Logwin with significant earnings growth in FY 2018
In its two business segments Air + Ocean and Solutions, the Logwin Group succeeded in achieving significant earnings growth in a difficult market environment.
The Logwin Group increased its revenue to EUR 1.15bn in 2018 (2017: EUR 1.12bn) based on a positive business development, and concluded the fiscal year 2018 with a significantly higher operating result (EBITA) of EUR 49.2m (2017: EUR 38.1m). The operating margin thus rose to 4.3 percent (2017: 3.4 percent).
At EUR 39.2m, the net result exceeded the prior year’s figure of EUR 26.7m by EUR 12.5m significantly. In addition to the improvement in operating earnings, a lower tax rate and lower finance expenses had a positive impact on the net result.
In 2018, the Air + Ocean business segment again achieved an increase in air and sea freight volumes in a market environment that was only growing at a subdued pace. Lower average freight rates for sea freight during the year had a negative impact on revenue development. Overall, revenues rose by 3.4 percent to EURÂ 778.8m (2017: EUR 753.2m).
The Solutions business segment continued to be impacted by a strong price and competitive pressure in 2018. Nevertheless, the sales volumes in existing businesses increased overall and new customer business also contributed positively to revenues. Business activities that ended in 2018 had an opposite effect. Overall, revenue increased from EUR 368.2m to EUR 371.3m.
Logwin AG (Grevenmacher, Luxembourg) provides efficient logistics and transport solutions for its customers from industry and trade. Th group with about 4,400 staff operates in all main markets worldwide and has around 190 locations on six continents. With its two business segments Solutions and Air + Ocean, Logwin AG is one of the leaders in the market.