DGAP-News

Logwin AG: Quarterly statement - Logwin with pleasing earnings development in the third quarter - Seite 3

For the business segment Solutions, which is more strongly affected by the uncertainties of the current development of the Covid 19 pandemic, the Company continues to expect a significant decline in operating profit (EBITA) for the full year 2020. However, due to the overall robust development of the business segment Air + Ocean in the course of the year to date, operating earnings (EBITA) for this business segment are now expected to be at the level of the previous year instead of the previous significant decline. Compared to the forecast as adjusted on April 22, 2020 Logwin Group expects an according overall improvement in operating earnings (EBITA) and net income for the full year 2020 falling short of the previous year's figure. The forecast uncertainty continues to remain very high.

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 September 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
Sebastian Esser
Chief Financial Officer
Phone: [phone]
[e-mail]

---

30.10.2020 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.