R-LOGITECH reports record Q1 2022 Significant increase in revenue to EUR 266.7 million

Monaco, May 5th, May 2022 – R-LOGITECH S.A.M., a subsidiary of Monaco Resources Group S.A.M. and one of the leading international ports infrastructure operators and related logistics services provider to the natural resources sector, today issues its first quarter 2022 earnings update for the period January 1st, 2022, to March 31st, 2022.

Financial Highlights:

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 Q1 2022:

  • Revenues increased by more than 40% to EUR 266.7 million (Q1 2021: EUR 190.7 million).
  • Adjusted EBITDA rose by 15% to EUR 35.2 million (Q1 2021: EUR 30.7 million).
  • Cash and cash equivalents amounted to EUR 92.5 million (Q1 2021: EUR 81.6 million) and unutilized long-term working capital lines to a further EUR 27 million.

 

Operational Highlights:

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 strong Q1 2022 results, with results above budget, and significantly above prior year Q1 actuals. Q1 2022 results were supported by strong volumes across multiple products in Europe and Africa. Results also show a strong performance from the specialist logistics services including freight forwarding.

Following the acquisition of the Port of Hanko in Finland, the Group is now working to exploit the synergies created by combining this asset with R-LOGITECH’s existing terminals, which include the existing port terminals in Rostock, Ghent and Antwerp. These synergies facilitate an unparalleled service offering to customers across the region.

Frédéric Platini, CEO of R-LOGITECH, said:

“We are very pleased with the performance of R-LOGITECH in Q1 2022, well ahead of budget, benefiting from a strong performance from our port terminals both across Europe and in emerging markets. In addition to an increase in volumes across many of the commodity classes, we are benefiting from new clients wins and additional business from our longstanding client base. To date, performance is excellent and we look forward to a strong performance for the Full Year 2022.”

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

Hangö Stevedoring is now a part of Euroports Finland Group

The entire share capital of Hangö Stevedoring has been transferred to Euroports Finland on 31.3.2022. The acquisition strengthens Euroports Finland’s strategic position in Finland and in the Baltic region. The arrangement will only reinforce customer relationships or partnerships.

“The acquisition strengthens Euroports Finland’s position as a port operator in Finland, and together, we can provide our customers with more extensive expertise and a broader range of services. We believe that Hanko provides us an excellent opportunity to establish our position as a reliable partner for any kind of cargo shipments. The company’s operations will continue as usual and we aim to further develop the company and its services”, says Sari De Meulder, the company’s Managing Director.

Euroports Finland is a part of the international Euroports Group, which operates in 39 terminals and logistic platforms globally and has a workforce of about 3,000 employees. In Finland we operate in addition to Hanko, also in Rauma and Pietarsaari. The Group will open new international cooperation opportunities for Hanko and provides significant added value to the company and its customers through the global network.

“Cooperation between the two experienced port operators has started as well as expected. A port operator as an owner is an opportunity for us,” says Petteri Sammalisto from Hangö Stevedoring. We expect to identify several shared opportunities between the companies, allowing us to offer our customers an even broader range of services”.

 

For more information please contact:
Sari De Meulder
Managing Director Euroports Finland Oy
sari.demeulder@euroports.fi
Tel. +358 400 568 501

About Euroports

Euroports, one of the largest port-infrastructure companies in Europe, develop, operate, and manage global maritime supply-chain solutions for a large number of international customers in various industries. It is Euroports’ mission to be the partner of choice in delivering the highest-quality maritime supply-chain solutions. Euroports accomplish this through 34 deep sea port terminals, 5 Inland terminals and logistic platforms and a workforce of about 3,000 employees, offering a range of value-added services and multi-modal global freight forwarding, all with one aim – to deliver sustainable value to the customers.

www.euroports.com 

www.euroports.fi

 

Floating wind turbines in the port of Port-La Nouvelle

Les Eoliennes flottantes du Golfe du Lion, the Occitanie Region, the SEMOP Port-La Nouvelle and Euroports announce the signature of the first support agreement for floating wind turbines in the port of Port-La Nouvelle.

