25.07.2018
Logwin AG LU1618151879
DGAP-News: Logwin with significant earnings increases in the first half of 2018
DGAP-News: Logwin AG / Key word(s): Half Year Results
Logwin with significant earnings increases in the first half of 2018 (news
with additional features)
25.07.2018 / 12:31
The issuer is solely responsible for the content of this announcement.
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Grevenmacher (Luxembourg) - In the first half of 2018, the Logwin Group
generated sales of EUR 540.1m, slightly below the previous year's sales of
EUR 541.4m. Cargo volumes in air and ocean freight continued to develop
well.
In the still challenging market and competitive environment, Logwin
succeeded in continuing its good earnings performance in the first half of
2018. The operating result (EBITA) of the Logwin Group increased
significantly year-on-year from EUR 18.5m to EUR 22.9m in the first half of
2018. The business segment Air + Ocean contributed to this improvement with
an earnings increase to EUR 21.1m (2017: EUR 17.5m). In the business segment
Solutions, earnings also increased to
EUR 4.8m (2017: EUR 4.4m) as well. The improvement in operating profit
resulted in a significant increase in the net result to EUR 17.8m for the
first half of 2018 (2017: EUR 13.1m).
At EUR 0.6m, net cash flow in the first half of 2018 also was significantly
higher than the previous year's figure of EUR -22.6m. Logwin Group recorded
cash inflows from operating activities of EUR 4.3m (2017: EUR- 14.9m). The
capital expenditures amounted to EUR -4.6m (2017: EUR -7.6m).
Net liquidity amounted to EUR 109.0m as at 30 June 2018 and remained at a
high level (31 December 2017: EUR 116.5m). The equity ratio increased from
36.6% to 39.4% at 30 June 2018 due to the positive net result of the period.
In April 2018, Logwin paid a dividend of EUR 2.50 per share (totaling EUR
7.2m) for the fiscal year 2017.
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 Interim Financial Report as of 30 June 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 (Germany).
Contact: www.logwin-logistics.com
Sebastian Esser
Chief Financial Officer
Phone: +352 719690-1112
[email protected]
Logwin AG | ZIR Potaschberg | 5, an de Längten | 6776 Grevenmacher |
Luxemburg | www.logwin-logistics.com
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=EAEKXSCRPF
Document title: 180725_Logwin_Press_Release_Q2_2018
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25.07.2018 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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707799 25.07.2018
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