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

R-LOGITECH completes acquisition of Euroports Holding

  • R-LOGITECH becomes a leading provider of infrastructure logistics for the natural resources industry

 

Monaco, 25 June 2019 – R-LOGITECH S.A.M., an international provider of infrastructure and logistics services for the natural resources industry, and the Belgian sovereign wealth funds FPIM and PMV have completed today the acquisition of Euroports Holdings S.à.r.l.

 

Euroports handles an annual 60 Mt through 26 marine terminals, six dedicated customer sites, six inland terminals, and 16 forwarding offices. About half of its seaport terminals – handling dry and liquid bulk, breakbulk and containers – are in Belgium, with Antwerp as the stronghold. The others are spread across Europe and Asia. The Group boasts an aggregate 4.8 Mt of storage capacity and 34 km total quay length and has around 3,000 employees. It includes former leading brands such as Westerlund, Manuport and Rauma Stevedoring.

 

Frédéric Platini, CEO of R-LOGITECH: “We are delighted that our consortium could close the transaction today and are looking forward to growing Euroports, through the continuation of long-term planning as well as through the implementation of additional initiatives that the incoming shareholders will realise.”

 

Euroports will benefit from the cooperation with the other subsidiaries of R-LOGITECH and the synergies that its shareholder Monaco Resources Group will realise in view of volumes and product flows. Euroports will see significant growth especially in view of profitability over the next years.

 

As a result of the acquisition, R-LOGITECH becomes one of the leading providers of infrastructure and logistics for the natural resources industry with more than 40 ports and terminals, 4,500 employees and operations in more than 30 countries.

 

 

About R-LOGITECH S.A.M.:

R-LOGITECH is an international infrastructure and logistics service provider 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: Acquisition of Euroports Holdings S.à.r.l. approved by EU Commission

Monaco, 29 May 2019 – R-LOGITECH S.A.M., an international provider of logistics and technology solutions for global supply chain management, and its co-investors were informed today that an unconditional approval by the EU Commission for the acquisition of Euroports Holdings S.à.r.l. has been granted. The announcement in the relevant public register will follow shortly. The acquisition of Euroports can, therefore, be completed as planned by the end of June 2019.
The economic development of both R-LOGITECH in its core business and its future subsidiary Euroports was very pleasing in the first quarter of 2019 and was above budget.
About R-LOGITECH S.A.M.:
R-LOGITECH is an international logistics and technology services provider focused mainly on the natural resources sector. The group’s primary business lines are logistics, terminal management, technology solutions and procurement. Africa is a particular focus and the group also has European offices in Paris, Vienna, London and Monaco.
 
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.: Successful increase of the 8.5% corporate bond 2018/2023 by the maximum volume of EUR 100 million

Monaco, 6 March 2019 – R-LOGITECH S.A.M., an international provider of logistics and technology solutions for global supply chain management, has successfully completed the increase of its 8.5% corporate bond (ISIN: DE000A19WVN8). The maximum volume of EUR 100 million was placed as part of an international private placement, bringing the total volume of the bond to EUR 125 million. The increased bond will be included in the current listing on the Open Market of the Frankfurt Stock Exchange under the interim ISIN DE000A2RW772. After a period of 40 days (TEFRA-D), the bond will be merged with the regular bond.
The successful transaction was supported by BankM – Representative Office of FinTech Group Bank AG as Global Coordinator and Bookrunner and by GBR Financial Services GmbH, STX Fixed Income B.V. and The Seaport Group Europe LLP as Selling Agents.
 
About R-LOGITECH S.A.M.:
R-LOGITECH is an international logistics and technology services provider focused mainly on the natural resources sector. In the Logistics division, the company bundles the management of ports and terminals as well as logistics services, while the Technology division provides procurement solutions and maintenance. With its subsidiaries and representative offices, the Group is currently active in 20 countries.
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 (0)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 acquires Euroports Holdings S.à.r.l.

Monaco, 15 February 2019 – R-LOGITECH S.A.M., an international provider of logistics and technology solutions for global supply chain management, has agreed, via a subsidiary, to acquire Euroports Holdings S.à.r.l. together with institutional investors. Euroports is a provider of logistics solutions and operates port terminals mainly in Europe, handling more than 60 million tonnes of product per annum.
 
The transaction is subject to the usual approval of the relevant antitrust authorities.
 
About R-LOGITECH S.A.M.:
R-LOGITECH is an international logistics and technology services provider focused mainly on the natural resources sector. The group’s primary business lines are logistics, terminal management, technology solutions and procurement. Africa is a particular focus and the group also has European offices in Paris, Vienna, London and Monaco.
 
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 (0)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 revenues and earnings in 2018 • Preliminary Group revenues increase to EUR 158.3 million • Preliminary Group EBITDA improves to EUR 18.3 million • Review of options to finance further growth

Monaco, 4 February 2019 – Based on preliminary figures, R-LOGITECH S.A.M., an international specialist for strategic logistics and technology services for global merchandise flows, significantly increased its key revenue and earnings figures in the fiscal year 2018 as forecast. In addition to the first-time full consolidation of the companies acquired in 2017, strong growth in the logistics activities in Africa also contributed to this. Group revenues improved overall from EUR 40.6 million to EUR 158.3 million. Preliminary Group earnings before interest, taxes, depreciation and amortization (EBITDA) rose from EUR 12.8 million to EUR 18.3 million, while Group earnings before interest and taxes (EBIT) increased from EUR 11.7 million to EUR 14.2 million.
The preliminary consolidated balance sheet total climbed from EUR 74.6 million to EUR 92.3 million. Preliminary Group equity increased from EUR 25.9 million to EUR 36.8 million, corresponding to a preliminary Group equity ratio of 39.9% (31 December 2017: 34.6%).
The main focus in the fiscal year 2018 was on the integration of the companies acquired in 2017 and their expansion, which led to a significant increase in earnings despite substantial one-off expenses. In addition, the strategic goal of expanding the terminal business was achieved by securing four additional terminals. A further three terminals are at an advanced acquisition stage.
The audited consolidated financial statements 2018 are expected to be published in April 2019 on the company’s website at www.r-logitech.com in the “Bond” section.
In view of the positive business development, the company is currently reviewing various options to finance further growth. Against this background, BankM – representative office of FinTech Group Bank AG was commissioned to organise a management roadshow. The final financing decision will be made by the management depending on the prevailing market environment.
 
About R-LOGITECH S.A.M.:
As a strategic logistics provider for a large number of African markets, R-LOGITECH manages ports and terminals with great reliability and high efficiency. The company additionally provides various logistics, transport, technology and procurement solutions for numerous international customers. In doing so, R-LOGITECH benefits from the long-standing know-how, the technical expertise of the European branches in Paris, Vienna, London and Monaco as well as from a strong international network in agricultural and industrial goods.
 
For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 (0)89 8896906-25
linh.chung@better-orange.de
Frédéric Platini
R-LOGITECH S.A.M.
+377 97 98 67 71
investorrelations@r-logitech.com