DGAP-News: Logwin AG / Key word(s): Half Year Results
Logwin AG: Logwin held its ground strongly in the first half of 2015
(news with additional features)
29.07.2015 / 06:30
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Logwin held its ground strongly in the first half of 2015
Grevenmacher (Luxembourg) - The Logwin Group was able to hold its ground
strongly in the highly challenging market and competitive environment of
the first half of 2015. At EUR 532.0m, half-year revenues were slightly
below the prior year's level (EUR 543.2m), with a strong rise in revenues
of the Air + Ocean business segment largely offsetting the decline in
revenues of the Solutions business segment, after the sale of the press
logistics. Operating result (EBITA) for the first six months came to EUR
16.9m and was thus well above the prior year's result (EUR 12.3m).
The Air + Ocean business segment continued successfully its volume growth
recorded in prior periods in the first half of 2015 and achieved a
significant revenue growth of 12.5%ââ with revenues totaling
EUR 340.6m (2014: EUR 302.7m). While foreign currency effects contributed
to the increase in revenues positively, low freight rates had a reducing
effect. The operating result rose by 23.4% to EUR 17.3m (2014: EUR 14.0m).
By the opening of new branches in Leipzig, Erfurt and Krakow in the second
quarter, Air + Ocean expanded its network further.
In the Solutions business segment, revenues declined in the first two
quarters of 2015 in line with the Group's expectations due to the
divestment of the press logistics business at the beginning of the year and
amounted to EUR 190.5m (2014: EUR 240.0m). â Long-standing customer
relationships have been sustainably secured for a further multi-year
collaboration in the first half-year 2015. So a newly constructed logistics
center in Mönchengladbach with 21,000 square meters of space for
Europe-wide cross-docking of clothing has been successfully put into
operation on 1 July. Influenced by positive one-off effects from the sale
of various business activities and non-recurring expenses associated among
others with new customer business, the business segment reported EBITA of
EUR 2.5m (2014: EUR 2.3m).
The Logwin Group's equity ratio rose to 31.9% as of 30 June 2015 (31
December 2014: 27.9%), primarily due to the net result of EUR 11.6m (2014:
EUR 7.8m). At EUR 34.6m, net liquidity remained at a high level as of 30
June 2015 (31 December 2014: EUR 50.8m).
The interim financial report as of 30 June 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
Elisa Hessel
Investor Relations
Phone : +49 6021 343-3633
elisa.hessel@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=WNQILGCRCR
Document title: Logwin held its ground strongly in the first half of
2015
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29.07.2015 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.
The DGAP Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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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381799 29.07.2015
DGAP-News: Logwin AG: Logwin held its ground strongly in the first half of 2015 (news with additional features)
| Source: EQS Group AG