Logwin Revises 2024 Revenue Forecast Upwards

Logwin AG has adjusted its revenue forecast for the year 2024. Initially predicting revenue levels similar to 2023's EUR 1.26 billion, the company now anticipates revenues between EUR 1.3 and 1.6 billion. This adjustment is attributed to freight rates and suggests that Logwin might meet or exceed market expectations.

Despite this positive revenue forecast, the operating result (EBITA) and the net result for 2024 are expected to fall below 2023 figures, in line with market projections. Last year's EBITA was EUR 91.7 million, and the net result was EUR 80.2 million.

These updates were disclosed according to Article 17 MAR of the EU's Regulation (EU) No 596/2014. The company's Chief Financial Officer, Axel Steiner, communicated the changes from their headquarters in Grevenmacher, Luxembourg.