May 5 - The Logwin Group has reported revenues of EUR278.5 million (USD386.5 million) for the first quarter of 2014, a significant decrease on the EUR320.7 million (USD445million) achieved in the same period of 2013, which the company says is due to dives
Despite this significant decrease, the operating result (EBIT) of EUR 8.0 million (USD11.1 million) matched last year's level. The operating margin improved to 2.9 percent.
The company's Air + Ocean business segment generated revenues of EUR151.3 million (USD210 million) in the first quarter of 2014, slightly above the figure for the same period of 2013 (EUR148.9 million (USD206.6 million).
For the full year 2014, Logwin Group says it expects an improved result against the prior year despite the volatile market environment and one-time expenses for measures aiming at improving profitability.