Thursday, 10 February 2022, 10:00 | ENGLISH, Group News, PRESS RELEASE
Monaco, 10 February 2022 – Based on preliminary figures, R-LOGITECH S.A.M., one of the leading international ports infrastructure operators and related logistics services provider in the natural resources sector, was able to increase its key revenue and earnings figures in the fiscal year 2021 despite the challenging environment resulting from the ongoing COVID-19 restrictions, supply chain disruptions and price volatility.
Preliminary consolidated revenue increased from EUR 665.9 million to EUR 892 million. Preliminary adjusted consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) rose from EUR 127 million to EUR 139 million for the full year 2021. Preliminary consolidated earnings before interest and taxes (EBIT) amounted to EUR 60 million (2020: EUR 45 million). The equity ratio was 27.1% (31 December 2020: 28.5%).
Cash and cash equivalents amounted to EUR 107 million as of 31 December 2021 (31 December 2020: EUR 81 million) and available unutilized long-term committed working capital lines to a further EUR 36 million.
As a leading port infrastructure operator and complementary logistics services provider with a global presence in more than 30 countries, R-LOGITECH offers vertically integrated solutions to its customers across the globe. In 2021, R-LOGITECH was able to capitalize on higher volumes across its port terminals business, particularly in Europe and the emerging markets. During 2021, the Group increased its asset base in France, Scandinavia and in the emerging markets, which will lead to a significant increase in EBITDA during 2022.
Frédéric Platini, CEO of R-LOGITECH: “We are pleased that our business model has proven to be resilient under challenging circumstances. We have increased our earnings across our legacy business and have secured some important new assets for the Group which will benefit earning significantly during 2022. We would like to thank all our employees, clients and stakeholders for their outstanding contribution and support. We expect 2022 to be a successful year for R-LOGITECH Group and to increase revenue and EBITDA significantly due to high demand for our services across our expanding asset base. We have had a strong start to 2022.”
The audited consolidated financial statements for 2021 are expected to be published in April 2022 on the company website at www.r-logitech.com.
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
Thursday, 16 December 2021, 14:00 | ENGLISH, Group News, PRESS RELEASE
Monaco, 16 December 2021 – R-LOGITECH S.A.M., one of the leading international ports infrastructure operators and logistics services provider in the natural resources sector, has via its subsidiary EUROPORTS acquired from Metsä Group the entire share capital of Oy Hangö Stevedoring Ab as of today. The company has provided cargo handling services at Port of Hanko since 1912. It has gained a strong proficiency during its 100 years in the business. Oy Hangö Stevedoring Ab has around 180 employees, first-rate loading equipment and modern IT solutions.
Frédéric Platini, CEO of R-LOGITECH: “With this transaction, we will strengthen our strategic position in Finland and in the Baltic region. We are fully committed to continue to operate following the highest standards of safety and quality, focusing on the sustainability of our operations.”
“This acquisition is expanding our services in Finland. With all our locations in Rauma, Pietarsaari and Hanko, we can offer our services to our existing and new customers everywhere in Finland. We are confident that Hanko will create a great possibility to strengthen our position as a reliable partner for any cargoes,” highlights Sari De Meulder, Managing Director of Euroports Finland Oy.
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
Wednesday, 17 November 2021, 18:00 | ENGLISH, Group News, PRESS RELEASE
From 7-9 December 2021, EUROPORTS and R-LOGISTIC – both part of R-Logitech group – will be exhibiting together at AntwerpXL 2021: the annual world event exclusively dedicated to maritime breakbulk, held in Antwerp, Belgium.
The port of Antwerp has unique expertise in breakbulk. Thus, from its very first edition in 2019, Antwerp XL immediately became a “one-stop-shop” that connects professionals of breakbulk and shipping companies from all over the world to build strong business relationships and discover business opportunities. It is designed to the enhance skills, knowledge and expertise of attendees, and to promote innovative technology.
EUROPORTS & R-LOGISTIC: EUROPE & AFRICA IS MEETING AT ANTWERPXL
The presence of EUROPORTS and R-LOGISTIC as one entity will be a chance for both to affirm their determination to develop commercial and operational synergies – especially between the African continent and the largest logistics platforms in Europe.
Their inaugural participation is also the result of a desire to strengthen the creation of inter-subsidiary value chains led by Frederic Platini, CEO of R-LOGITECH, which has been key to the growth of both entities.
Commenting on R-LOGISTIC’s contribution to this event, Joaquin GOMEZ-YANCI, Group Deputy CEO of R-LOGISTIC, says: “Alongside EUROPORTS, this major event is a great opportunity for our team to get closer to our European customers and to offer them the most suitable solutions for their projects in West and Central Africa.”
R-LOGITECH is an international infrastructure and logistics services provider, looking forward to new opportunities in the natural resources industry that focus on new commodities.
Over the years, as the largest port infrastructure operator, EUROPORTS has developed a unique expertise in offering maritime supply chain solutions to international customers in targeted industry sectors.
