Clasquin : 2019 – Annual results presentation

March 18, 2020 at 01:53 pm EDT

CLASQUIN

ANNUAL RESULTS

March 18th 2020

THE CLIENTS, PROFIT & COMPANY

TABLE OF CONTENTS

GROUP PRESENTATION
2019 HIGHLIGHTS
2019 ECONOMIC ENVIRONMENT & MARKET
2019 CONSOLIDATED ACCOUNTS
2020 STRATEGY AND OUTLOOK
SHAREHOLDERS INFORMATION
APPENDICES

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1. GROUP PRESENTATION

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Key	4
Figures

2019

CLASQUIN is a pure player in freight forwarding and in Overseas Logistics

CLASQUIN overseas and organizes the cargo flows (import and export) and the overseas logistics for its clients

Mainly between Europe and the rest of the world
Particularly to and from Asia-Pacific and North America
But Aso to and from the Maghreb, the Middle East and Subsaharan Africa

Sole multinational and intermediate-sized company in its sector (as of 31.12.2019)

21 countries - 65 worldwide offices (22 in Asia-Pacific)
980 employees including more than 50% outside of France, of which more than one-third are in Asia

Evolution 2019 vs 2018	2019	2019		%
(IFRS 16	(IFRS 16	2018
Variation
	included)	excluded)

Number of shipments	273,875	273,875	264,179	+3.7%
Sales (€m)	331.3	331.3	308.3	+7.4%
Gross Profit (€m)	76.7	76.7	68.9	+11.4%
Current operating income (€m)	8.6	8.5	6.5	+30.5%
Cash flow (€m)	13.3	10.4	8.3	+25.8%

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OUR				5
RANGE OF SERVICE

We build tailor-made solutions
			INTERNATIONAL FREIGHT
	A	IR,	SEA, RAIL, RO/RO, ROAD
			BROKERAGE

Architect and engineer of the entire overseas logistics chain

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HIGH ADDED-VALUE BUSINESS MODEL

3PL

Logistic Operators

Basic operators

Road and Sea & Air operators

« PURE PLAYER »

CLASQUIN selects and oversees a network of subcontractors chosen among the best providers available

3PL examples :

XPO, Géodis, ID Logistics, FM Logistic

Basic operators examples :

Air France cargo, Lufthansa, CMA

CGM, MSC, Maersk, XPO,

Geodis

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A DISTINCTIVE	7
MARKET POSITION

The client proximity of a medium-sized company, the expertise of a large group

The only multinational mid-size in the sector

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OUR OFFER:	8
KEY SOLUTIONS BY BUSINESS

Architect and engineer of the entire

overseas logistics chain

z	z	z

AIR	SEA	RAIL	RO/RO	CUSTOMS	OVERSEAS	SUPPLY
FREIGHT	FREIGHT	FREIGHT	AND
LOGISTICS	CHAIN
				COMPLIANCE
					CONSULTING

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OUR EXPERTISE…

CUSTOMIZED SOLUTIONS BY VERTICAL MARKET

"GENERAL CARGO" Tailor made services

A unique contact point for clients

Design and implementation of door-to-door international transportation flows

Optimisation of costs and transit times

Real-time traceability - digital offer

Sectoral expertises: Wine & Spirits, Food & Perishables, Retail, Industry,…
Solutions for "Niches market" expertises : Arts, Fairs and Exhibitions, Shows,
Personal Effects,…

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GROWTH IN GROSS PROFIT							10
AND SALES
350											331.3	90

										308.3		80
300									290.6

											76.7	70
250							234.2	235.0		68.9		60
									62.9
								57.5
200							55.6
					179.1					50

150												40

						42.4
					92.3							30
100
				60.9								20
				21.7
50
		30.9	15.7								10

		15.0
	1.5	8.0
	4.3
0	0.3										0

	1983	1990	1995	2000	2005	2010	2015	2016	2017	2018	2019

Sales

Gross Profit

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1983 - 2019 :	11
CLASQUIN Offices

62 62 62

1983

1990

2000

2010

2015

2016

2017

2018

2019

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1983 - 2019	12
HEADCOUNTS

1000							980

800					762	790	Included
			716

			674			CARGOLUTION

						acquisition: +91

600		528

400
	230
200
15
0
1983	2000	2010	2015	2016	2017	2018	2019

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A STRONG PLATEFORM	13
FOR GROWTH

