DGAP-News: Logwin AG / Key word(s): Half Year Results/Half Year Results
Logwin AG: Logwin with good half-year result 2016 (news with additional
features)
29.07.2016 / 06:18
The issuer is solely responsible for the content of this announcement.
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Logwin with good half-year result 2016
Grevenmacher (Luxembourg) - The Logwin Group achieved a slight improvement
in results in the first half-year. In the first two quarters of the
financial year 2016 the operating result (EBITA) increased to EUR 17.0m
(2015: EUR 16.9m). Due to low freight rates and exchange rates the revenues
amounted to EUR 479.2m (2015: EUR 532.0m).
The business segment Air + Ocean continued its favorable volume growth,
both in air freight and in ocean freight, against an overall slow market
environment. Due to low freight rates and negative foreign exchange effects
the global network showed a significant decline in revenues of EUR 44.1m to
EUR 296.5m (2015: EUR 340.6m) in the first half-year 2016. The business
segment further increased its prior-year EBITA by EUR 0.6m to EUR 17.9m
(2015: EUR 17.3m). A new subsidiary has been established in Slovakia in
order to expand the European network further.
Despite an overall satisfactory volume development with existing customers,
the revenues of the business segment Solutions of EUR 184.1m (2015: EUR
190.5m) were, slightly below the prior-year figure amid continuous intense
price and competitive pressure. In the first half-year 2016, the operating
result of the business segment amounted to EUR 2.4m (2015: EUR 2.5m). The
EBITA development reflects the stable business performance as well as the
successful reduction of operating cost.
Due to the positive net result of EUR 12.4m (2015: EUR 11.6m), the equity
ratio of Logwin Group increased from 31.6% as of 31 December 2015 to 33.5%
as of 30 June 2016. At the end of the second quarter, the net liquidity
with EUR 62.9m remained on a pleasingly high level (31 December 2015: EUR
77.3m).
The interim financial report as of 30 June 2016 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 2015, 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 190 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.eqs.com/c/fncls.ssp?u=BPNIBTOBCB
Document title: Logwin with good half-year result 2016
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29.07.2016 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,
Financial/Corporate News and Press Releases.
Archive at 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, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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487455 29.07.2016
DGAP-News: Logwin AG: Logwin with good half-year result 2016 (news with additional features)
| Source: EQS Group AG