Regulatory News:

Clasquin (Paris:ALCLA):

  Year

2013

   Year

2012

 

Chg at
current
exchange
rate vs 2012

  

Chg at
constant
exchange
rate vs 2012

    

Q4 2013 VS
Q4 2012

CONSOLIDATED

(unaudited accounts)

Number of shipments*   156,375   146,324   +6.9%   +6.9%+8.4%
Sales (?M)**   198.1   184.6   +7.3%   +10.7% +4.6%
Gross profit (?M)   47.4   45.1   +5.1%   +7.3%+3.6%

*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.

  • After a phase of business slowing down in 2012 that continued in the 1st half of 2013, world trade resumed slight growth in the second half of 2013, finally resulting in annual growth of 2.9% over the whole year (source: FMI).
  • In this environment, after a difficult start to the year, Clasquin saw a business recovery in the 3rd quarter that was confirmed in the 4th quarter.

Supported by the drive of its sales teams, the group finished the year with strong growth, both in the number of shipments (up 8.4% in Q4) and in volumes carried (Q4: up 9.7% in sea freight (TEU) and up 13.8% in air freight (tonnage)).

  • Sea freight rates on the Asia-Europe route experienced a highly volatile year and finished with strong growth (x 2.4 between September and December).

Air freight rates remained very stable.

DETAILS ON ACTIVITY BY BUSINESS LINE

  NUMBER OF SHIPMENTS   GROSS PROFIT (in ?M)
At current exchange rate 31.12.2013   31.12.2012   31.12.2013 /

31.12.2012

   Q4 2013 /

Q4 2012

31.12.2013   31.12.2012   31.12.2013 /   Q4 2013 /

Q4 2012

31.12.2012
Sea freight   81,595   73,487   + 11.0%   + 11.7%   20.6   18.5   + 11.3%   + 7.6%
Air freight   61,275   59,896   + 2.3%   + 5.2%   15.7   16.2   - 3.4%   + 0.7%
Other 13,505 12,941 + 4.4% + 5.1% 3.3 2.9 + 12.8% - 0.2%
TOTAL OVERSEAS

ACTIVITY

156,375 146,324+ 6.9%+ 8.4% 39.6 37.7+ 5.1%+ 4.0%
Log System 2.4   2.3   + 4.0%   - 10.7%
Gueppe-Clasquin 6.8   6.4   + 6.3%   + 8.0%
Consolidation entries - 1.4 -1.3 NS NS
CONSOLIDATED 47.4 45.1+ 5.1%+ 3.6%
  VOLUMES*
31.12.2013   31.12.2012   31.12.2013 /

31.12.2012

   Q4 2013 /

Q4 2012

Sea freight : TEU's

(Twenty Feet Equivalent Units)

  85,138   84,895   + 0.3% + 9.7%
Air freight: Tons   44,792   41,659   + 7.5% + 13.8%

* *Excluded Intercargo, freight forwarder with its Head office in Barcelona, acquired by the Group in 2012.

2014 UPCOMING EVENTS(publications issued after market closure)

  • Wednesday 19 March 2014 : 2013 Results
  • Wednesday 7 May 2014 : Business report as of 31 March 2014
  • Thursday 28 August 2014 : Business report as of 30 June 2014
  • Wednesday 17 September 2014 : 2014 Half year results
  • Thursday 30 October 2014 : Business report as of 30 September 2014

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.clasquin.com or www.clasquinfinance.com

CLASQUIN
Yves Revol ? Chairman and CEO
Philippe Lons ? Deputy Managing Director and CFO
Stéphanie CHALANDON ? Financial Reporting and Logistics Manager
Tel.: 04 72 83 17 00 ? Fax: 04 72 83 17 33 ? Email: finance@clasquin.com