Logwin AG
ISIN: LU1618151879
WKN: A2DR54
31 July 2024 11:40AM

EQS-News: Logwin: Revenue development in the first half of 2024 at previous year's level

Logwin AG · ISIN: LU1618151879 · EQS - Company News
Country: Luxembourg · Primary market: Luxembourg · EQS NID: 1958197

EQS-News: Logwin AG / Key word(s): Interim Report/Quarter Results
Logwin: Revenue development in the first half of 2024 at previous year's level (news with additional features)

31.07.2024 / 11:40 CET/CEST
The issuer is solely responsible for the content of this announcement.


Grevenmacher (Luxembourg) – The Logwin Group's revenue of EUR 643.5m in the first half of 2024 was slightly lower than in the previous year (EUR 673.0m). The decline in revenue is partly due to the disposal of the retail network activities in the first quarter of 2023. Adjusted for one-off effects, sales remained at the previous year's level. The development of air and ocean freight volumes recorded a positive trend in the first half of the year. The investments made in new locations and subsidiaries, including in New Zealand and the Netherlands, will have a positive impact on the further development of the Logwin Group.

The Logwin Group's operating result (EBITA) of EUR 42.4m remained, as expected, below the previous year's result of EUR 51.3m due to the significant increase in competitive pressure. The business segment Air + Ocean generated a pleasing half-year result of EUR 36.9m despite the decline in margins resulting from the intense competition. It was thus above pre-COVID-19 level. The Solutions business segment achieved an EBITA of EUR 12.5m. The Logwin Group's net result for the first half of 2024 amounted to EUR 32.4m.

The Logwin Group generated a free cash flow of EUR 10.2m in the first six months of the current year. At this year's Annual General Meeting, a distribution to shareholders in the amount of EUR 40.3m was approved, resulting in net liquidity of EUR 253.7m as of 30 June 2024.

 

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 2023 (page 1 et seq.) in line with the European Securities and Markets Authority‘s (ESMA) Guidelines on Alternative Performance Measures (APM) dated 5 October 2015.

The Interim Financial Report as of 30 June 2024 of Logwin Group is available on the internet at: 

www.logwin-logistics.com

 

About Logwin AG

 

Logwin AG (Grevenmacher, Luxembourg) provides efficient logistics and transport solutions for its customers from industry and trade. In 2023, the group generated sales of about EUR 1,3bn and currently employs over 3,700 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

Axel Steiner

Chief Financial Officer

Phone: +352 719690-1112

axel.steiner@logwin-logistics.com

 


Additional features:

File: Logwin_AG_Press Release_Q2_2024


31.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Logwin AG
an de Längten 5
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
EQS News ID: 1958197

 
End of News EQS News Service

1958197  31.07.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1958197&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 1.149,61 1.130,32 1.123,30 1.851,84 2.259,03 1.257,52 1.460,00
EBITDA1,2 50,41 47,59 48,19 102,07 120,12 91,75 82,00
EBITDA-Margin3 4,39 4,21 4,29 5,51 5,32 7,30 5,62
EBIT1,4 49,18 47,59 47,75 91,99 108,46 91,75 80,00
EBIT-Margin5 4,28 4,21 4,25 4,97 4,80 7,30 5,48
Net Profit (Loss)1 39,19 35,38 34,73 63,51 73,95 80,16 70,00
Net-Margin6 3,41 3,13 3,09 3,43 3,27 6,37 4,80
Cashflow1,7 47,44 65,44 67,74 125,89 169,56 107,89 0,00
Earnings per share8 13,40 12,09 11,94 21,80 25,09 27,54 24,00
Dividend per share8 3,50 3,50 3,50 6,00 24,00 14,00 14,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: PricewaterhouseCoopers

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
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Logwin
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A2DR54 LU1618151879 AG 674,95 Mio € 20.03.2000 Kaufen 8FX8M9MR+RH
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
8,80 11,99 0,73 14,54 2,37 6,26 0,54
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
24,00 14,00 14,00 5,98%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
16.04.2024 30.04.2024 31.07.2024 30.10.2024 11.03.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-0,85%
234,00 €
ATH 5.705,00 €
-4,53% -6,67% -5,65% -7,14% -87,00%

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