R-LOGITECH S.A.M. with strong business performance in 9-month period 2021
Monaco, 28 October 2021 – R-LOGITECH S.A.M., one of the leading international ports infrastructure operators and logistics services providers in the natural resources sector, had a successful 9-month period up to 30/09/2021, despite a continuing challenging environment resulting from the COVID-19 pandemic. In the first 9 months of 2021, R-LOGITECH realized revenues of EUR 626 million (up 26.4% versus the first 9 months of 2020) with an EBITDA of EUR 95 million (up 16.1% versus the first 9 months of 2020).
R-LOGITECH’s liquidity position is strong with a cash position of EUR 95.2 million and available unutilized long-term committed working capital lines of a further EUR 36 million.
The business performance is above budget and R-LOGITECH expects a strong full year 2021 with revenues and EBITDA well above 2020 levels.
R-LOGITECH is focused on handling essential commodities (fresh food, agribulk, fertilizer, sugar, paper and pulp) and its facilities are primarily dedicated to bulk and break bulk handling worldwide. The company has increased volumes in Europe, China and Africa and succeeded in expanding all of its business lines.
Frédéric Platini, CEO of R-LOGITECH: “After a challenging year in 2020, during which the Group displayed its resilient business model, we expect a strong full year result in 2021. We are eager to further develop our network into new areas, servicing our clients across multiple jurisdictions. With our current and new terminals dedicated to renewable energies, we are ready to contribute to the necessary transformation of the economy to reduce our carbon footprint, and become an essential service provider, partnering with our industrial clients to achieve this transition.”
About R-LOGITECH S.A.M.:
R-LOGITECH is one of the leading international ports infrastructure operators and logistics services providers in the natural resources sector. The Group’s primary business lines are port and terminal management, logistics and technology solutions.
R-LOGITECH is a subsidiary of Monaco Resources Group S.A.M.
For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 89 8896906-25
linh.chung@better-orange.de
Frédéric Platini
R-LOGITECH S.A.M.
+377 97 98 67 71
investorrelations@r-logitech.com
28.10.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
