DGAP-News: Logwin AG / Key word(s): Half Year Results
Logwin with increased result in the first half-year 2014
05.08.2014 / 07:17
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Logwin with increased result in the first half-year 2014
Grevenmacher (Luxembourg) - The Logwin-Group increased its result in the
first half-year 2014 and thus continued the stable development of the first
quarter. Fully in line with targets, total revenues of the logistics
service provider were below prior year at EUR 543.2m (2013: EUR 622.8m),
after the sale or discontinuation of various business activities in the
Solutions business segment in 2013. At EUR 12.3m, the operating result
(EBITA) was above the operating result of EUR 10.7m recorded in the
previous year.
In the first six months of 2014, the Solutions business segment generated
revenues of EUR 240.0m. As expected, revenues were clearly below the prior
year figure (2013: EUR 324.4m) due to the disposals carried out in 2013.
The operating result of the business segment rose to EUR 2.3m (2013: EUR
1.2m) and the EBITA margin improved to 1.0 % (2013: 0.4 %). In the Air +
Ocean business segment revenues of EUR 302.7m in the first half-year 2014
exceeded the revenues of the prior year (2013: EUR 298.1m) by 1.5 %. The
volume trend in the ocean freight was particularly positive and exceeded
market growth. The business segment increased its EBITA by 14.7 % to EUR
14.0m (2013: EUR 12.2m).
The Group's net liquidity came to EUR 22.2m (31 December 2013: EUR 37.9m).
The net cash flow of the first half-year amounted to EUR -13,9m due to
expected seasonal effects. The positive net result of EUR 7.8m (2013: EUR
0.3m) led to an increased equity ratio of 28.3 % (31 December 2013: 26.3
%).
For the full year 2014, the Logwin Group expects an improvement in earnings
compared with the prior year.
The half-year financial report 2014 of the Logwin Group is available on
the Internet at: www.logwin-logistics.com
About Logwin AG
Logwin AG (Grevenmacher, Luxembourg) provides efficient logistics and
transport solutions for its customers from industry and trade. In 2013, the
group generated sales of EUR 1.2bn and currently employs more than 4,200
staff. Logwin operates in all main markets worldwide and has over 200
locations on six continents. With its two business segments Solutions and
Air + Ocean, Logwin AG is one of the leaders in the market.
Logwin AG is listed in the Prime Standard of the Deutsche Börse. The
majority shareholder is DELTON AG, Bad Homburg (Germany).
Contact:
Sebastian Esser
Chief Financial Officer
Phone: +352 719690-1112
sebastian.esser@logwin-logistics.com
Dominique Simone Buhk
Public Relations
Phone: +352 719690-1354
dominique.buhk@logwin-logistics.com
Logwin AG | ZIR Potaschberg | 5, an de Laengten | 6776 Grevenmacher |
Luxembourg | www.logwin-logistics.com
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05.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Logwin AG
an de Längten 5
L-6776 Grevenmacher
Grand Duchy of Luxembourg
Phone: +352 719 690 0
Fax: +352 719 690 1359
E-mail: ir-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, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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280731 05.08.2014
DGAP-News: Logwin with increased result in the first half-year 2014
| Source: EQS Group AG