DGAP-News: Logwin AG / Key word(s): 9-month figures
Logwin AG: Logwin improves earnings despite increasingly difficult
market condition (news with additional features)
29.10.2015 / 06:40
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Logwin improves earnings despite increasingly difficult market condition
Grevenmacher (Luxembourg) - The Logwin Group generated revenues of EUR
805.1m and an EBITA of EUR 27.3m during the first nine months of 2015. The
significant earnings increase as against the prior year of EUR 4.2m was
achieved despite increasingly difficult market conditions.
The revenues of the Solutions business segment amounted to EUR 292.4m in
the first three quarters of 2015 (2014: EUR 366.6m). They decreased as
expected significantly against the prior year as a result of the disposal
of the press logistics business at the beginning of the year. Stagnant
volumes in contract logistics and declining volumes in the retail network
affected revenues and earnings additionally. The usual seasonal peak of the
third quarter in the retail business fell well short of expectations. The
business segment reported an EBITA of EUR 3.9m in the first nine months
(2014: EUR 5,5m).
The Air + Ocean business segment achieved a good volume development during
the first three quarters of 2015 and continued its prevailing growth trend.
The business segment generated revenues of EUR 511.3m (2014: EUR 474.6m),
corresponding to a revenue growth of 7.7%. Low freight rates as well as
declining volumes in the air freight market slowed down the revenue
development. At EUR 28.0m, EBITA outperformed the prior-year result
significantly despite the increasingly difficult market conditions (2014:
EUR 23,6m).
The Logwin Group's financial strength remains very positive. Based on the
net result for the period of EUR 18.2m (2014: EUR 13.2m), the equity ratio
increased to 31.3% as of 30 September 2015 (31 December 2014: 27.9%). Net
liquidity was on par with the high level of the prior year-end at EUR 48.3m
(31 December 2014: EUR 50.8m).
The interim financial report as of 30 September 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=OUEWJOXVYW
Document title: Logwin improves earnings despite increasingly
difficult market condition
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29.10.2015 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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406621 29.10.2015
DGAP-News: Logwin AG: Logwin improves earnings despite increasingly difficult market condition (news with additional features)
| Quelle: EQS Group AG