UK Markets closed
  • NIKKEI 225

    26,739.03
    +336.19 (+1.27%)
     
  • HANG SENG

    20,717.24
    +596.56 (+2.96%)
     
  • CRUDE OIL

    110.35
    +0.46 (+0.42%)
     
  • GOLD FUTURES

    1,845.10
    +3.90 (+0.21%)
     
  • DOW

    31,261.90
    +8.77 (+0.03%)
     
  • BTC-GBP

    23,588.80
    +153.17 (+0.65%)
     
  • CMC Crypto 200

    650.34
    -23.03 (-3.42%)
     
  • Nasdaq

    11,354.62
    -33.88 (-0.30%)
     
  • ^FTAS

    4,083.84
    +44.90 (+1.11%)
     

R-LOGITECH reports record Q1 2022: Significant increase in revenue to EUR 266.7 million

·3-min read

DGAP-News: R-LOGITECH S.A.M. / Key word(s): Quarter Results
R-LOGITECH reports record Q1 2022: Significant increase in revenue to EUR 266.7 million
05.05.2022 / 10:00
The issuer is solely responsible for the content of this announcement.

R-LOGITECH reports record Q1 2022: Significant increase in revenue to EUR 266.7 million

Monaco, May 5th, May 2022 – R-LOGITECH S.A.M., a subsidiary of Monaco Resources Group S.A.M. and one of the leading international ports infrastructure operators and related logistics services provider to the natural resources sector, today issues its first quarter 2022 earnings update for the period January 1st, 2022, to March 31st, 2022.

Financial Highlights:

Despite worldwide supply-chain challenges, inflationary pressures, ongoing COVID-19-related restrictions in China and war in Ukraine, R-LOGITECH is pleased to report that revenue and earnings rose significantly in Q1 2022:

  • Revenues increased by more than 40% to EUR 266.7 million (Q1 2021: EUR 190.7 million).

  • Adjusted EBITDA rose by 15% to EUR 35.2 million (Q1 2021: EUR 30.7 million).

  • Cash and cash equivalents amounted to EUR 92.5 million (Q1 2021: EUR 81.6 million) and unutilized long-term working capital lines to a further EUR 27 million.


Operational Highlights:

As a leading port infrastructure operator and complementary logistics services provider, with a global presence in more than 30 countries, R-LOGITECH offers vertically integrated solutions to its customers around the globe. The business has delivered strong Q1 2022 results, with results above budget, and significantly above prior year Q1 actuals. Q1 2022 results were supported by strong volumes across multiple products in Europe and Africa. Results also show a strong performance from the specialist logistics services including freight forwarding.

Following the acquisition of the Port of Hanko in Finland, the Group is now working to exploit the synergies created by combining this asset with R-LOGITECH’s existing terminals, which include the existing port terminals in Rostock, Ghent and Antwerp. These synergies facilitate an unparalleled service offering to customers across the region.

Frédéric Platini, CEO of R-LOGITECH, said: “We are very pleased with the performance of R-LOGITECH in Q1 2022, well ahead of budget, benefiting from a strong performance from our port terminals both across Europe and in emerging markets. In addition to an increase in volumes across many of the commodity classes, we are benefiting from new clients wins and additional business from our longstanding client base. To date, performance is excellent and we look forward to a strong performance for the Full Year 2022.”

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


05.05.2022 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:

1343923


 

End of News

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting