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R-LOGITECH S.A.M. with strong business performance in first quarter 2021

·2-min read

DGAP-News: R-LOGITECH S.A.M. / Key word(s): Quarter Results
05.05.2021 / 09:00
The issuer is solely responsible for the content of this announcement.

R-LOGITECH S.A.M. with strong business performance in first quarter 2021

Monaco, 5 May 2021 - R-LOGITECH S.A.M., one of the leading international ports infrastructure operators and logistics services providers in the natural resources sector, had a successful first quarter (Q1) 2021 despite a continuing challenging environment resulting from the COVID-19 pandemic.

R-LOGITECH realized in Q1 2021 a turnover of EUR 195 million (up 11.8% versus Q1 2020) with an EBITDA of EUR 30.1 million in Q1 2021 (up 16.7% versus Q1 2020).

R-LOGITECH's liquidity position is strong, with a cash position of EUR 81.6 million and available unutilized long-term committed working capital lines of a further EUR 40.4 million.

The business performance is above budget and R-LOGITECH expects a strong full year 2021 with revenues and EBITDA above 2020 levels.

R-LOGITECH is focused on handling essential commodities (fresh food, agribulk, fertilizer, sugar, paper and pulp) and its facilities are primarily dedicated to bulk and break bulk handling worldwide.

R-LOGITECH had increased volumes in Europe, China and Africa and could expand all of its business lines.

Frédéric Platini, CEO of R-LOGITECH: "We are pleased that our business model has again proven to be resilient under challenging circumstances and thank all our employees, clients and stakeholders for their outstanding contribution and support. We expect a strong full year 2021 in terms of volume and profitability and have a significant project- and deal pipeline."

About R-LOGITECH S.A.M.:
R-LOGITECH is one of the leading international ports infrastructure operators and logistics services providers in the natural resources sector. The Group's primary business lines are port and terminal management, logistics and technology solutions.

R-LOGITECH is a subsidiary of Monaco Resources Group S.A.M.

For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 89 8896906-25
linh.chung@better-orange.de

Frédéric Platini
R-LOGITECH S.A.M.
+377 97 98 67 71
investorrelations@r-logitech.com


05.05.2021 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.
Archive at www.dgap.de

Language:

English

Company:

R-LOGITECH S.A.M.

7, rue du Gabian

98000 Monaco

Monaco

Phone:

+377 97 98 67 71

E-mail:

investorrelations@r-logitech.com

Internet:

www.r-logitech.com

ISIN:

DE000A19WVN8

WKN:

A19WVN

Listed:

Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1191767


 

End of News

DGAP News Service

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