Logwin: 600,000 TEU of ocean freight and 140,000 tonnes of air freight
The Logwin group increased its revenues in 2017 for both of its key activities Air + Ocean and Solutions by 13 per cent to EUR 1.1 billion. The operating result (EBITA) grew to EUR 38.1 million, according to the 2017annual financial report, which was published yesterday.
In the Air + Ocean business segment, in the year 2017 volumes increased in a growing, but – due to limited transport capacities – challenging market environment. Additionally supported by increased freight rates, air and ocean revenues increased by 20.8 per cent to EUR 753.2 million (2016: EUR 623.3m).
In the Solutions business segment, a challenging market and a competitive environment once again required the focus on current business activities. The stabilisation of key sites and new businesses with existing customers characterised the development in 2017. Despite of the continued high price and competitive pressure, the Solutions business segment achieved sales of EUR 368.2m, equalling the previous year’s level (2016: EUR 369.1m).
Overall, Logwin Group increased its operating result (EBITA) from EUR 35.5 million to EUR 38.1 million. The net result of EUR 26.7 million slightly exceeded the prior year’s figure of EUR 26.4 million. In the prior year, one-off tax effects had a positive impact on the net result. The equity ratio of Logwin increased from 35 per cent to 36.6 per cent thanks to the positive net result.
Logwin AG (Grevenmacher, Luxembourg) provides efficient logistics and transport solutions for its customers from industry and trade. The group currently employs about 4,200 staff. Logwin operates in all main markets worldwide and has around 190 locations on six continents, with a total of 500,000 m² of warehouse area.