Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Logwin AG
  6. News
  7. Summary
    TGHN   LU1618151879

LOGWIN AG

(TGHN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Logwin : increases sales and earnings again and adjusts forecast

10/21/2021 | 01:24pm EST
21.10.2021 Logwin increases sales and earnings again and adjusts forecast Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 (market abuse regulation)

Grevenmacher (Luxembourg) - The Logwin Group announces its preliminary nine-month 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 53.2 % to 1,260.9 million euros in the first nine months of 2021 (2020: 822.9 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 67.5 million euros in the first nine months of the current fiscal year (2020: 35.9 million euros), thus exceeding the previous year's result very significantly by 31.6 million euros. The Logwin Group's net profit for the period amounted to 52.4 million euros in the first nine months of 2021 (2020: 25.1 million euros).

Due to the even better overall sales and earnings development - compared to the forecast report in the Interim Financial Report as of 30 June 2021 - during the third quarter of 2021, the Logwin Group now expects strong sales growth to around 1.7 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 80 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). This adjusted forecast includes an adjustment to the operating earnings forecast (EBITA) for the business segment Solutions. Due to unexpected sales declines in parts of the logistics activities, sales and operating earnings (EBITA) for the fiscal year 2021 are expected to be below the prior-year figure taking into account possible one-off effects. 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 quarterly statement for the first nine months 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



Disclaimer

Logwin AG published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 17:23:10 UTC.


ę Publicnow 2021
All news about LOGWIN AG
11/15LOGWIN AG : Release of a capital market information
EQ
10/29Quarterly Statement - Logwin increases sales and earnings again and adjusts forecast
PU
10/29LOGWIN AG : Logwin increases sales and earnings again and adjusts forecast
EQ
10/21LOGWIN : increases sales and earnings again and adjusts forecast
PU
10/21Logwin AG Provides Earnings Guidance for the Year 2021
CI
10/11LOGWIN AG : Announcement pursuant to Article 5 (1b) and (3) of Regulation (EU) No. 596/201..
EQ
09/27LOGWIN AG : Announcement pursuant to Article 5 (1b) and (3) of Regulation (EU) No. 596/201..
EQ
09/13LOGWIN AG : Announcement pursuant to Article 5 (1b) and (3) of Regulation (EU) No. 596/201..
EQ
09/06LOGWIN AG : Announcement pursuant to Article 5 (1b) and (3) of Regulation (EU) No. 596/201..
EQ
08/30LOGWIN AG : Announcement pursuant to Article 5 (1b) and (3) of Regulation (EU) No. 596/201..
EQ
More news
Financials
Sales 2021 1 441 M 1 635 M 1 635 M
Net income 2021 49,0 M 55,6 M 55,6 M
Net cash 2021 204 M 232 M 232 M
P/E ratio 2021 14,9x
Yield 2021 1,38%
Capitalization 732 M 825 M 831 M
EV / Sales 2021 0,37x
EV / Sales 2022 0,38x
Nbr of Employees -
Free-Float 15,5%
Chart LOGWIN AG
Duration : Period :
Logwin AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LOGWIN AG
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 254,00 €
Average target price 198,00 €
Spread / Average Target -22,0%
EPS Revisions
Managers and Directors
Antonius Wagner Chairman & Chief Executive Officer
Sebastian Esser Deputy Chairman & Chief Financial Officer
Axel Steiner Head-Human Resources & Legal Affairs
Philippe Prussen Non-Executive Director
Andreas Kurtze Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
LOGWIN AG70.47%825
UNITED PARCEL SERVICE INC21.52%177 861
DEUTSCHE POST AG32.30%73 950
FEDEX CORPORATION-8.27%63 907
EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.33.28%21 474
SG HOLDINGS CO.,LTD.-10.74%14 485