DGAP-News: Logwin AG: Logwin closes financial year 2014 successfully (news with additional features)


DGAP-News: Logwin AG / Key word(s): Final Results
Logwin AG: Logwin closes financial year 2014 successfully (news with
additional features)

04.03.2015 / 18:44

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Logwin closes financial year 2014 successfully

Grevenmacher (Luxembourg) - The Logwin Group had a successful year 2014:
Operating result (EBITA) rose to EUR 25.1m in financial year 2014 (2013:
EUR 12.0m). The decline in consolidated sales from EUR 1,219.7m in the
prior year to EUR 1,129.4m in 2014 is in line with expectations due to the
divestments made in the prior year. The financial strength of Logwin is
further demonstrated by a net liquidity of EUR 50.8m. Both business
segments Solutions and
Air + Ocean contributed to the significant improvement in operating
results.

The Air + Ocean business segment generated revenues of EUR 648.1m in 2014
and thus achieved a very pleasing growth of 4.8% (2013: EUR 618.1m).
Encouraging growth rates were recorded particularly in the sea freight. The
business segment Air + Ocean improved its operating result by 15.2% to
EUR 31.2m (2013: EUR 27.1m), increasing the operating margin to 4.8% (2013:
4.4%). An especially strong improvement in margins was achieved in the
South East Asia region.

At EUR 479.5m, revenues in the Solutions business segment were below the
prior-year figure of EUR 600.6m und thus in line with expectations. The
decrease was a result of the disposals and site closures carried out in the
prior year. The operating result of the business segment improved to EUR
3.6m as - unlike the previous year - there was no significant net impact
from non-recurring expenses and the focus on core activities started to pay
off (2013: EUR -5.8m). The operating margin amounted to 0.8% (2013: -1.0%).

The improvement in results is the driver for the further enhancement of the
Logwin Group's financial strength. On the basis of cash and cash
equivalents of EUR 67.0m (31 December 2013: EUR 58.6m), the Logwin Group
reported a net liquidity of EUR 50.8m as of 31 December 2014 (31 December
2013: EUR 37.9m). Buoyed by the positive net result of EUR 13.8m (2013: EUR
-2.9m), the equity ratio increased to 27.9% (31 December 2013: 26.3%).

In 2015, the Group expects moderate growth for both business segments due
to targeted sales activities with new and existing customers. Based on the
increase in revenues and ongoing measures to increase efficiency in the
Solutions business segment, the Logwin Group aims at a further improvement
in net result in 2015.

The annual 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 2014, the
group generated sales of EUR 1.1bn and currently employs about 4,300 staff.
Logwin operates in all main markets worldwide and has around 180 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:          www.logwin-logistics.com
Sebastian Esser
Chief Financial Officer
Phone: +352 719690-1112
sebastian.esser@logwin-logistics.com

Logwin AG | ZIR Potaschberg | 5, an de Längten | 6776 Grevenmacher |
Luxembourg | www.logwin-logistics.com



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Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=IFMKIKNOWU
Document title: Logwin closes financial year 2014 successfully

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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:      Regulated Market in Frankfurt (Prime Standard); Regulated   
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,   
             Stuttgart                                                   
 
 
End of News    DGAP News-Service  
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