	TEAM EXPERTISE	« BEST IN CLASS »	INTEGRATED	PRESTIGIOUS
STABLE	AND	STRONG
AND	IS & IT SYSTEM	GLOBAL
MANAGEMENT	DIVERSIFIED	FINANCIAL
COMMITMENT		NETW ORK
		CLIENTS	STRUCTURE

PORTFOLIO

A sound basis for growth with a unique competitive position

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2019	14
OUR GLOBAL NETWORK

Wherever we are, we are there for you

3 geographical pillars :

offices

in Europe & Africa

offices

in Asia - Pacific

offices

in Americas

CLASQUIN is a founding member of WFA offices located in 172 countries

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2. HIGHLIGHTS

2019

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OFFICE OPENINGS, ACQUISITIONS	16
& DEVELOPMENTS

▪ Development of new niche markets and strategic segments:

▪ Creation of Food division in Rungis handling controlled temperature overseas transport of food products.

▪ Continued expansion of our network on core regions (Western Europe, Asia, North America):

▪ Acquisition of an 80% equity stake in Canadian freight forwarder Cargolution Inc. on 1 October 2019

▪ Sales: CAD 50m

▪ Team: 91

▪ Opening of an office in Nice (France) ▪ Opening of an office in Tianjin (China)

▪ Acceleration of our development in the United States

▪ Robust growth in North Africa, the Middle East and Sub-Saharan Africa

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INFORMATION SYSTEMS

Successful deployment of new generation Finance IT system (GIFT project/ Group integrated Financial Tool):
- Functional scope : Accounting, reporting, budget, cash flow management, statutory consolidation
- Timing :
- - Accounting, reporting, budget, treasury : deployment all over the group between January and
    November 2019 with the exception of the following subsidiaries : Chile, Portugal, Canada, Spain, LOG System, LCI-CLASQUIN
  - Statutory consolidation : End of 2020
- Platforms used
- - Accounting, reporting, budget: Workday (USA)
  - Cash management : Kyriba (USA)
  - Statutory consolidation: selection process in progress
- Total investment at the end of December 2019 since the start of the project : 1.9 €M (1.3 €M in

2019)

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SHAREHOLDING OF	18
MANAGERS

Successful implementation of the CLASQUIN SA share joint investment plan for Managers:
- Free Share allocation program linked to an initial investment in CLASQUIN SA shares by managers
- 5-yearplan (2019-2023) including performance criteria (increase in gross profit, EBIT/GP ratio, share price), a continued employment condition and adherence to a shareholders' agreement
- Purpose: Develop long-term share ownership for managers in order to:
- - Rally Group directors and managers around the corporate mission behind Hugues Morin, Group CEO.
  - Expand the core group of shareholder-managers to strengthen their loyalty to the Group.
  - Encourage directors and managers to focus on the Group's performance objectives.
Key figures:
- 33 managers have invested, including 10 overseas managers
- Managers' initial investment: €1.6m (€43.8K in share purchases or contributions)
- Maximum number of free shares vested after 5 years: €39,4 K (1.7% of share capital)

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GROUP FINANCING

Closing of a €60.8 million initial syndicated loan with a pool of eight banks.
This funding strengthens the Group's financial structure and is divided into three parts:
- A €17.8 million loan to refinance part of the Group's existing bank loans, repayable over a 7-year term;
- A €13 million investment credit facility to finance future acquisitions, repayable over a 7-year term;
- A €30 million 5-yearrevolving credit facility to fund Group working capital & current investments, subject to optional extension for two further one-year terms.

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3. ECONOMIC ENVIRONMENT, MARKET

2019

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2019 ENVIRONMENT & MARKET

Slower growth in international trade, mainly because of the "Sino-American" trade war
Expected global volume growth 2019 :

Sea freight	Air freight
1 to 2%	-3.3%
(number of containers)	(tonnage)

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EVOLUTION OF SEA FREIGHT RATES	22
ON ASIA-EUROPE TRADE

FREIGHT RATE IN USD$/SHIPMENTS 20'

110

100

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019

December

2020

On a pricing

basis set at

100 in January

2008

janv-08mai-08sept-08janv-09mai-09sept-09janv-10mai-10sept-10janv-11mai-11sept-11janv-12mai-12sept-12janv-13mai-13sept-13janv-14mai-14sept-14janv-15mai-15sept-15janv-16mai-16sept-16janv-17mai-17sept-17janv-18mai-18sept-18janv-19mai-19sept-19

