Logwin records pleasing trend in ocean freight volume
Logwin, a global provider of holistic transport and logistics solutions, achieved increased results in the first half of the year 2014
The Logwin group increased its results in the first half of the year 2014 and thus continued the stable development of the first quarter. Fully in line with targets, total revenues of the logistics service provider were below prior year at EUR 543.2 million (2013: EUR 622.8m), after the sale or discontinuation of various business activities in the Solutions business segment in 2013. At EUR 12.3 million, the operating result (EBITA) was above the operating result of EUR 10.7 million recorded in the previous year.
In the first six months of 2014, the Solutions business segment generated revenues of EUR 240 million. As expected by the group, revenues were clearly below the prior year figure (2013: EUR 324.4m) due to the disposals carried out in 2013. The operating result of the business segment rose to EUR 2.3 million (2013: EUR 1.2m) and the EBITA margin improved to 1.0 % (2013: 0.4 %).
In the Air + Ocean business segment revenues of EUR 302.7 million in the first half of the year 2014 exceeded the revenues of the prior year (2013: EUR 298.1m) by 1.5 %. The volume trend in the ocean freight was particularly positive and exceeded market growth. The business segment increased its EBITA by 14.7 % to EUR 14 million (2013: EUR 12.2m).
For the full year 2014, the Logwin group expects an improvement in earnings compared with the prior year.
www.logwin-logistics.com
Quelle: LogEastics
Portal: www.logistik-express.com