Signs indicate growth at Logwin AG
Logwin operates new cross docking centre in Renningen for perfumery chain Douglas In the first quarter of 2010 Logwin AG was able to record a slight uptrend. In their continued business segments (excluding Road + Rail) the group achieved a turnover of around EUR 320 million in the reporting period, which is 13.3 per cent up on the first quarter of the previous year (2009: around EUR 283 million). EBIT amounted to EUR 7.4 million (2009: EUR 5 million). Operating cash flow showed also a positive development with EUR 6.8 million (2009: EUR 4.6 million). The Solutions business unit was able to keep its turnover at the relatively stable level of around EUR 175 million. As for Air + Ocean the group registered a growth in turnover of 38 per cent from EUR 105 million in 2009 to around EUR 145 million. The disposal of the activities of the Road + Rail segment is concluded by now. Since the beginning of this year the logistics service provider operates a new cross docking centre in Renningen, in the west of Stuttgart, on behalf of Douglas, who is a long-term cooperation partner in Austria and Germany. At this location Logwin provides such services to the perfumery enterprise as quality control, labelling and other value added services. Moreover Logwin is in charge of distribution of the cosmetic articles to around 80 regional branches two to five times per week. Including the new site in Renningen, Logwin operates a total of four cross docking centre for thiscustomer (Aschaffenburg, Hamburg and Langenfeld). |