HONG KONG -> EUROPE AVERAGE FREIGHT RATE

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EVOLUTION OF AIR FREIGHT RATES	23
ON ASIA-EUROPE TRADE

	2012	2013	2014	2015	2016	2017	2018	2019
120
110
100
90								December
80								2019

70
60
50
40
30	On a pricing
20	basis set at
100 in
10
January

0	2012

Hong Kong - Shanghai -> Europe average freight rate

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4. CONSOLIDATED ACCOUNTS

2019

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EXPERTISE :

SEA FREIGHT

2019

Number of containers (TEUs*)

2019 vs 2018

Market

1% to 2%

+9.1% +13.7%

Current scope

Constant scope

				**
				217,530
				**
200 000			199,473
		**

	178,488
150 000	144,147
100 000
50 000
	2016	2017	2018	2019

Twenty-footequivalent units
Includes grouping containers

Number of shipments

2019 vs 2018

-2.8%+0.2%

Current scope and	LFL
exchange rates

120 000		119,246	115,858
111,946

110 000
100,765
100 000
90 000
80 000
70 000
60 000
50 000
2016	2017	2018	2019

Gross profit

2019 vs 2018

+9.8%		+13.2%
Current scope and
	LFL
exchange rates

35				33.5

33
31		30.2	30.5

29	27.7

27
25
23
21
19
17
	2016	2017	2018	2019

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EXPERTISE :

AIR FREIGHT

2019

Tonnage

2019 vs 2018

Market :

-3.3%

- 9.5% - 10.7%

Current scope

Constant scope

70 000		69,466

	63,446		62,865

60 000
53,402
50 000
40 000
30 000
20 000
2016	2017	2018	2019
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Number of shipments

2019 vs 2018

+5.1%		+3.0%
Current scope and
	LFL
exchange rates

90 000
				85,607
85 000			81,437
		80,153
80 000
75 000	72,820
70 000
65 000
60 000
55 000
50 000
	2016	2017	2018	2019

Gross Profit

2019 vs 2018

-8.2%		+6.7%
Current scope and
	LFL
exchange rates

				25.4
25			23.5
		20.7
20	18.4

15
10
5
	2016	2017	2018	2019

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RO / RO (Roll On / Roll Off* - Business of LCI-CLASQUIN)

2019

Number of operations

Gross Profit

		2019 vs 2018
		+14.2%
50 000				46,374

45 000			40,596
40 000		38,299
35 000	33,913

30 000
25 000
20 000
15 000
10 000
5 000
0
	2016	2017	2018	2019

		2019 vs 2018
		+19.3%
9,0				8.5
8,5

8,0				Doubling of activities in
7,5				Morocco since December 2018.
		7.2	Opening of Lille and Nantes
7,0	6.7			offices.
6.6		Strengthening the Paris and


6,5				Marseille offices.
6,0
5,5
5,0
4,5
4,0
	2016	2017	2018	2019

18/03/2020	* : Transportation by road and by boat on dedicated vessels
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OTHERS

2019

Fairs & Events / Overseas Logistics /

Road Brokerage / Others

LOG System*

Number of operations

2019 vs 2018
	+13.7%
			26,036
23 000		22,900

18 000	16,259

14,492
13 000
8 000
3 000
2016	2017	2018	2019

Gross Profit

	2019 vs 2018
		+20.3%
				7.1
7
6			5.9

5
		4.2
4	3.6

3
2
	2016	2017	2018	2019

Gross Profit

2019 vs 2018
	+13.7%
			3.2
3,0
		2.8
	2.6
2.5
2,5
2,0
2016	2017	2018	2019

* Software publisher and related services

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Preamble:	29
IMPACTS OF IFRS 16

Principle:
- Restatement of all rental contracts whose residual term on 01/01/19 is more than 12 months and whose value of the underlying asset is more than 5 K €
Affected contracts in the group
- Real estate rental contracts
- Vehicle rental contracts
Restatements made
- Recognition of a right of use (€ 7.8 million)
- Recognition on the liabilities side of a debt corresponding to the present value of future payments (€ 7.9 million) (+ impact on equity corresponding to 2018 prepaid expenses on rental canceled under IFRS 16: - € 0.1 million)
- Cancellation in the income statement of the corresponding rents (€ 2.9 million) and recognition of depreciation charges (€ 2.7 million) and financial charges (€ 0.15 million)

