Logwin's Q1 2024 Earnings Impacted by Price Wars Despite Increased Volumes

• Logwin AG's Q1 2024 earnings were affected by intensified price competition despite rising volumes.
• The global economy continued to expand modestly in Q1 2024, with global trade stabilizing despite conflicts in the Middle East.
• Logwin Group's Q1 2024 sales were EUR 311.0m, below the prior year's EUR 362.4m, with the Air + Ocean business segment generating sales of EUR 245.2m.
• The operating result (EBITA) for Q1 2024 was EUR 19.0m, below the prior year's EUR 24.9m, due to increased competitive pressure.
• The net result for the period was EUR 15.8m, and the free cash flow was EUR 13.1m, both lower than the previous year.
• The risk situation for the Logwin Group has not changed significantly since the Annual Financial Report 2023, with continued high inflation rates and geopolitical tensions posing increased economic risk.

The next important date, Publication of Quarterly Report as of March 31, 2024, at Logwin is on 30.04.2024.

The price of Logwin at the time of the news was 257,00EUR and did not change compared to the previous day.

Logwin

-0,79 %

-1,57 %

-1,57 %

-7,41 %

-5,30 %

+31,58 %

+52,44 %

+162,19 %

-67,48 %

ISIN:LU1618151879WKN:A2DR54

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