DGAP-News: Logwin AG / Key word(s): Quarter Results
Logwin reports a pleasing start to the 2013 financial year
03.05.2013 / 07:30
---------------------------------------------------------------------
Logwin reports a pleasing start to the 2013 financial year
- Revenues: 320.7 million euros / Operating result (EBIT): 8.0 million
euros
- Stable revenues and earnings position at Air + Ocean
- First positive effects from improved efficiency at Solutions
- Continued positive net liquidity
Grevenmacher (Luxembourg) - The Logwin Group generated total revenues of
320.7 million euros in the first quarter of the 2013 financial year, which
was thus slightly below the figure for the prior year (2012: 329.9 million
euros). Operating result (EBIT) increased by 1.9 million euros to 8.0
million euros (2012: 6.1 million euros). The net result improved to 4.6
million euros (2012: 2.9 million euros). At -1.6 million euros, the
financial result is at the same level as the prior year (2012: -1.7 million
euros). The financial stability of the Logwin Group is also evidenced by
the continuing positive net liquidity of 4.4 million euros (December 31,
2012: 7.2 million euros).
Berndt-Michael Winter, Chairman of the Executive Committee (CEO) of Logwin
AG comments, 'Improved operating efficiency and reduced structural costs
are showing their first positive effects at Solutions. We continue to be
satisfied with the stable development at Air + Ocean in the face of
difficult market conditions.'
The business segment Solutions generated revenues of 171.5 million euros in
the first three months (2012: 181.5 million euros). In the functional unit
Logistics and Warehousing was the positive development in terms of volume
with particular customers compensated by volume losses due to location
closures. The functional unit Transport and Retail Networks faced in part
lower production volumes in the reporting period compared with the prior
year. In the reporting period, the operating result (EBIT) for the business
segment Solutions increased to 3.2 million euros (2012: 1.3 million euros).
The revenues of the business segment Air + Ocean in the first quarter of
2013, at 148.9 million euros, were at the same level as the prior year
(2012: 148.6 million euros). Air freight volume was below the figure for
the previous year for the business segment Air + Ocean as well as for the
market as a whole. However, sea freight volumes developed somewhat better
than for the stagnating market. Freight rates were varied. Despite a
restrained market situation in Asia, the overall earnings position is
satisfactory. The business segment was able to maintain the same level of
operating result (EBIT) of 6.0 million euros in the first three months of
2013 as in the prior year.
The 2013 quarterly financial report for the Logwin Group is available on
the Internet under: www.logwin-logistics.com
About Logwin AG
Logwin AG, Grevenmacher (Luxembourg), develops comprehensive logistics and
service solutions as an external partner for industry and trade. In 2012,
the group generated revenues of 1.3 billion euros and currently employs
approximately 5,200 staff. Logwin operates in all main markets worldwide
and has over 250 locations across all continents. With its two business
segments Solutions (customer-focused contract logistics solutions) and Air
+ Ocean (global air and sea freight activities), 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:
Mara Hancker
Public Relations
Phone: +352 719690-1354
Fax: +352 719690-1359
pr-info@logwin-logistics.com
Dr. Karl-Heinz Kramer
Investor Relations
Phone: +352 719690-1112
Fax: +352 719690-1359
ir-info@logwin-logistics.com
End of Corporate News
---------------------------------------------------------------------
03.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
209534 03.05.2013
DGAP-News: Logwin reports a pleasing start to the 2013 financial year
| Source: EQS Group AG