Logwin sees increaseing ocean freight volume in 2013
Logwin group profits from positive development of air + ocean freight, despite slightly declining revenues in financial year 2013
In financial year 2013, the Logwin Group generated total revenues of EUR 1,2 billion (2012: EUR 1,3 billion). This development is primarily attributable to the sale of business activities and the closure of locations in the Solutions business segment as well as – to a lesser extent – on average lower freight rates over the course of the year in the Air + Ocean business segment. Operating result (EBITA) before valuation effects and the sale of business activities amounted to EUR 14.8 million (2012: EUR 14.9 million).
The Air + Ocean business segment achieved revenues of EUR 618.1 million (2012: EUR 633.2 million). The slight decrease was mainly due to mostly lower freight rates over the year. In terms of volume, the business segment recorded pleasing growth in ocean freight that was above the market primarily as a result of increased exports from Europe and inner-Asian transportation.
Air freight volume declined owing to a lower level of customer-specific project business compared with the prior year. The operating result for the business segment increased to EUR 27.1 million (2012: EUR 25.3 million).
Despite a continuing difficult competitive environment, the Logwin group expects transport volumes of the Air + Ocean business segment to expand in the current financial year.
www.logwin-logistics.com
Quelle: LogEastics
Portal: www.logistik-express.com
