Logwin AG Maintains Stable Sales Amid Economic Challenges

Logwin AG reported stable sales growth in the first nine months of 2024 despite a subdued global economy. Sales reached EUR 1,058.0m, up from EUR 972.0m the previous year, driven by higher air and ocean freight rates in the Air + Ocean segment. This segment recorded sales of EUR 864.3m, showcasing significant improvement even amid competitive pressures.

However, the Solutions segment saw a decrease in sales to EUR 195.6m, largely due to the disposal of the German retail network. The operating result (EBITA) declined to EUR 67.6m from EUR 75.8m in 2023, reflecting heightened competition, particularly in the Air + Ocean segment.

Despite these challenges, Logwin's net result for the period was EUR 51.3m, down from EUR 59.4m. The free cash flow also decreased significantly to EUR 32.7m, influenced by the lower operating result and negative working capital effects.