EQS-Adhoc: Logwin adjusts revenue forecast for 2024

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 (market abuse regulation)

Logwin adjusts revenue forecast for 2024

Grevenmacher (Luxembourg) – After previously expecting revenue at the previous year's level (revenue 2023: EUR 1.26 billion), the Logwin Group now expects revenue to be between EUR 1.3 - 1.6 billion and thus exceed the previous year's level, mainly due to freight rates, which means that the expected revenue will meet or exceed market expectations.

The operating result (EBITA)* is still expected to be lower than in the previous financial year (EBITA 2023: EUR 91.7 million), which is also in line with market expectations.

The net result for the period is also expected to be below the previous year's level (net result 2023: EUR 80.2m), which is also in line with market expectations.

*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.

End of ad hoc announcement

Person making the notification: Axel Steiner, 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 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
Tel:  +352 719690-1112
axel.steiner@logwin-logistics.com