Home / Knowledge / News / Textiles / EBITA more than doubles at Logwin Group in 2014
EBITA more than doubles at Logwin Group in 2014
26
Mar '15
In 2014, although sales fell marginally, operating result or EBITA more than doubled as compared to the previous year at the Logwin Group.

In a press release, Logwin Group said EBITA surged to €25.1 million in financial year 2014 as against €12.0 million in 2013.

The decline in consolidated sales from €1,219.7 million in the prior year to €1,129.4 million in 2014 is in line with expectations due to the divestments made in 2013.

Logwin added that the financial strength of Logwin is further demonstrated by a net liquidity of €50.8 million, with both business segments, Solutions and?Air + Ocean contributing to the significant improvements.

The Air + Ocean business segment generated revenues of €648.1 million in 2014, up 4.8 per cent from €618.1 million in 2013, from encouraging growth rates recorded particularly in sea freight.

The Air + Ocean business segment improved its operating result by 15.2 per cent to €31.2 million in 2014 as against €27.1 million, with operating margin also growing to 4.8 per cent compared to 4.4 per cent.

“An especially strong improvement in margins was achieved in the South East Asia region,” Logwin noted.

At €479.5 million, revenues in the Solutions business segment were below the prior-year figure of €600.6 million, but also in line with expectations.

“The decrease was a result of the disposals and site closures carried out in the prior year,” the company observed.

The operating result of the business segment improved to €3.6 million as, unlike the previous year, there was no significant net impact from non-recurring expenses and the focus on core activities started to pay off.

The improvement in results is the driver for the further enhancement of the Logwin Group’s financial strength.

On the basis of cash and cash equivalents of €67.0 million on December 31, 2014 compared to €58.6 million at 2013-end, the Logwin Group reported a net liquidity of €50.8 million.

Buoyed by the positive net result of €13.8 million in 2014 from a loss of €2.9 million in the prior year, the equity ratio increased to 27.9 per cent from 26.3 per cent on December 31, 2013. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search