Monaco, November 9th, 2022 – R-LOGITECH S.A.M., one of the leading international ports infrastructure operators and related logistics services provider to the natural resources sector, today issues its nine-month 2022 earnings update for the period January 1st, 2022 to September 30th, 2022.
Despite worldwide supply-chain challenges, inflationary pressures, ongoing COVID-19-related restrictions in China and war in Ukraine, R-LOGITECH is pleased to report that revenue and earnings rose significantly in the first nine months 2022:
- Revenues increased by 38% to EUR 862 million (nine months 2021: EUR 626 million).
- Adjusted EBITDA rose by 16% to EUR 110 million (nine months 2021: EUR 95 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 around the globe. The business has delivered positive nine-month 2022 results which have improved in comparison to the same period in the previous year. The 2022 results were supported by strong volumes across multiple products in Europe and Africa and also show a good performance from the specialist logistics services including freight forwarding.
Frédéric Platini, CEO of R-LOGITECH, said:
“We are very pleased with the performance of R-LOGITECH in the first nine months 2022, which shows the resilience of our business model in challenging times.”
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 and specialist logistics.
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