Microlog Logistics AG
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Microlog Logistics AG: Sustained growth at a high level in Q1/2002
Ad-hoc-announcement processed and transmitted by DGAP.
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Sustained growth at a high level in Q1/2002
– Q1/2002 sales of 68.5m EUR more than doubled yoy; qoq growth (Q4/2001) above
target at +19%
– Q1/2002 EBITA of 3.3m EUR exceeds tar-get; 4.8% margin as expected
– Loss per share 0.19 EUR; earnings per share, before goodwill amortisation,
0.13 EUR
Frankfurt, May 28, 2002. Microlog Logistics AG, one of the leading specialists
in contract logistics and supply chain management, has maintained its forward
momentum in Q1/2002. The company benefited from buoyant sales within its
existing customer base as well as agreements concluded with new customers. It
was also able to take advantage of the stabilisation of those parts of its
foreign activities which had been subject to slight downward pressure in the
second half of 2001.
All business units recorded sizeable gains vis-a-vis the comparative period
last year. However, it should be noted that in Q1/2001, LOCTON, which was
acquired in March, had not yet been consolidated for the full quarter. In
relation to Q4/2001, growth was mainly organic. Margins in the core areas
within Contract Logistics exceeded Q4/2001 and the full fiscal 2001 figures.
Margins generated by Freight Concept and Solutions improved dramatically. The
company’s performance in detail:
Center Logistics: Sales 14.1m EUR; +75% vs Q1/2001; +6% vs Q4/2001;
EBITA 1.8m EUR; +77% vs Q1/2001; +17% vs Q4/2001
Inhouse Logistics: Sales 9.2m EUR; +76% vs Q1/2001; +6% vs Q4/2001;
EBITA 0.9m EUR; +145% vs Q1/2001; +6% vs Q4/2001
Freight Concept: Sales 38.5m EUR; +131% vs Q1/2001; +23% vs Q4/2001;
EBITA 1.7m EUR; +175% vs Q1/2001; +45% vs Q4/2001
Solutions: Sales 1.8m EUR; -37% vs Q1/2001; +65% vs Q4/2001;
EBITA -0.3m EUR; margin -13.5% following -21.7% in Q4/2001
Parts Concept: Sales 4.9m EUR; +57% vs Q4/2001;
EBITA 0.08m EUR; +341% vs Q4/2001;
this unit established in Q3/2001.
Group: Sales 68.5m EUR; +109% vs Q1/2001; +19.3% vs Q4/2001;
EBITA 3.3m EUR; +47% vs Q1/2001; +20.6% vs Q4/2001;
consolidated net loss 1.2m EUR (before goodwill amortisation:
consolidated net profit 0.8m EUR); cash flow from operat-ing activities
adjusted for restructuring of short-term into long-term borrowings: 4.6m
EUR; cash and cash equivalents 10.4m EUR.
The detailed quarterly report is available at http://www.microlog.de.
In case of further information:
Microlog Logistics AG
Investor Relations
Lyoner Strasse 24-26
60528 Frankfurt am Main
Tel: + 49 (0) 69 / 66 37 29 -22
Mail: investor@microlog.de
end of ad-hoc-announcement (c)DGAP 28.05.2002
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WKN: 549 431; ISIN: DE0005494314; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
280735 Mai 02
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