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
+377 97 98 67 71