Logwin AG
Logwin AG: Logwin concludes financial year 2017 with significant growth and good earnings development (news with additional features)
DGAP-News: Logwin AG / Key word(s): Final Results Grevenmacher (Luxembourg) – Logwin Group increased revenues in 2017 for both key activities In the Air + Ocean business segment, in the year 2017 ocean- and airfreight volumes increased in a growing, but – due to limited transport capacities – challenging market environment. Additionally supported by increased freight rates, air and ocean revenues increased by 20.8% to EUR 753.2m (2016: EUR 623.3m). In the Solutions business segment, a challenging market and competitive environment once again required the focus on current business activities. The stabilization of key sites and new businesses with existing customers characterized the development in 2017. Despite of the continued high price and competitive pressure, the Solutions business segment achieved sales of EUR 368.2m, equaling the previous year’s level Overall, Logwin Group increased its operating result (EBITA) from EUR 35.5m to EUR 38.1m. The net result of EUR 26.7m slightly exceeded the prior year’s figure of 26.4 Mio. Euro. In the prior year, one-off tax effects had a positive impact on the net result. The equity ratio of Logwin Group increased from 35.0% to 36.6% due to the positive net result. The cash flow of Logwin Group also developed positively. Cash flows from operating activities totaled to EUR 31.6m (prior year: EUR 32.8m). The investing cash flow of EUR -9.8m was influenced primarily by investments in the Solutions business segment in connection with new business opportunities The Board of Directors will propose to the shareholders the payment of a dividend of EUR 2.50 per share based on the good operating and financial development of Logwin Group (prior year: EUR 2.00). The Annual Financial Report 2017 of Logwin Group is available on the internet at: www.logwin-logistics.com. 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 2017 in line with the European Securities and Markets Authority’s (ESMA) Guidelines on Alternative Performance Measures (APM) dated 5 October 2015.
About Logwin AG Contact: www.logwin-logistics.com Logwin AG | ZIR Potaschberg | 5, an de Längten | 6776 Grevenmacher | Luxembourg | www.logwin-logistics.com Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=LOHJWYHLOM Document title: Logwin concludes financial year 2017 with significant growth and good earnings development
28.02.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Logwin AG |
an de Längten 5 | |
L-6776 Grevenmacher | |
Luxemburg | |
Phone: | +352 719 690 0 |
Fax: | +352 719 690 1359 |
E-mail: | ir-info@logwin-logistics.com |
Internet: | www.logwin-logistics.com |
ISIN: | LU1618151879 |
WKN: | A2DR54 |
Indices: | Prime All Share (PXAP), Classic All Share (CLXP), DAXsector All Transportation & Logistics (4N87), DAXsector Transportation & Logistics (CXPL), DAXsubsector All Logistics (4N99), DAXsubsector Logistics (I1LB) |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |