EQS-News

R-LOGITECH reports 2023 Q1 results: Increase in revenue to EUR 270 million

EQS-News: R-LOGITECH S.A.M. / Key word(s): Quarter Results R-LOGITECH reports 2023 Q1 results: Increase in revenue to EUR 270 million 08.06.2023 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. R-LOGITECH reports 2023 Q1 results: Increase in revenue to EUR 270 million Monaco, 8th June 2023 – R-LOGITECH S.A.M., one of the leading international ports infrastructure operators and related logistics services provider to the natural resources sector, today issues its first quarter 2023 earnings update for the period 1st January 2023 to 31st March 2023.

Financial Highlights:

R-LOGITECH is pleased to report that the group showed strong resilience and further growth during the first quarter 2023:

• Consolidated revenues increased to EUR 270 million (Q1 2022: EUR 267 million).
• Adjusted consolidated EBITDA rose by 6% to EUR 37 million (Q1 2022: EUR 35 million).
• Consolidated cash and cash equivalents amounted to EUR 106 million (Q1 2022: EUR 93 million).

Operational Highlights:

As a leading port infrastructure operator and complementary logistics services provider, with a global presence in 45 countries, R-LOGITECH offers vertically integrated solutions to its customers around the globe. The business has delivered strong Q1 2023 results, increasing turnover and EBITDA versus 2022 Q1 results.

European terminals and logistic services Q1 2023 results were supported by a combination of increasing volumes, new bolt-on acquisitions, improving operational efficiency across the group’s terminals and the delivery of more valued added services to the group’s customer base. Belgium, Germany, Spain, China and Africa were the standout performers.

Frédéric Platini, CEO of R-LOGITECH, said:

“We are pleased with the performance of R-LOGITECH in Q1 2023, showing an improved performance compared with last year. We are benefiting from new client wins as well as extensions of contracts with existing clients. We also profit from the synergies and integration of recent acquisitions and continue to roll out our green agenda aiming at reducing the environmental footprint of our activities. To date, performance is above last year’s significant increase, and we look forward to a strong performance for the full year 2023.”