25.04.2018
Logwin AG LU1618151879
DGAP-News: Logwin AG: Quarterly statement - Logwin Group continues its good revenues and earnings development
DGAP-News: Logwin AG / Key word(s): Quarterly / Interim Statement/Quarterly
/ Interim Statement
Logwin AG: Quarterly statement - Logwin Group continues its good revenues
and earnings development (news with additional features)
25.04.2018 / 12:36
The issuer is solely responsible for the content of this announcement.
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Quarterly statement - Logwin Group continues its good revenues and earnings
development
Overall economic conditions
Grevenmacher (Luxembourg) - The global economy has maintained its upswing
overall. In the emerging markets, the speed of expansion has not accelerated
further since the middle of 2017. In Germany and other major economies the
dynamic development equally continued slightly weakened during the first
quarter of 2018.
Net assets, financial situation and earnings position
Revenues In the first three months of 2018, Logwin Group achieved revenues
of EUR 276.2m, up 3,7 % on the prior-year figure of EUR 266.4m. The business
segment Air + Ocean generated revenues of EUR 183.1m, which is EUR 12.7m
above the previous year's figure. The increase resulted mainly from volume
increases, partly offset by a negative development of exchange rates. The
business segment Solutions achieved revenues of EUR 93.5m in the first
quarter of 2018, as the finalization of special projects handled during the
previous year led to reductions of an overall stable development against the
comparative period revenues of EUR 96.6m.
EBITA Logwin Group exceeded the prior year figure by EUR 1.9m with an
operating result of EUR 11.6m in the first three months of 2018. The
business segment Air + Ocean exceeded the previous year's figure due to
volume effects, and the business segment Solutions experienced a significant
improvement in important operating sites compared to the prior year.
Net result In the first quarter of 2018, Logwin Group increased the net
result compared to the prior-year figure by EUR 1.6m to EUR 8.6m (2017: EUR
7.0m).
Net cash flow The net cash flow of the Logwin Group improved in the first
three months of 2018 as a result of lower investments in the business
segment Solutions.
Risks and change in forecasts-report
Compared to the disclosures in the annual financial report 2017, the risk
situation of Logwin Group has not changed materially in the first three
months of 2018. We therefore refer to the annual financial report 2017 for
further details on current and potential risks.
In comparison to the opportunities and outlook of 2017 no material changes
relating to the expected development of the Logwin Group have occurred. Due
to usual seasonal and the business-specific uncertainties typical for the
logistics sector, the Logwin Group continues to expect a moderate increase
in the operating result for the total year 2018.
The aforementioned key performance indicators (KPIs) are an integral part of
Logwin Group's system of key figures and are described and defined in the
section "Financial Performance Management" of the management report of the
annual financial report 2017 in line with the European Securities and
Markets Authority's (ESMA) Guidelines on Alternative Performance Measures
(APM) dated 5 October 2015.
The Quarterly Statement as of 31 March 2018 of 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 2017, 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 v. d. Höhe (Germany).
Contact: www.logwin-logistics.com
Sebastian Esser
Chief Financial Officer
Phone: +352 719690-1112
[email protected]
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=MYNJMCMSGC
Document title: Quarterly statement - Logwin Group continues its good
revenues and earnings development
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25.04.2018 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
Luxemburg
Phone: +352 719 690 0
Fax: +352 719 690 1359
E-mail: [email protected]
Internet: www.logwin-logistics.com
ISIN: LU1618151879
WKN: A2DR54
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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