PRESS RELEASE: Logwin experiences slight upturn in...

PRESS RELEASE: Logwin experiences slight upturn in the first quarter - Clear
growth in sales and earnings



PRESS RELEASE: Logwin experiences slight upturn in the first quarter -
Clear growth in sales and earnings



Logwin AG / Interim Report

05.05.2010 06:59

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this
announcement.

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Logwin experiences slight upturn in the first quarter - Clear growth in
sales and earnings

- Continuing business operations: sales 320.7 million euros; EBIT 7.4
million euros
- Disposal of Road + Rail activities largely complete

Grevenmacher (Luxembourg) - The Logwin Group generated sales of 320.7
million euros in its continuing business segments in the first quarter.
This represents an increase of 13.3 % over last year. (2009: 283.1 million
euros). The main contributors to sales growth were the partially growing
demand for logistics and transportation services and the considerable
increases in freight rates since the middle of 2009. Operating income
(EBIT) amounted to 7.4 million euros, which was significantly above the
previous year (2009: 5.0 million euros).

Berndt-Michael Winter, Chairman of the Executive Committee (CEO) of Logwin
AG comments, 'We experienced a slight upturn in the first quarter of 2010
thanks to the incipient economic recovery. At the same time, we are also
benefiting from the cost-cutting measures that we have been systematically
pursuing and from our increased focus on sales. Even though the recovery in

the markets still has to prove to be stable in the long run, we are
satisfied with the way the Logwin Group began 2010.'

At 6.8 million euros, the operating cash flow of the Logwin Group showed a
positive development at the end of the reporting period (2009: 4.6 million
euros). The growth in working capital is primarily due to the higher volume

of business compared with the very weak first quarter of the previous year.


The business segment Solutions generated sales of 175.1 million euros in
the first three months of 2009, approximately in line with those last year
(2009: 178.9 million euros). Growth in volumes for general cargo,
automotive and chemicals activities were especially pleasing compared with
last year. Operating result (EBIT) at Solutions almost doubled compared
with the same period last year to 4.4 million euros (2009: 2.2 million
euros). As a result, the operating margin increased to 2.5 %.

The business segment Air + Ocean generated sales in the reporting period of

145.5 million euros (2009: 105.5 million euros). This sales growth of 38.0
% was primarily the result of a revival in the markets of the business
units Europe Middle East and Far East and of steadily increasing freight
rates. Operating result increased to 4.8 million euros (2009: 4.0 million
euros). The operating margin reached 3.3 %.

Abandonment of the business segment Road + Rail - Transactions largely
completed

The Logwin Group sold off almost all activities of the business segment of
Road + Rail in the second half of 2009 and in the first quarter of 2010 as
a consequence of the realignment of its business model and the associated
major reduction in its land transportation activities. The transactions
that were still pending approval by the competition authorities at the time

of publication of the annual financial statements for 2009 have now been
concluded.

Outlook

The Logwin Group assumes that there will be a steady growth in sales for
the continuing business operations starting from the comparatively low
level of the fiscal year 2009. By focusing on the business segments
Solutions and Air + Ocean the Logwin Group has made itself leaner and more
efficient. This, together with the cost-saving measures that have been
initiated, will have a positive effect on its earnings situation.


Comments on continuing and discontinued business operations

The Logwin Group made a considerable reduction in its land transportation
activities in 2009 and the first quarter of 2010 and as a result abandoned
its business segment Road + Rail. Those Road + Rail activities in Germany
that affect major Solutions customers were already transferred to Solutions

in the middle of 2009, where they operate under the title of General Cargo.

The activities that were abandoned or sold off and the remaining operations

of the abandoned business segment Road + Rail are reported as discontinued
business operations in accordance with IFRS 5. Continuing business
operations comprise the business segments Solutions and Air + Ocean as well

as general expenditures that cannot be attributed to the business segments.


The quarterly financial report of the Logwin Group is available on the
Internet under: www.logwin-logistics.com



About Logwin AG

As an external partner, Logwin AG, Grevenmacher (Luxembourg), develops a
comprehensive range of logistics and service solutions for trade and
industry. In 2009, the group generated sales of 1.1 billion euros and
currently employs approximately 5,500 staff. Logwin operates in all main
markets worldwide and has locations across all continents. With its two
business segments Solutions (customer-focused contract logistics solutions)

and Air + Ocean (global air and sea freight activities), Logwin AG is one
of the leaders in the market.

Logwin AG is listed in the Prime Standard of the Deutsche Börse. The
majority shareholder is DELTON AG, Bad Homburg (Germany).



Kontakt:
Mara Hancker, Head of Public Relations
P: 00352/719690-1353, F: 00352/719690-1359
pr-info@logwin-logistics.com

Peer Brauer, Head of Investor Relations
P: 00352/719690-1112, F: 00352/719690-1359
ir-info@logwin-logistics.com







05.05.2010 Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Logwin AG
an de Längten 5
L-6776 Grevenmacher
Luxemburg
Phone: +352 719 690 0
Fax: +352 719 690 1359
E-mail: ir-info@logwin-logistics.com
Internet: www.logwin-logistics.com
ISIN: LU0106198319
WKN: 931705
Indices: Prime All Share (PXAP), Classic All Share (CLXP), DAXsector
All Transportation & Logistics (4N87), DAXsector
Transportation & Logistics (CXPL), DAXsubsector All Logistics

(4N99), DAXsubsector Logistics (I1LB)
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg

End of News DGAP News-Service

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May 05, 2010 01:00 ET (05:00 GMT)




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