Euroports, operator of the terminal dedicated to Renewable Marine Energies (MRE) in Port-La Nouvelle, and the company Les éoliennes flottantes du golfe du Lion (LEFGL), signed today, in the presence of the Occitanie Region and the SEMOP Port-La Nouvelle, a contract for port services for the deployment of the EFGL project.

EFGL pilot project is to build and operate three 10 MW floating wind turbines, at more than 16 km off the coast of Leucate (Aude, 11) and Le Barcarès (Pyrénées-Orientales, 66). Euroports will assume the logistical support in the port area of the installation phase, including the assembly of the wind turbines on the floats.

An extension is planned for 2026 to extend the terminal, provide it with a new “heavy quay” and enable it to position itself in the overall support of the sector.

For SEMOP Port-La Nouvelle, this is a strong indication of the Port-La-Nouvelle’s positioning in the field of floating wind energy.

About the EFGL project

This pilot farm project is being carried out by the company Les éoliennes flottantes du golfe du Lion (LEFGL), which is responsible for its installation and operation. It was selected following a call for projects by ADEME and supported by the Investissements d’Avenir programme.

LEFGL brings together the complementary skills of Ocean Winds, a joint venture dedicated to offshore wind energy, created and owned by EDP Renewables and ENGIE (50:50), and the Banque des Territoires.

www.info-efgl.fr
www.oceanwinds.com
www.banquedesterritoires.fr

About Euroports

Euroports, one of the largest port-infrastructure companies in Europe, develop, operate and manage global maritime supply-chain solutions for a large number of international customers in various industries. It is Euroports’ mission to be the partner of choice in delivering the highest-quality maritime supply-chain solutions. Euroports accomplish this through 34 deep sea port terminals, 5 Inland terminals and logistic platforms and a workforce of about 3,000 employees, offering a range of value-added services and multimodal global freight forwarding, all with one aim – to deliver sustainable value to the customers.

www.euroports.com

About SEMOP Port-La-Nouvelle

The SEMOP Port-la Nouvelle, which brings together the Occitanie Region (34%), the Banque des Territoires (15%) and the Nou Vela consortium (51%), has been awarded a 40-year concession contract for the development, operation, management and expansion of the commercial port of Port-La- Nouvelle since 1 May 2021.

The port is now creating a new page in its history with an ambitious extension project to make Port-la-Nouvelle the port of ecological transition and the Mediterranean hub for floating wind energy and green hydrogen. The extension project was started by the Region in 2019 with the construction of new seawalls and the construction of a 250m heavy lift quay dredged to -11m, backed by a 7ha platform ready to receive the EFGL and EolMed pilot wind farm projects from 2022.

SEMOP will continue these extensions with the construction of new terminals (liquid and dry bulk) in a new port basin with a draught of 14.5m, the construction of a 70ha logistics activity zone and the construction of a “green” terminal dedicated to renewable marine energies to accommodate the floating wind farm projects, adding 300m of additional quay and 23ha of land to the existing infrastructure and which will complete the port offer for the wind energy sector from 2026.

www.port-la-nouvelle.com

About the Occitanie Region

In Port-La Nouvelle, the Occitanie Region is carrying out an ambitious port extension project to develop the floating offshore wind turbine sector in order to position the port as the centre of the energy transition in Occitanie. The Region is mobilising a total budget of €234 million for this extension project, which is essential to be able to accommodate the infrastructures required for the construction, assembly and installation of floating wind turbines. “This first agreement is both a strong act and a contract, and a symbol: in the future, the construction, assembly, towing and maintenance of wind turbines from the port will mobilise numerous companies in the maritime, logistics, lifting, electronics and welding sectors… All of this will have an economic impact on the town’s professionals and shopkeepers, thus revitalising this sector of the coastline. Employment and the ecological transition are my main priorities and I am doing everything I can to meet them,” declared the President of the Occitanie/Pyrénées-Méditerranée Region, Carole Delga.

Press Office of the Region : service.presse@laregion.fr
Tel. : 05 61 33 53 49 | 04 67 22 81 31 @presseoccitanie

 

R-LOGITECH with an increase in preliminary EBITDA to EUR 139 million in 2021

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

R-LOGITECH S.A.M. strengthens strategic position in Finland and the Baltic region through acquisition of Oy Hangö Stevedoring Ab

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

EUROPE & AFRICA side by side at AntwerpXL 2021

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