Regulatory News:
Clasquin (Paris:ALCLA):
Consolidated (unaudited) | H1 2016 | H1 2015* | Change | |||
Number of shipments | 108,949 | 98,086 | +11.1% | |||
Sales (€m) ** | 107.1 | 112.7 | -5.0% | |||
Gross profit (€m) | 27.7 | 26.3 | +5.2% |
Adjusted for the impact of divested operations (Gueppe Clasquin).
**Note:
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.
The market in H1 2016:
- Growth in the global sea freight market in terms of volume (containers) was virtually flat in H1 2016.
As an illustration, the world’s top 30 ports posted growth of 0.2%.
Sea freight rates, although up slightly in the second quarter, remained extremely low. This explains the pressure on margins.
- The decline in the global air freight market observed in Q1 persisted in Q2 (down 2-3%).
Clasquin in H1 2016:
- Excluding the impact of the LCI acquisition (01/04/15), the number of shipments grew by 2.3% in H1 2016 (up 3.9% in Q2 2016 / up 0.3% in Q1 2016).
- Like-for-like gross profit (excluding LCI in Q1 2016) remained stable in H1 (down 1.0% in Q2 / up 1.4% in Q1 2016).
DETAILS ON ACTIVITY BY BUSINESS LINE
NUMBER OF SHIPMENTS | GROSS PROFIT (€m) | |||||||||||||||||||
H1 2016 | H1 2015 | H1 2016 / | Q2 2016 /
| Q1 2016 /
| H1 2016 | H1 2015 | H1 2016 / | Q2 2016 /
| Q1 2016 /
| |||||||||||
Sea freight | 48,907 | 47,653 | +2.6% | +5.8% | -0.5% | 13.5 | 13.1 | +2.3% | -2.2% | +7.2% | ||||||||||
Air freight | 35,262 | 33,886 | +4.1% | +6.1% | +1.7% | 8.6 | 9.6 | -10.7% | -11.3% | -10.0% | ||||||||||
Other* | 24,780 | 16,547 | +49.8% | -2.7% | +254.6% | 5.0 | 3.1 | +63.8% | +13.5% | +234.0% | ||||||||||
TOTAL OVERSEAS | 108,949 | 98,086 | +11.1% | +3.9% | +20.3% | 27.1 | 25.9 | +4.7% | -3.0% | +14.6% | ||||||||||
Log System | 1.2 | 1.2 | -1.3% | -7.6% | +4.9% | |||||||||||||||
Consolidation | -0.6 | -0.8 | NS | NS | NS | |||||||||||||||
TOTAL | 27.7 | 26.3 | +5.2% | -2.6% | +15.0% |
* The strong growth in ‘Other’ activity is linked to the acquisition of LCI: number of operations for 3 months (January-March 2016): 8,605; GP for 3 months: €1.7m.
VOLUMES | ||||||||||
H1 2016 | H1 2015 | H1 2016 / | Q2 2016 /
| Q1 2016/
| ||||||
Sea freight | 68,503 TEUs* | 56,816 TEUs* | +20.6% | +21.1% | +20.0% | |||||
Air freight | 23,352 T** | 22,287 T** | +4.8% | +7.2% | +2.0% |
*Twenty Equivalent Units
**T = Tons
H1 2016 HIGHLIGHTS
-
A number of development projects have been completed since the
beginning of the year:
- Opening of an office in Bangalore (01/01/16)
- Acquisition of a small New York-based “customs” operation (GP: €0.4m) (01/02/16)
- Acquisition on 4 May 2016 of a Paris-based company specialising in the transportation of artwork (GP: €0.7m)
Additional development projects are expected to be completed over the coming months.
- Reshuffling of Clasquin Germany with the arrival of a new management team.
-
Agreement entered into with software publisher Wisetech (the
global market leader) on 28 July 2016 to replace our operational
software with its Cargowise Transport Management System.
Roll-out expected to commence in spring 2017.
2016 OUTLOOK
Market:
Growth: flat.
Clasquin:
Business growth
expected to outperform market growth.
UP COMING EVENTS (publication issued after market closure)
- Wednesday 21 September 2016 : 2016 Half year results
- Thursday 27 October 2016 : Business report as at 30 september 2016
Clasquin is an air and sea freight forwarding and overseas
logistics specialist.
|
View source version on businesswire.com: http://www.businesswire.com/news/home/20160825005922/en/