Logwin AG Expands Global Reach Amid Strong 2024 Financial Performance

Logwin AG reported strong financial results for 2024, with group revenue reaching EUR 1,442.4 million, a rise from EUR 1,257.5 million the previous year. Despite an expected decline in operating results (EBITA) to EUR 83.6 million, down from EUR 91.7 million, the company managed to maintain satisfactory earnings amidst a competitive market. Net results amounted to EUR 65.6 million compared to EUR 80.2 million in 2023.

The Air + Ocean business segment witnessed revenue growth to EUR 1,189.5 million, attributed to freight rate developments and increased volumes. However, this segment's EBITA decreased to EUR 76.5 million due to stiff market competition. Meanwhile, the Solutions segment saw a decrease in revenue to EUR 255.0 million, yet recorded an EBITA increase to EUR 19.8 million.

Logwin's strategy of leveraging its strong earnings situation led to strategic expansions in Europe, including acquisitions and new branches. Additionally, the company plans a EUR 12.80 per share dividend with a 5% yield. The inaugural sustainability report will be published, aligning with the EU's CSRD guidelines.