Logwin Solutions turns to the black in operating figures

Logwin Group: Very positive growth rates in the year 2014 particularly in sea freight and sale of media logistics to Ohl logistics group

In 2015, the Logwin Group expects moderate growth for its business segments air & ocean and solutions (customer oriented contract logistics) through targeted sales activities with new and existing customers. Based on the increase in revenues and ongoing measures to increase efficiency in the Solutions business segment, the Logwin Group aims at a further improvement in net result .

In 2014 the operating result (EBITA) rose to EUR 25.1 million (2013: EUR 12.0m), to wich both business segments had contributed. The decline in consolidated sales from EUR 1,22 million in the prior year to EUR 1,13 million in 2014 is in line with expectations due to the divestments made in the prior year.

The Air + Ocean business segment generated revenues of EUR 648.1 million in 2014 and thus achieved a growth of 4.8%. Encouraging growth rates were recorded particularly in sea freight. The air & ocean business segment showed very positive growth rates. An especially strong improvement was achieved in the South East Asia region, increasing the operating margin to 4.8% (2013: 4.4%).

At EUR 479.5m, revenues in the Solutions business segment were below the prior-year figure of EUR 600.6m und thus in line with expectations. The decrease was a result of the disposals and site closures carried out in the prior year. The operating margin amounted to 0.8% (2013: -1.0%).

Simultaneously with publishing the 2014 annual report Logwin announced that is sells its subsidiary Logwin Solutions Media GmbH to Ohl logistics group. A share purchase agreement has been signed on 4 March.

Logwin Solutions Media GmbH specialises in providing forwarding services to Germany’s national newspaper and magazine publishing houses. In 2014, the company achieved a turnover of EUR 77 million. At the end of 2014, the company employed 113 employees at its locations in Hamburg, Berlin, Cologne, Mörfelden and Weiterstadt. Logwin had acquired the media logistics business from Axel Springer Group in 2002. Revenues from media logistics have declined due to significant losses in volume resulting from digitalisation affecting sales of newspapers and magazines negatively over the last years.

Ohl logistics group was founded in 1946 and is a specialist for integrated logistics solutions for print, media and travel businesses. Ohl operates 19 locations in Europe with approx. 600 employees. Ohl group partners with more than 500 publishing houses and delivers some 2,700 different newspapers and magazines to retail outlets in Germany.

www.logwin-logistics.com

Quelle: LogEastics
Portal: www.logistik-express.com