Each year, more than 60 million tonnes of bulk, breakbulk, containerised goods and liquid are handled.
“EUROPORTS stands out for their breakbulk terminal, TA1207, Antwerp, the largest breakbulk terminal in Continental Europe with excellent access to trimodal logistics. This terminal is also one of the most flexible and diversified terminals in Continental Europe. It serves as a critical hub for forest products, steel and non-ferrous metals, including temperature-controlled facilities for fresh and frozen foods.” says Kris DHONDT, Commercial Director of EUROPORTS.
Capitalising on EUROPORTS’ assets, R-LOGISTIC is able to offer innovative technical and operational solutions to its customers and to the public authorities of the host countries.
Characterised by its geographical network that spans from West to Central Africa, R-LOGISTIC has developed a strong knowledge of these countries, offering customers tailor-made logistics solutions that perfectly meet the challenges at hand. The pair will also take advantage of the opportunity to present TRACK & TRACE: the logistic follow-up system developed by the Group. The technology allows users to follow the status of all shipments coming from and going to Africa in real-time, therefore allowing total visibility across all aspects of the supply chain process.
Frederic concludes:
“We are eager to further develop our network in new areas, and will be focusing on the commodities of the future and following our clients in their global operations. With both our existing and new terminals dedicated to renewable energy, we are ready to contribute to the necessary transformation of the economy in order to reduce our carbon footprint and become an essential player for our industrial partners.”
About EUROPORTS
EUROPORTS currently operates in 21 deep-sea terminals, 5 inland river terminals and 7 on-site logistics terminals.
EUROPORTS deals with commodities that are essential for the global economy and assists customers in the design, operation and management of maritime supply chain solutions that deliver sustainable competitive advantages.
EUROPORTS’ core business is centred around port operations, complemented by value-added services and freight forwarding.
www.euroports.com
Media Relations EUROPORTS
Eveline AUDENAERT Tel: +32 3 570 35 90
Email : eveline.audenaert@euroports.com
About R-LOGISTIC
With more than 35 years’ experience, R- LOGISTIC operates through a network of 14 agencies, distributed between West and Central Africa.
R-LOGISTIC provides innovative and integrated multimodal logistic solutions in Africa across the supply chain.
These solutions adapt to the most complex conditions: conventional and containerised freight, industrial projects, oversized equipment, sensitive materials, transport, and cold storage.
www.r-logisticgroup.com
Media Relations R-LOGISTIC
Sonia AMEGNRAN Tel: +228 90 76 33 33
Email : as.amegnran@r-logisticgroup.com
Thursday, 28 October 2021, 14:00 | ENGLISH, Group News, PRESS RELEASE
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
Wednesday, 5 May 2021, 9:00 | ENGLISH, Group News, PRESS RELEASE
Monaco, 5 May 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 first quarter (Q1) 2021 despite a continuing challenging environment resulting from the COVID-19 pandemic.
R-LOGITECH realized in Q1 2021 a turnover of EUR 195 million (up 11.8% versus Q1 2020) with an EBITDA of EUR 30.1 million in Q1 2021 (up 16.7% versus Q1 2020).
R-LOGITECH’s liquidity position is strong, with a cash position of EUR 81.6 million and available unutilized long-term committed working capital lines of a further EUR 40.4 million.
The business performance is above budget and R-LOGITECH expects a strong full year 2021 with revenues and EBITDA 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.
R-LOGITECH had increased volumes in Europe, China and Africa and could expand all of its business lines.
Frédéric Platini, CEO of R-LOGITECH: “We are pleased that our business model has again proven to be resilient under challenging circumstances and thank all our employees, clients and stakeholders for their outstanding contribution and support. We expect a strong full year 2021 in terms of volume and profitability and have a significant project- and deal pipeline.”
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
Wednesday, 17 February 2021, 17:30 | ENGLISH, Group News, PRESS RELEASE
R-LOGITECH S.A.M. increases volume of its existing EUR 160 million 8.5% bond 2018/2023 by EUR 40 million
Monaco, 17 February 2021 – The board of directors of R-LOGITECH S.A.M., an international provider of port infrastructure and logistics services with its main focus on the natural resources sector, resolved today to increase its EUR 160 million 8.5% corporate bond 2018/2023 (ISIN: DE000A19WVB8) by a further EUR 40 million to a total volume of EUR 200 million.
The new notes from the tap issue will be included in the Open Market at the Frankfurt Stock Exchange under an interim ISIN DE000A3KLDG9. After a period of 40 days (TEFRA-D), the tap notes will be merged with the existing notes 2018/2023.
The issue was placed with selected international institutional investors.
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.
About R-LOGITECH S.A.M.:
R-LOGITECH is an international provider of infrastructure and logistics services focused mainly on 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 Frédéric Platini
Better Orange IR & HV AG R-LOGITECH S.A.M.
+49 89 8896906-25 +377 97 98 67 71
linh.chung@better-orange.de investorrelations@r-logitech.com