=> No impact on turnover & gross profit. No significant impact on consolidated net profit and net profit group share

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GROWTH	30
IN THE NUMBER OF SHIPMENTS

300 000
			273,875
		264,179
250 000	246,657

			2019 vs 2018 :
221,990
200 000			+ 3.7 %	+ 4.1%
		Current scope
			and exchange	LFL
			rates
150 000
100 000
2016	2017	2018	2019
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SALES

EVOLUTION (€M)*

2019

Sales is not a relevant indicator for assessing activity in our business, because it is greatly impacted by changing sea and air freight rates, fuel surcharges, exchange rates (especially versus the $), etc. Variations in the number of shipments, the volumes shipped and-in terms of the Group's finances-gross profit are relevant indicators..

350				331.3

			308.3
300		290.6		2019 vs 2018 :

250	235.0			+7.4%	+7.4%
			Current scope
				and exchange	LFL
				rates
200
150
100
	2016	2017	2018	2019

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GROSS	32
PROFIT EVOLUTION (€M)

2019
80				76.7

70			68.9	2019 vs 2018 :


		62.9
60	57.5			+11.4%	+10.7%
		Current scope
				and exchange	LFL
				rates
50
40
30
	2016	2017	2018	2019
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GROSS PROFIT

EVOLUTION PER ZONE (€M)*

2019

America

8.9

7.6

2019 vs 2018

(at current scope):

+16.7%

2019 vs 2018

(at constant perimeter) :

+37.1%%

* : at constant exchange rate

France

38.6

34.8

2019 vs 2018 :

+11%

Europe

(without France)

7.7

6.8

2019 vs 2018 :

+12.7%

ASPAC

17.718.3

2019 vs 2018 :

+3.1%

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OPERATIONAL

EXPENSES EVOLUTION (€M)

2019

70
+4,9%	65.9
	63.1
59.6
60
50
40
30
20

Operating expenses 2018	Operating expenses 2019 except	Operating expenses 2019 with
	IFRS 16	IFRS 16

2019 IFRS 16 excluded versus 2018

+10.6%

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EBITDA (€M)

2019
15
				13.9
13
11			11.0

		9.3
9
7.1	7.4

7
5
3
2016	2017	2018	2019 IFRS 16 excluded	2019 published
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2019 IFRS 16 excluded versus 2018

+19.0%

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CURRENT	36
OPERATING INCOME (€M)

2019
9			8.5	8.6


8				2019 IFRS 16 excluded versus 2018

				+30.5%
7		6.5

6	5.9

5.2
5
4
3
2
2016	2017	2018	2019 IFRS 16 excluded	2019 Published
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CONSOLIDATED	37
NET PROFIT (€M)

2019
5
			4.5
4			2019 vs 2018
		3.4	+ 32.4%

3	2.9		IFRS 16 impact is not significant

2.6
2
1
0
2016	2017	2018	2019
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NET PROFIT GROUP SHARE (€M)	38

2019
4			3.9

			2019 vs 2018
			+ 39.0%
3		2.8
	2.5		IFRS 16 impact is not significant
2.2
2
1
0
2016	2017	2018	2019
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OPERATIONAL CASH FLOW (€M)

2019
14				13.3

12
			10.4
10
		8.3
8	7.5
7.1
6
4
2
2016	2017	2018	2019 IFRS 16 excluded	2019 published
18/03/2020

2019 IFRS 16 excluded vs 2018 :

+25.8%

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WCR AND CASH FLOW KPI

	2019	2019	2018	2017
	Published	IFRS 16 excluded

Total billing in €M	563	563	540	553

WCR intensity at period end (in €M)	7.7	7.7	13.2	11.5

WCR intensity	1.4%	1.4%	2.4%	2.1%


		2019	2018	2017

DSO		49	50	45

DPO		26	27	29

Delta (DSO-DPO)		23	23	16

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CASH FLOW AND EVOLUTION IN WCR

	2019	2019
In €M	IFRS 16	2018	2017
	published
		excluded
							* Whose :

