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Logwin AG, LU1618151879

Logwin AG, LU1618151879

31.07.2020 - 11:45:36

Logwin AG: Logwin with a respectable development in the first half of 2020 in view of the Covid 19 pandemic

In comparison with the information provided in the Annual Financial Report 2019, the Logwin Group has adjusted its forecast for the earnings development in 2020. In view of the risks arising from the Covid 19 pandemic, that now have to be taken into account, the Logwin Group now expects its operating result (EBITA) to be significantly lower than in the previous year and as a result from this a significantly decreasing net income.

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 2019 in line with the European Securities and Markets Authority's (ESMA) Guidelines on Alternative Performance Measures (APM) dated 5 October 2015.

The Quarterly Statement as of 30 June 2020 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 2019, the group generated sales of EUR 1.1bn and currently employs about 4,300 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 Chief Financial Officer Phone: +352 719690-1112 sebastian.esser@logwin-logistics.com

Sebastian Esser

 

Additional features:File: Logwin_Press Release_Q2_2020

31.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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 EQS News ID: 1107565   End of News DGAP News Service

1107565  31.07.2020 

@ dgap.de