Logwin AG

  • WKN: A2DR54
  • ISIN: LU1618151879
  • Land: Luxemburg

Nachricht vom 23.07.2021 | 10:05

Logwin AG: Logwin continues significant increase in sales and earnings and adjusts forecast

Logwin AG / Key word(s): Half Year Results
Logwin AG: Logwin continues significant increase in sales and earnings and adjusts forecast

23-Jul-2021 / 10:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 (market abuse regulation)

Logwin continues significant increase in sales and earnings and adjusts forecast

Grevenmacher (Luxembourg) - The Logwin Group announces its preliminary half-year figures for 2021 and adjusts its forecast for the current financial year in view of the business developments that continue to exceed expectations.

Logwin Group's sales increased by 43.4 % to 771.1 million euros in the first half of 2021 (2020: 537.7 million euros). The main reason was the development in the business segment Air + Ocean with a good volume development and high freight rates in ocean and air freight. In terms of operating earnings (EBITA), the Logwin Group achieved 36.6 million euros in the first half of the current fiscal year (2020: 18.2 million euros), thus exceeding the previous year's result very significantly by 18.4 million euros. The Logwin Group's net profit for the period amounted to 27.7 million euros in the first six months of 2021 (2020: 12.6 million euros).

Due to the significantly better overall sales and earnings development in the first half of 2021 compared with the forecast report in the Annual Financial Report 2020, the Logwin Group now expects strong sales growth to around 1.5 billion euros for the full year 2021. The extent of the increase in sales continues to depend to a large extent on the further development of freight rates and volumes. Based on current developments, the Logwin Group's operating earnings (EBITA) will also increase significantly compared to the previous year and is expected to be in range of around 65 million euros. The net result for the period is also expected to increase significantly on the basis of the expected development of operating earnings (EBITA). The forecast is still subject to highly increased uncertainty due to the particular development of the market and competitive environment and the possible effects of measures to combat the global pandemic.

Further information on business performance will be provided in the interim group report for the first half of 2021.

The aforementioned key performance indicators (KPIs) are an integral part of Logwin Group's system of key figures and are described and defined in the section "Financial Performance Management" of the management report of the Annual Financial Report 2020 in line with the European Securities and Markets Authority's (ESMA) Guidelines on Alternative Performance Measures (APM) dated 5 October 2015.

Person making the notification: Sebastian Esser, Member of the Board of Directors (Chief Financial Officer)


 

About Logwin AG

Logwin AG (Grevenmacher, Luxembourg) provides efficient logistics and transport solutions for its customers from industry and trade. In 2020, the group generated sales of EUR 1.1bn and currently employs about 4,200 staff. Logwin 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.

Logwin AG is listed in the Prime Standard of the Deutsche Börse. The majority shareholder is DELTON Logistics S.à r.l., Grevenmacher, Luxembourg.

Contact: www.logwin-logistics.com
Sebastian Esser

Chief Financial Officer
Tel: +352 719690-1112
sebastian.esser@logwin-logistics.com


23-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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