Logwin continues well into Q3/2021
In the first nine months of 2021, the revenues of the Grevenmacher (Luxemburg)-based Logwin Group rose by 53.2 % to EUR 1.26 billion (2020: EUR 822.9 million).
The air + ocean business segment contributed the lion's share by an increase in revenues from EUR 574 million to more than EUR 1 billion. The solutions business segment however moved sidewards, declining to EUR 242.2 million from the previous year's figure of EUR 248.4 million.
The whole Logwin Group generated operating earnings of EUR 67.5 million in the first nine months of 2021, almost doubling last year's result by EUR 31.6 million. So did the net result, which amounted to EUR 52.4 million in the first nine months of 2021 compared to the prior year's figure (2020: EUR 25.1 million).
The Logwin Group now expects strong revenue growth to around EUR 1.7 billion for the full year 2021. (sh)