The Logwin Group has generated sales of €1,168.7m in the first six months of the financial year 2022, a growth of 51.6% over the previous year’s H1 sales of €771.1m. This development has been attributed to high freight rates in air and ocean freight as well as volume growth in the company’s Solutions business segment.
In the first half of 2022, Logwin states the group was able to benefit from the global economic catch-up effects and increased its operating result (EBITA) significantly against the background of a market characterized by capacity bottlenecks and strongly rising inflation rates.
At €71.8m, the Logwin Group’s operating result (EBITA) in the first half of 2022 exceeded the previous year’s result of €36.6m, growing 96.2%. The Air + Ocean business segment made a major contribution to this increase with a €31.6m rise in its half-year operating result (EBITA) to €70.3m (2021: €38.7m). In the Solutions business segment, a positive one-off effect was stated to have led to an increase in earnings to €7.5m (2021: €3.8m).