29.10.2015 19:32:00
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Clasquin: Marked growth in Q3, in line with H1
Regulatory News:
Clasquin (Paris:ALCLA):
30.09.2015 | 30.09.2014 | Change at current exchange rate | Change at constant exchange rate |
Q3 2015 /
Q3 2014 |
||||||
CONSOLIDATED (unaudited*) | ||||||||||
Number of shipments** | 152,002 | 123,260 | + 23.3 % | + 23.3 % | + 25.4 % | |||||
Sales (€m) *** | 177.7 | 148.2 | + 19.9 % | + 13.7 % | + 13.0 % | |||||
Gross profit (€m) | 45.8 | 35.6 | + 28.6 % | + 23.1 % | + 29.4% |
* Excluding Gueppe-Clasquin, a subsidiary (70% ownership) specialised
in road haulage, freighting and logistics.
**Note: Sales
is not a relevant indicator for assessing activity in our business,
because it is greatly impacted by changing sea and air freight rates,
fuel surcharges, exchange rates (especially versus the $), etc.
Variations in the number of shipments, the volumes shipped and—in terms
of the Group's finances—gross profit are relevant indicators.
The very strong growth in the number of shipments in Q3 (+25.4%) arose from sustained organic growth (+6.4%) and the acquisitions made in Q4 2014 (ECS & GAF) and in Q2 2015 (LCI) (+19.0%).
Gross Profit increased 29.4% in Q3.
Organic growth was 11.2% (7.0% at constant exchange rates).
Acquisitions contributed 18.2% to the increase.
DETAILS ON ACTIVITY BY BUSINESS LINE
NUMBER OF SHIPMENTS | GROSS PROFIT (in €m) | |||||||||||||||
At current exchange rate | 30.09.2015 | 30.09.2014 |
30.09.2015 / 30.09.2014 |
Q3 2015 /
Q3 2014 |
30.09.2015 | 30.09.2014 |
30.09.2015 / 30.09.2014 |
Q3 2015 /
Q3 2014 |
||||||||
Sea freight | 73,864 | 66,754 | + 10.7 % | + 12.0 % | 20.7 | 15.8 | + 30.9 % | + 29.6 % | ||||||||
Air freight | 51,604 | 46,283 | + 11.5 % | + 10.8 % | 14.1 | 11.5 | + 23.3 % | + 15.1 % | ||||||||
Other | 26,534* | 10,223 | + 159.6 % | + 178.3 % | 5.2* | 2.4 | + 117.9 % | + 181.1 % | ||||||||
TOTAL OVERSEAS ACTIVITY | 152,002 | 123,260 | + 23.3 % | + 25.4 % | 40.0 | 29.7 | + 35.0 % | + 35.3 % | ||||||||
Log System | 1.8 | 1.9 | - 3.5 % | - 10.1 % | ||||||||||||
Gueppe-Clasquin | 5.1 | 5.1 | - 0.5 % | + 2.7 % | ||||||||||||
Consolidation entries | - 1.1 | -1.1 | NS | NS | ||||||||||||
TOTAL CONSOLIDATED | 45.8 | 35.6 | + 28.6 % | + 29.4 % |
* The strong growth in "Other" activity is linked to the acquisition of LCI: number of shipments for 6 months (April/September): 15,112; GP for 6 months: €3.1 m.
VOLUMES | ||||||||
30.09.2015 | 30.09.2014 | 30.09.2015 / 30.09.2014 | Q3 2015 / Q3 2014 | |||||
Sea freight : TEUs (Twenty Equivalent Units) | 90,458 | 76,484 | + 18.3 % | + 23.8 % | ||||
Air freight : Tons | 33,889 | 33,748 | + 0.4 % | - 3.4 % |
HIGHLIGHT OF THE FIRST NINE MONTHS
Since 31 March 2015 CLASQUIN has held 80% of the capital in FINANCIERE LCI, a company which acquired 100% of the capital in LCI INTERNATIONAL.
LCI INTERNATIONAL is a company specialising in freight forwarding between France and Northern Africa & Turkey.
LCI INTERNATIONAL has 3 sites in France (Villefranche sur Saône (69), La Crèche (79) and Vitrolles (13)) and 3 subsidiaries and interests in Tunisia.
This transaction shall increase earnings per share and have a positive effect on profitability from this year.
2015 OUTLOOK
Market:
Growth estimated at +/- 3% in volume.
Clasquin:
Confirmed guidance: very, very significant growth in business and profit.
UP COMING EVENTS (publication issued after market closure)
- Thursday 18 February 2016 : Business report as at 31 December 2015
- Wednesday 16 March 2016 : 2015 Annual results
- Thursday 28 April 2016 : Business report as at 31 March 2016
- Thursday 25 August 2016 : Business report as at 30 June 2016
- Wednesday 21 September 2016 : 2016 Half year results
- Thursday 27 October 2016 : Business report as at 30 September 2016
Clasquin is an air and sea freight forwarding and overseas logistics specialist. The Group designs and manages the entire overseas transport and logistics chain, organising and coordinating the flow of client shipments between France and the rest of the world, and more specifically to and from Asia-Pacific and the United States. Its shares are listed on Alternext Paris, ISIN FR0004152882, Reuters ALCLA.PA, Bloomberg ALCLA FP. For more information, see www.clasquinfinance.com. CLASQUIN confirms its eligibility for the new share savings plan for MSCs (medium-sized companies) in accordance with Article D221-113-5 of the French Monetary and Financial Code established by decree number 2014-283 of 4 March 2014 and with Article L221-32-2 of the French Monetary and Financial Code which set the conditions for eligibility (less than 5,000 employees and annual sales of less than 1,500 million euros or total balance sheet of less than 2,000 million euros). Clasquin is part of Enternext©PEA-PME 150 index |
View source version on businesswire.com: http://www.businesswire.com/news/home/20151029006512/en/
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