Logwin remains stable
The Logwin Group reported almost unchanged revenues of EUR 1.12 billion for 2020. (2019: EUR 1.13 billion). At EUR 47.8 million, ebita moves sidewards compared to the previous year's figures (2019: EUR 47.6 million) as does the EUR 34.7 million net result for the same period (2019: EUR 35.4 million).
While the air + ocean business unit significantly increased its operating profit compared to the previous year, the anti Covid-19 measures took their toll on the solutions business segment.
In the air + ocean business segment, revenues increased by 4.6% to EUR 789.7 million (2019: EUR 753.5 million) while the solutions business segment declined by 11.4% to revenues of EUR 333.9 million (2019: EUR 376.8 million).
The main reason for the downturn was said to be "the significant pandemic-related drop in sales in the German transport network." (sh)