Logwin Austria recorded declining turnover in 2008
The Austrian organisation of the Logwin AG responded to the considerably decreased demand for transport and logistics services with a strictly liquidity-oriented business model and seizes all available business opportunities at the same time. Berndt-Michael Winter, Chairman of the Executive Committee of the globally acting company, currently sees no sign for quick recovery of the market situation. Therefore the company will fall back on measures such as short-time work, adjustment of the structures to the demand and reduction of material costs in Austria as well, as the Manager announced at a press briefing in Vienna. “Concerning cost reductions nothing will be considered as a sacred cow. Moreover, we will keep an eye on a firm management of accounts receivables,“ he sayd. Logwin employs around 1,400 persons at 32 locations in Austria. Because of a large-scale contract logistics project that expired, the national turnover dropped 5.8 per cent to EUR 539.4 million compared to 2007. More than 50 per cent of the sales were generated in the Road + Rail unit, followed by Solutions (customer-oriented contract logistics) with 38 per cent and Air + Ocean with 7 per cent. Quelle: Österreichische Verkehrszeitung |