevenmacher (Luxembourg) - In the first half of 2009, Logwin AG generated net sales of 772.9 million euros (2008: 1,039.7 million euros). Due to the market conditions, EBIT before restructuring costs and impairments amounted to -5.3 million euros (2008: 15.4 million euros). Restructuring costs of -6.0 million euros have been recorded for the first half year of 2009. These costs are related to the closing down of the freight forwarding activities at the Road + Rail location Karlsfeld near Munich (Germany). The planned reduction of business activities in land transportation leads to an impairment of goodwill of -27.3 million euros. The net result amounts to -48.8 million euros for the first half 2009 (2008: 3.9 million euros). Despite the decline in performance as a result of lower sales, net cash flow improved compared to the previous year's figure to -5.4 million euros (2008: -7.3 million euros). At 53.5 million euros, the group's cash and cash equivalents remained stable. As a response to the developments of the first half year, comprehensive measures aimed at capacity adjustments and cost cuttings are being implemented. The liquidity-oriented management of the group was further intensified. The full half-year financial report will be released immediately. It can be found also 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 30.07.2009 --------------------------------------------------------------------------- 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 Berlin, München, Düsseldorf, Stuttgart, Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Logwin AG: Sales and earnings development for the first half year 2009
| Source: EQS Group AG