DGAP-News: Logwin AG: Quarterly statement - Logwin with positive earnings development (news with additional features)


DGAP-News: Logwin AG / Key word(s): Quarterly / Interim Statement/9-month
figures
Logwin AG: Quarterly statement - Logwin with positive earnings development
(news with additional features)

27.10.2016 / 06:28
The issuer is solely responsible for the content of this announcement.

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Quarterly statement - Logwin with positive earnings development

Overall economic conditions

Grevenmacher (Luxembourg) - In the third quarter the global economy
continued to develop moderately. While the situation in the emerging
markets stabilized, the economic momentum in the advanced economies has
slowed slightly. In the year 2016 to date, the German logistics sector also
grew slightly on the back of the general economic development, but still
suffers from a strained competitive situation.

Net assets, financial situation and earnings position

Revenues In the first nine months of 2016, the Logwin Group achieved
revenues of EUR 732.5m, down 9.0% on the prior-year figure of EUR 805.1m.
The Air + Ocean business segment generated revenues of EUR 455.0m which
were EUR 56.3m below the previous year. Despite an increase in the air and
ocean freight volumes above the market level, the prior-year turnover could
not be achieved due to lowering freight rates as well as negative currency
effects. In the first three quarters the Solutions business segment
achieved revenues of EUR 279.4m in a still challenging market environment
and was therefore down on the previous year's figure of EUR 292.4m due to
declining prices and changed revenue structure.

EBITA Despite the decline in revenues in the first nine months of 2016, the
Logwin Group exceeded with an operating result (EBITA) of EUR 30.6m the
previous year figure by EUR 3.3m and thus reached a satisfactory level. The
Solutions business segment improved its prior-year result mainly due to an
increase in gross profit with an accompanying reduction in selling, general
and administrative costs. The Air + Ocean business segment was able to
confirm the customer success of the preceding periods and could therefore
slightly improve the operating result once again.

Net result In the first three quarters of 2016, the Logwin Group's net
result rose from EUR 18.2m to
EUR 22.4m. In addition to the improvement in the operating result compared
to the prior year, lower finance expenses as well as positive special
effects in the income taxes were included.

Net cash flow In the third quarter of 2016, the net cash flow of the Logwin
Group was below the prior year's level. This decline results from the
investing cash flow and is attributable to proceeds from disposal of
consolidated subsidiaries, which have influenced the cash flows positively
in the prior year.

Treasury shares As of 30 September 2016, Logwin AG held a total of
2,010,258 treasury shares acquired under the share buyback program (31
December 2015: 1,813,545).

Risks and change in forecasts-report

Compared to the disclosures in the annual financial report 2015, the risk
situation of the Logwin Group has not changed significantly in the first
nine months of 2016. We therefore refer to the 2015 risk report for further
details on current and potential risks.

In comparison to the opportunities and outlook of 2015 no significant
changes have occured. Due to the seasonal and business-specific
uncertainties typical for the logistics sector, the Logwin Group continues
to expect a moderate increase in the net result for the total year 2016.

The quarterly statement as of 30 September 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=WRAPLMWIAS
Document title: Quarterly statement - Logwin with positive earnings
development

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27.10.2016 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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