Logwin Ag · XETR:TGHN
Logwin — Q1 2009 Earnings Presentation
8 slides from Logwin's earnings presentation, May 6, 2009
Slide 1: 1st Quarter Results 2009
Logwin AG 1st Quarter Results 2009 May 06, 2009
Slide 2: Key Financials – Key developments
Key Financials – Key developments (EUR in million) 1st Quarter 2009 2008 Net Sales 405.3 523.2 • Net Sales show strong decline of minus Gross Profit 29.6 40.9 22.5 percent, all segments with similar decline rates Gross Margin 7.3% 7.8% Earnings EBIT 0.1 10.8 • Despite decreasing sales, Logwin EBIT M
Slide 3: Income Statement
Income Statement (EUR in million) 1st Quarter 2009 2008 ∆ in % Net Sales 405.3 523.2 -22.5% • Decreased net sales affected all business segments Purchased Services -266.6 -364.0 -26.8% • Falling demand for transport and logistics Other Cost of Sales -109.1 -118.3 -7.8% services reinforced by further
Slide 4: Segment EBIT
Segment EBIT (EUR in million) Q1 2008 Q1 2009 10 7.4 5.1 EBIT 5 3.2 4.0 0 -0.5 -5 -5.9 -10 Solutions Air + Ocean Road + Rail +13.1% • Suffers from decrease in • Strong operating • EBIT suffers industrial production and margin surpassing dramatically from demand in Germany and previous year: 3.8 % de
Slide 5: Cash Flow Statement
Cash Flow Statement (EUR in million) 1st Quarter 2009 2008 EBITDA 6.0 17.2 • Financial stability of the Logwin Group Interest Payments -0.8 -0.9 demonstrated by positive operating cash Income Tax Payments -3.3 -4.7 flow and improved Net Cash Flow despite reduced EBITDA figure Change in Working Capit
Slide 6: Balance Sheet
Balance Sheet (EUR in million) Mar. 31, Dec. 31, 2009 2008 Assets 727.2 746.5 • Currents assets cover short-term liabilities - Cash / cash equivalents 60.0 63.2 - Trade accounts receivable 230.6 244.8 - Goodwill 181.1 180.8 Liabilities and Shareholders’ Equity 727.2 746.5 - Financial liabilities 38.
Slide 7: Outlook
Outlook • Sales and earnings development in the individual business segments will depend on the overall economic development • The Logwin Group will take all measures necessary to ensure that operational profitability is sustained in the current environment. Top priority of maintaining adequate liqu
Slide 8: Logwin AG
Logwin AG Logwin AG ZIR Potaschberg | 5, an de Laengten | L-6776 Grevenmacher Tel. +352 719 690 1112 | E-Mail: [email protected] | www.logwin-logistics.com Commercial Register Luxembourg No. B40.890 | VAT registration number: LU 15339851 Executive Committee: Berndt-Michael Winter, CEO and Ch