R-LOGITECH S.A.M. increases volume of its existing EUR 160 million 8.5% bond 2018/2023 by EUR 40 million

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

R-LOGITECH S.A.M. considers tap issue on its existing bond 2018/2023

R-LOGITECH S.A.M. considers tap issue on its existing bond 2018/2023

Monaco, 16 February 2021 – R-LOGITECH S.A.M., an international provider of port infrastructure and logistics services with its main focus on the natural resources sector, considers to increase its existing EUR 160 million 8.5% corporate bond 2018/2023 (ISIN: DE000A19WVN8) to finance existing projects and opportunities that result from the current market environment.

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

R-LOGITECH with significant increase in revenue and earnings in 2020

R-LOGITECH with significant increase in revenue and earnings in 2020

  • Preliminary consolidated revenue increases by 56% to EUR 668.5 million
  • Preliminary consolidated EBITDA improves by 102% to EUR 121.9 million

Monaco, 3 February 2021 – Based on preliminary figures, R-LOGITECH S.A.M, an international provider of port infrastructure and logistics services with its main focus on the natural resources sector, was able to significantly increase its key revenue and earnings figures in the fiscal year 2020 despite the challenging environment resulting from the COVID-19 pandemic.

Consolidated revenue increased from EUR 427.6 million to EUR 668.5 million. Preliminary adjusted consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose from EUR 60.3 million to EUR 121.9 million. Consolidated earnings before interest and taxes (EBIT) amounted to EUR 29.8 million (2019: EUR 7.4 million).

Preliminary consolidated equity was EUR 476.1 million (31 December 2019: EUR 483,9 million), corresponding to a preliminary consolidated equity ratio of 29.3% (31 December 2019: 29.5%). Cash and cash equivalents amounted to EUR 79.1 million as of 31 December 2020 (31 December 2019: EUR 66.3 million).

During 2020, R-LOGITECH managed to remain fully operational in all its locations across Europe, Africa and China, helping to maintain the critical supply chains that are essential for delivering key commodities to the respective markets, and thereby helping in the fight against COVID-19. The company is expected to continue doing so for 2021.

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 breakbulk handling worldwide. The company currently operates more than 40 ports and terminals, employs more than 4.500 people and is active in more than 30 countries.

Frédéric Platini, CEO of R-LOGITECH: “We are pleased that our business model has proven to be resilient under challenging circumstances, and we would like to thank all our employees, clients and stakeholders for their outstanding contribution and support. We expect 2021 to be a successful year for R-LOGITECH Group and to further increase revenue and EBITDA significantly due to high demand for our services and organic and acquisitive growth. We had a very good start into the year with record results for January.”

The audited consolidated financial statements for 2020 are expected to be published in April 2021 on the company website at www.r-logitech.com.

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

R-LOGITECH S.A.M. with positive business performance in 9-month period of 2020

R-LOGITECH S.A.M. with positive business performance in 9-month period of 2020

 

Monaco, 18 November 2020 – 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 30/09/2020 despite the challenging environment resulting from the COVID-19 pandemic.

In the first 9 months of 2020, R-LOGITECH, on a consolidated basis, realized a turnover of EUR 495.4 million (up from EUR 264.9 million in the first 9 months in 2019) with an EBITDA of EUR 81.9 million (up from EUR 49.1 million).

R-LOGITECH’s liquidity position is strong, with a cash position of EUR 60 million and available unutilized long-term committed working capital lines of a further EUR 27 million.

The business performance for the first 9 months of 2020 far exceeded the corresponding period in 2019 and R-LOGITECH expects a strong full year 2020 with revenues and EBITDA significantly above 2019 levels.

R-LOGITECH also had a strong 3rd quarter with activity increasing across all major product groups. Earnings for the month of October were the highest ever recorded for the Group, with a particular strong performance in the Eurozone. 3 new terminals were secured during this period, which will contribute to the earnings from mid-2021 onwards.

During the first 9 months, R-LOGITECH managed to remain fully operational in all its locations across Europe, Africa and China, helping to maintain the critical supply chains that are essential for delivering key commodities to the respective markets, and thereby helping in the fight against COVID-19. The company is expected to continue doing so for the rest of the year.

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.

Frédéric Platini, CEO of R-LOGITECH: “We are pleased that our business model has proven to be resilient under challenging circumstances, and we would like to thank all our employees, clients and stakeholders for their outstanding contribution and support. We will continue to grow our business further and seize the opportunities that will result from the crisis.”

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. reports successful first half of 2020

R-LOGITECH S.A.M. reports successful first half of 2020

 

Monaco, 11 August 2020 – 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 half of 2020 despite the challenging environment resulting from the COVID-19 pandemic. In the first six months of 2020, R-LOGITECH, on a consolidated basis, realized a turnover of EUR 336.9 million (up from EUR 86.9 million for the first half of 2019) with an EBITDA of EUR 58.1 million (up from EUR 11.5 million in the first half of 2019).

R-LOGITECH’s liquidity position is strong, with a cash position of EUR 75.5 million and available unutilized long-term committed working capital lines of a further EUR 27 million.

The business performance is very satisfactory and R-LOGITECH confirms its expectations of a strong full year 2020 with revenues and EBITDA significantly above 2019 levels.

During the first half of 2020, R-LOGITECH managed to remain fully operational in all its locations across Europe, Africa and China, helping to maintain the critical supply chains that are essential for delivering key commodities to the respective markets, and thereby helping in the fight against COVID-19.

The detailed half-year report 2020 is available for download on the website www.r-logitech.com in the bond section.

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. increases volume of its existing EUR 125 million 8.5% bond 2018/2023 by EUR 35 million

R-LOGITECH S.A.M. increases volume of its existing EUR 125 million 8.5% bond 2018/2023 by EUR 35 million

 

Monaco, 12 June 2020 – The board of directors of R-LOGITECH S.A.M., one of the leading international ports infrastructure operators and logistics services providers in the natural resources sector, resolved today to increase its EUR 125 million 8.5% corporate bond 2018/2023 (ISIN: DE000A19WVB8) by a further EUR 35 million to a total volume of EUR 160 million.

The new notes from the tap issue will be included in the Open Market at the Frankfurt Stock Exchange under an interim ISIN. After a period of 40 days (TEFRA-D), the tap notes will be merged with the existing notes 2018/2023.

The issue was fully placed with international institutional investors by Arctic Securities A. S. as sole bookrunner.

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