Clasquin : Strong volume growth during Q1 2014

Regulatory News :

Clasquin (Paris:ALCLA) :

*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.

• In Q1, the global sea freight market has increased from 3% to 4% in an environment of highly volatile freight rates.
  The global air freight market experienced 2% to 3% growth over the same period, with much more stable freight rates.

• In this context, the 14.6% increase in the number of our sea freight shipments (TEU: +6.5%) and the 6.8% increase in the number of our air freight shipments (tonnage: +13.9%) demonstrate once again our ability to outperform the market.
• The strong increase in the sea freight rates on the Asia-Europe route at the start of Q1 has however hindered the growth of our gross profit.

*Excl. Intercargo, freight forwarder with its head office in Barcelona, acquired by the group in September 2012
**Twenty Equivalent Units
*** Tons

OUTLOOK FOR 2014

Market
We are reasonably optimistic about the continuing recovery of global trade.

Clasquin
In this context and in view of the significant strengthening of our sales force that took place in 2012 and 2013 and the rise in power of our new subsidiaries (Germany, Italy, India), we anticipate considerable growth.

2014 UPCOMING EVENTS (publications issued after market closure)

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