Logwin ocean freight with growth rates in excess of the market

Logwin AG continues with its positive operational development; significantly improved results in the Solutions business segment

During the first nine months of 2014 the Logwin Group increased its operating result (EBITA) to EUR 23.1 million (2013: EUR 17.2 million). At EUR 842.4 million, consolidated revenues of the nine-month period were in line with expectations and below the prior year’s revenues of EUR 932.4 million due to disposals.

The Air + Ocean business segment recorded a volume-related sales growth of 2.9 per cent in the first three quarters of 2014 and reported revenues of EUR 474.6 million (2013: EUR 461.2 million). Particularly encouraging volume growth achieved the business segment Air + Ocean in the ocean freight with growth rates far in excess of market growth. At EUR 23.6 million, the operating result of the business segment exceeded the prior year’s result by 13 per cent (2013: EUR 20.9 million). In particular the Europe and Asia have developed positively in the Air + Ocean business segment.

In the Solutions business segment, revenues of EUR 366.6 million in the first three quarters were below the prior year’s figure of EUR 470.7 million as a result of disposals and location closures carried out in 2013. The operating result of the business segment increased to EUR 5.5 million due to an overall satisfactory performance with key customers (2013: EUR 0.3 million). This led to an improved operating margin of 1.5 per cent (2013: 0.1 per cent). Non-recurring effects from the termination of business activities had impacted the prior year’s result.

Logwin AG (Grevenmacher, Luxembourg) provides efficient logistics and transport solutions for its customers from industry and trade. In 2013, the group generated sales of EUR 1.2 billion and currently employs more than 4,300 staff. Logwin operates in all main markets worldwide and has over 200 locations on six continents. With its two business segments Solutions and Air + Ocean, Logwin AG is one of the leaders in the market.

www.logwin-logistics.com

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