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Logwin AG: Quarterly statement - Logwin with a good start into the year 2017

DGAP-News: Logwin AG / Key word(s): Quarterly / Interim Statement/Quarter Results Logwin AG: Quarterly statement - Logwin with a good start into the year 2017 (news with additional features) 27.04.2017 / 06:18 The issuer is solely responsible for the content of this announcement. Quarterly statement - Logwin with a good start into the year 2017

Overall economic conditions

Grevenmacher (Luxembourg) - The economic conditions for the Logwin Group have not changed compared to the year-end 2016. The global economy was still in robust shape as the economic situation in many important emerging markets improved and sentiment of advanced economies has brightened. The German economy still remains in a moderate upswing.

Net assets, financial situation and earnings position
Revenues In the first quarter of 2017, Logwin Group achieved revenues of EUR 266.4m, up 8.3% on the prior-year figure of EUR 245.9m. The quarterly revenues of the business segment Air + Ocean amounted to EUR 170.5m which was EUR 19.5m above the previous year's figure. The increased freight rates on the main routes and raising volumes led to higher revenues of the business segment. The business segment Solutions generated revenues of EUR 96.6m in the first quarter of 2017 and thus above the revenues level of the comparative period of EUR 95.6m.

EBITA The Logwin Group exceeded the prior-year figure by EUR 0.8m with an operating result of EUR 9.8m in the first three months of 2017. The EBITA of the business segment Air + Ocean was moderately below previous year's level. The business segment Solutions exceeded the prior-year result mainly due to an increase in gross profit based on selling, general and administrative costs.

Net result In the first quarter the Logwin Group's net result rose from EUR 6.5m to EUR 7.0m and exceeded the prior year's figure by EUR 0.5m.

Net cash flow In the first three months of 2017, the net cashflow of Logwin Group has been below the prior year's level due to closing day effects in working capital as well as increased investments in the business segment Solutions.