CAF
+13.28	+10.39	+8.26	+7.46			Software: -1.8 €M, of which
								- Workday/Kiriba -1.3 €M

Taxes paid	-2.68	-2.68	-2.23	-2.34		-	Cargowise - 0.3€M
							-	Materials and fixtures: -7.1€M
Change in WCR (restated for currency	+5.52	+5.64	-1.60	-2.72

effects)
							**Whose :


Net cash flows from operating activities	+16.12	+13.35	+4.43	+2.40			Dividends for Clasquin SA and minority
		shareholders from integrated

								companies: -1.7 €M

	2019	2019					Borrowings (net): + 18.0 €M included
In €M	IFRS 16	2018	2017			RCF: +15.0 €M
	published
		excluded


Net cash flow from operating activities		+16.12	+13.35	+4.43	+2.40

Cash flow from investment activities	-9.46	-9.48*	-5.28	-3.74

Cash flow from financing activities		+13.37	+16.16**	-1.71	-3.92

Change in exchange rates	+0.21	+0.21	+0.08	-1.08

Change in net cash		+20.24	+20.24	-2.48	-6.35

Net Cash at closing		+25.50	+25.50	+5.25	+7.73

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FINANCIAL STRUCTURE (€M)

31/12/2018

31/12/ 2019 IFRS 16 excluded

31/12/2019 PUBLISHED

	Equity	Non-current
Non-current assets	24.47
	assets
30.31 (1)
	30.17 (1)

Provisions 0.85


Tax assets 0.74 (2)				Tax assets 0.61 (2)
		Financial debts
			WCR 7.66
WCR 13,22
	24.08


Net cash				Net cash
5.25				25.49
	Fin. Inst. 0.12

Of which DTA (Differed tax assets)
Tax receivables - DTP (Differed tax payable) - taxes payable
Put debts: 4.98€M on minority interests linked to acquisitions

Equity 26.97

Provisions 1.07

Financial debts

44.05 (3)

Fin. Inst. 0.12

Non-current

assets

46.12 (1)

whose

Usage rights relating to rental

contracts 7.77

Tax assets 0.71 (2)

WCR 7.66

Net cash

25.49

Equity 26.84

Provisions 1.07

Financial debts

44.05 (3)

Rental debts

7.95

Fin. Inst. 0.12

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GEARING EVOLUTION & LEVERAGE (€M)

Net debt (M€)	EBITDA (M€)	Equity (M€)

26.97

26.51

26.84

24.47

22.88

18.94

18.56

15.81

13.88

11.02

9.26

7.37

*Including 4.98€M of put debts

on minority interests linked to acquisitions

Proforma leverage : 1,6 (Cargolution 12 months)

			31.12.2019	31.12.2019
	30.12.2017	31.12.2018	IFRS 16
	With IFRS 16
			excluded


Leverage	2.1	2.0	1.7**	1.9
Net debt / EBITDA


Gearing	69.1%	77.4%	68.8%	98.8%
Net debt / Equity
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5. 2020 STRATEGY & OUTLOOK

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GROWTH STRATEGY

Continue our historical growth strategy
- Expand our network on our 3 pillars: WEST EUROPE / ASIA / NORTH AMERICA
- Gain market shares everywhere we are present
- Extension of our offering to value-added services and towards supply chain management
Network extension: Middle East, Maghreb, Sub saharan Africa
Vertical market approach/ Strategic segments and niche markets
- Fine Arts, Fairs & Events, Food & Beverage
Development of our Overseas Logistics offer over all our network
Acquisitions

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2020 OUTLOOK

Market
- The health crisis related to the COVID-19 pandemic will very likely lead to a recession this year, which will have a significant impact on global trade.
  At present it is impossible to estimate the duration and impact of the COVID-19 crisis.
CLASQUIN
- Naturally, Clasquin is gearing its 2020 targets to this recession environment.

The Group has taken the required steps to ensure staff safety and business continuity.

Obviously, the Group is implementing all possible measures to lower its breakeven point while maintaining production facility operation in order to continue to support customers once the crisis is over.

The effects of the present health crisis will not jeopardise the Group's fundamentals and growth strategy, which remain solid over the medium and long term.

