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

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, 11 June 2020 – R-LOGITECH S.A.M., one of the leading international ports infrastructure operators and logistics services providers in the natural resources sector, considers to increase its existing EUR 125 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 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. with positive business performance in first quarter 2020

R-LOGITECH S.A.M. with positive business performance in first quarter 2020

 

Monaco, 30 April 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 quarter (Q1) 2020 despite the challenging environment resulting from the COVID-19 pandemic.

In the first quarter 2020, R-LOGITECH on a consolidated basis realized a turnover of EUR 172 million (up from EUR 43 million in Q1 2019) with an EBITDA of EUR 25.8 million (up from EUR 5.8 million in Q1 2019).

R-LOGITECH’s liquidity position is strong, with a cash position of EUR 52 million and available unutilized long-term committed working capital lines of a further EUR 27 million.

The business performance is so far in line with budget and R-LOGITECH expects a strong full year 2020 with revenues and EBITDA significantly above 2019 levels.

During Q1 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.

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.

All necessary protective material was available in every location. The appropriate procedures and measures were also taken across every location in order to help protect the employees during this period.

Frédéric Platini, CEO of R-LOGITECH: “We are pleased that our business model has proven to be resilient under extreme circumstances and 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 with significant increase in revenue and earnings in 2019

  • Preliminary consolidated revenue increases by 166% to EUR 427.6 million
  • Preliminary consolidated EBITDA improves by 222% to EUR 60.3 million

 

Monaco, 13 February 2020 – 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 2019 as forecast. The pro rata consolidation of the Euroports Group, acquired in June 2019, and growth in Africa contributed to this.

Consolidated revenue increased from EUR 160.9 million to EUR 427.6 million. Preliminary consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose from EUR 18.7 million to EUR 60.3 million. Consolidated earnings before interest and taxes (EBIT) amounted to EUR 7,4 million (2018: EUR 15.0 million) due to non-cash depreciation and amortization in connection with the Euroports acquisition.

Preliminary consolidated equity rose from EUR 32.8 million to EUR 483.9 million, corresponding to a preliminary consolidated equity ratio of 29.5% (31 December 2018: 39.9%). Cash and cash equivalents amounted to EUR 66.3 million as of 31 December 2019 (31 December 2018: EUR 11.5 million).

R-LOGITECH has developed into one of the leading port infrastructure and logistics service providers in the natural resources sector by acquiring a majority stake in the Euroports Group and expanding its activities in Africa. The company currently operates more than 40 ports and terminals, employs more than 4,500 people and is active in 30 countries. Due to the first-time full consolidation of the Euroports Group in 2020 and the projects already being implemented, revenue and earnings will again increase significantly in the current fiscal year.

The audited consolidated financial statements for 2019 are expected to be published in April 2020 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
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. improves EBITDA to EUR 11.5 million in the first half of 2019

  • Euroports has been consolidated since 1 July 2019

 

Monaco, 8 August 2019 – R-LOGITECH S.A.M, an international provider of infrastructure and logistics services with its main focus on the natural resources sector, can look back on a satisfactory first half of 2019. On a comparable basis, consolidated revenue increased by 54.1% from EUR 56.4 million to EUR 86.9 million. The operating result (EBITDA) increased by 30.7 % from EUR 8.8 million to EUR 11.5 million.

 

The acquisition of Euroports Holdings S.à.r.l. was successfully completed at the end of June 2019. The company has been fully consolidated since 1 July 2019. As a result, a significant increase in revenue and EBITDA at R-LOGITECH is already expected for 2019.

 

The consolidated financial statements for the first half of 2019 can be downloaded from the company’s website at www.r-logitech.com in the “Bond” section.

 

 

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
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