DGAP-News: Logwin AG / Key word(s): Quarter Results
Logwin AG: Logwin benefits from consistent further development (news
with additional features)
29.04.2015 / 07:38
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Logwin benefits from consistent further development
Grevenmacher (Luxembourg) - With the sale of the press logistics and the
simultaneous development of customer projects, the Logwin Group continued
the strategic concentration of its activities in the first quarter of 2015.
The three-month revenues of EUR 274.4m were only slightly below the
previous year (EUR 278.5m) as the sale of the press logistics in the first
quarter of 2015 was almost compensated by a significant revenue growth in
the Air + Ocean business segment. The operating result (EBITA) increased to
EUR 10.3m in the first three month of the 2015 financial year (2014: EUR
8.0m).
The Air + Ocean business segment kept its pleasing volume growth of the
previous periods in the ocean freight and achieved revenues of EUR172.2m
(2014: EUR 151.3m). In addition, currency effects contributed significantly
to the business segment's increase in revenues. Air + Ocean outperformed
the previous year's EBITA in the first quarter with EUR 7.9m significantly
(2014: EUR 6.4m) and increased its operating margin to very pleasing 4.6%
(2014: 4.2%). To expand the activities in South America, the minority
interests in the Chilean subsidiary have been acquired.
In the Solutions business segment, the sale of the press logistics
contributed to a further focus on sustainable and profitable businesses. At
the same time, larger projects have been developed for existing customers
such as the construction of a new logistics center in Mönchengladbach. In
the first quarter, the revenues of the business segment Solutions of EUR
101.8m were below the previous year's revenues of EUR 127.7m, mainly as a
result of the sale. After a stable performance in the first three months of
2015 the operating result of the business segment amounted to EUR 4.1m
(2014: EUR 3.2m). This figure includes non-recurring effects from the sale
of various business activities. The EBITA margin increased to 4.0% (2014:
2.5%).
The equity ratio of the Logwin Group rose to 28.9% as of 31 March 2015 (31
December 2014: 27.9%) based on a net result of EUR 6.9m (2014: EUR 5.4m).
At EUR 40.7m, net liquidity remained at a pleasing high level as of 31
March 2014 (31 December 2014: EUR 50.8m).
The interim financial report as of 31 March 2015 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 4,200 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
Contact:
Public Relations
P: 00352/719690-1354
F: 00352/719690-1359
pr-info@logwin-logistics.com
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=QOTTQBTFIL
Document title: Logwin benefits from consistent further development
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29.04.2015 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: 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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350113 29.04.2015
DGAP-News: Logwin AG: Logwin benefits from consistent further development (news with additional features)
| Source: EQS Group AG