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7. SHAREHOLDERS INFORMATION

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CLASQUIN GROUP SHARE

OWNERSHIP

CLASQUIN share ownership

31.12.2019

Yves Revol +

Olymp 45.7%

Public 41.0%

Others 1.0%	Employees

	12.3%

CLASQUIN freefloat distribution

May 2019

Institutional

Private

23.5%

76.5%

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CLASQUIN SHARE EVOLUTION

44
42
40	+16.7 %

38
36
34	31/12/2019
32	35.0 €

30
28	31/12/2018
30.0 €

02/01/2019 02/02/2019 02/03/2019 02/04/2019 02/05/2019 02/06/2019 02/07/2019 02/08/2019 02/09/2019 02/10/2019 02/11/2019 02/12/2019 02/01/20

Additional information :
 Capitalisation (31.12.18)	: 69.2 M€
 Capitalisation (31.12.19)	: 80.7 M€
 Free float (31.12.2019)	: 41.3%
 Average trade for 2019	: 685 shares/day

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NEXT EVENTS

▪	Thursday April 30, 2020	Q1 2020 Activity
▪	Thursday August 27, 2020	Q2 2020 Activity
▪ Wednesday, September 23, 2020	Half-year results 2020
▪ Thursday October 29, 2020	Q3 2020 Activity

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THIS IS CLASQUIN

THE CLIENTS, PROFIT & COMPANY

7. CONSOLIDATED FINANCIAL STATEMENTS

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EVOLUTION OF SEAFREIGHT UNIT MARGINS (GP/file)			53

From 2014 to December 2019

300		2014					2015				2016				2017				2018		2019

290						285		285	288			285											295
										278									289
						287
280						281									272
																				274
270				266						275			269	269		262		276
											263	(5 years)

260					267			263		265					261	259		256

250

240		245	248
234																		241

230
220		227

210
200
	T1	T2	T3	T4	T1	T2	T3	T4	T1	T2	T3	T4	T1	T2		T3	T4	T1	T2	T3	T4	T1	T2

Average annual unit margin			Seafreight unit margin			Average unit margin over 5 years

18/03/2020

21 COUNTRIES  65 OFFICES

EVOLUTION OF AIRFREIGHT UNIT MARGINS (GP/file)	54
From 2014 to December 2019

310	2014				2015			2016				2017			2018			2019

300					295										300		297

290																	288
280																	285			281	280

																	273			273

270		269		273		271	262				267			269							(5 years)

260	258								253			261	259

250						254			255			256

254
	244							246				248
240							242


240
230
T1	T2	T3	T4	T1	T2	T3	T4	T1	T2	T3	T4	T1	T2	T3	T4	T1	T2	T3	T4	T1	T2

Average annual unit margin		Average unit margin over 5 years
	Airfreight unit margin

18/03/2020

21 COUNTRIES  65 OFFICES

GROSS PROFIT DISTRIBUTION PER ZONE IN %

2018

Europe (except France)

9.4%

France

40.0%Asia pacific

25.4%

LOG System		Americas
LCI	10.9%
4.1%

CLASQUIN

	10.2%

France 39.1%

LOG System

4.1%

2019

Europe (except

France)

9.5%

LCI

CLASQUIN

11.0%

Asia Pacific

24.4%

Americas

11.9%

18/03/2020

21 COUNTRIES  65 OFFICES

INCOME STATEMENT BALANCE (€K)						56



Income statement balance		2019						2019			Variation
			% GP			IFRS 16		% GP	2018	% GP
	Published				19/18
				excluded


Sales	331,277		331,277				308,341		+7.4%

Gross profit	76,732		100%	76,732			100%	68,886	100%	+11.4%

External charges	-14,326	-18.7%	-17,189			-22.4%	-16,258	-23.6%	+5.7%
Labor costs	-48,750	-63.5%	-48,750			-63.5%	-43,369	-63.0%	+12.4%

EBITDA	13,882		18.1%	11,020			14.4%	9,259	13.4%	+19.0%

Net provisions and amortizations	-5,577			-2,836				-2,836
Other current operating income / expenses	301			301				79

Current operating income	8,606		11.2%	8,485			11.1%	6,502	9.4%	+30.5%

Non current operating income	-354			-352				-722

Operating income	8,252		10.8%	8,132			10.6%	5,780	8.4%	+40.7%

Financial income	-649			-505				-328
Income from equity affiliates	32			32				54

Profit before tax	7,634		9.9%	7,660			10,0%	5,506	8.0%	+39.1%

Income taxes	-3,164			-3,171				-2,115

Group consolidated net profit	4,470		5.8%	4,488			5,8%	3,391	4.9%	+32.4%

Minority interest	593			593				588

Net profit Group share	3,877		5.1%	3,895			5,1%	2,803	4.1%	+39.0%

18/03/2020

21 COUNTRIES  65 OFFICES

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Clasquin SA published this content on 18 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2020 17:52:07 UTC

