Logwin: More air and ocean freight and better Solutions business
Revenues at the Logwin group have increased substantially by 13 percent to EUR 541.4 million in the course of the year 2017 (2016: EUR 479.2 m). The growth results from the significantly higher rate level for the ocean freight and volume increases for both air and ocean freight in the Air + Ocean business segment. Revenues in the Solutions business segment have been stable overall, despite considerable increases achieved with several existing key customers and on the basis of new business gains.
Overall, the Logwin group continued its good earnings development amid the highly challenging market and competitive environment. The operating result (EBITA) of the Logwin Group amounted to EUR 18.5 million in the first half of 2017, up on the prior year’s figure of EUR 17 million. A significant earnings improvement in the Solutions business segment to EUR 4.4 million (2016: EUR 2.4m) contributed mainly to this improvement. The Air + Ocean business segment achieved yet another pleasing operating result of EUR 17.5 million in the first six months of 2017, despite the slight decrease by EUR 0.4m from the prior year’s figure of EUR 17.9m.
In dem unverändert herausfordernden Markt- und Wettbewerbsumfeld konnte der Logwin-Konzern im ersten Halbjahr 2017 die positive Ergebnisentwicklung fortsetzen. Das operative Ergebnis lag nach sechs Monaten mit 18,5 Mio. Euro über dem Vorjahreswert von 17 Mio. Euro. Ein deutlicher Ergebnisanstieg im Geschäftsfeld Solutions auf 4,4 Mio. Euro (2016: 2,4 Mio. Euro) hat wesentlich zur Verbesserung beigetragen. Im Geschäftsfeld Air + Ocean lag das operative Ergebnis mit 17,5 Mio. Euro im geringfügig unter dem Vorjahresergebnis von 17,9 Mio. Euro.
Assuming a stable global economic development and stable exchange rates, the Logwin group expects the significant increase in consolidated revenues to continue throughout fiscal year 2017 based on a moderate volume growth and stable freight rates. In light of the continued challenges in the market environment, Logwin group is still striving for a moderate increase in the group result for the year 2017.
Logwin AG (Grevenmacher, Luxembourg) provides efficient logistics and transport solutions for its customers from industry and trade. Logwin operates in all main markets worldwide, employs about 4,200 staff, and has around 190 locations on six continents. Logwin AG is listed in the Prime Standard of the Deutsche Börse. The majority shareholder is Delton AG, Bad Homburg (Germany).