Real-time Euronext Paris Other stock markets 11:25:55 2024-04-17 am EDT			5-day change	1st Jan Change
137 ^EUR	+0.37%		+0.74%	+10.93%

Mar. 28	SAS Shipping Agencies Services SÀRL signed a sale agreement to acquire 42.06% stake in Clasquin SA for ?140 million.	CI
Mar. 20	Clasquin SA Provides Operating Guidance for the Year 2024	CI

SAS Shipping Agencies Services SÀRL signed a sale agreement to acquire 42.06% stake in Clasquin SA for ?140 million.	Mar. 27	CI
Clasquin SA Provides Operating Guidance for the Year 2024	Mar. 20	CI
Clasquin SA Proposes to Omit Dividend Payment	Mar. 20	CI
Clasquin SA Seeks Acquisitions	Mar. 20	CI
Global markets live: BAE Systems, HSBC, Nvidia, Tesla, Boeing...	Feb. 21
Oddo BHF Boosts Clasquin's PT, Keeps Outperform Rating	Dec. 05	MT
CLASQUIN : Oddo BHF raises its target significantly	Dec. 05	CF
Clasquin: proposed takeover, share price soars	Dec. 05	CF
Clasquin Shareholders in Talks for Exit via Possible Sale Deal with MSC Mediterranean Shipping Unit	Dec. 05	MT
SAS Shipping Agencies Services SÀRL made a non-binding offer to acquire 42% stake in Clasquin SA for an enterprise value of approximately ?330 million.	Dec. 03	CI
Clasquin SA Reports Earnings Results for the Full Year Ended December 31, 2022	23-04-19	CI
Clasquin SA completed the acquisition of 63.57% stake in Timar SA from PUECH family group for approximately MAD 140 million.	23-03-27	CI
Clasquin SA Reports Operating Results for the Year 2022	23-03-22	CI
Clasquin SA Proposes Dividend for 2022	23-03-22	CI
Clasquin SA agreed to acquire 63.57% stake in Timar SA from PUECH family group for MAD 85.8 million..	23-01-16	CI
Clasquin SA's Equity Buyback announced on June 29, 2021, has expired.	22-12-07	CI
Clasquin SA Reports Earnings Results for the Half Year Ended June 30, 2022	22-10-11	CI
Clasquin SA acquired 90 percent stake in Exaciel A.M.C Logistique Sa.	22-07-27	CI
Clasquin SA acquired 51% stake in CVL International for â‚¬0.38 million.	22-07-27	CI
Clasquin Sa Reports Operating Results for the First Quarter of 2022	22-04-28	CI
Clasquin SA Reports Earnings Results for the Full Year Ended December 31, 2021	22-04-20	CI
Clasquin SA Proposes Dividend	22-03-22	CI
Clasquin SA Reports Operating Results for the Year 2021	22-03-22	CI
Clasquin SA's Equity Buyback announced on May 5, 2021, has expired.	21-12-08	CI
Global markets live: BNP Paribas, Ubisoft, Amazon, Chevron, Coca-Cola...	21-10-29

	1st Jan change	Capi.
CLASQUIN	+10.93%	335M
HAPAG-LLOYD AG	+8.44%	27.23B
COSCO SHIPPING HOLDINGS CO., LTD.	+10.70%	22.69B
AP MOLLER MAERSK	-21.20%	21.22B
NIPPON YUSEN KABUSHIKI KAISHA	-6.38%	12B
MITSUI O.S.K. LINES LTD	+0.46%	10.55B
CHINA MERCHANTS ENERGY SHIPPING CO., LTD.	+48.30%	9.81B
KAWASAKI KISEN KAISHA, LTD.	+1.60%	9.36B
ORIENT OVERSEAS (INTERNATIONAL) LIMITED	-9.54%	7.92B
ADNOC LOGISTICS & SERVICES PLC	+0.52%	7.86B

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Marine Freight & Logistics

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