CLASQUIN Lyon, 26 October 2017 (after market closure)
ROBUST BUSINESS VOLUMES AND GROSS PROFIT GROWTH IN Q3, IN LINE WITH H1 PERFORMANCESept 2017 9 months | Sept 2016 9 months | Sept 2017/ Sept 2016 (at current exchange rate) | Sept 2017/ Sept 2016 (at constant exchange rate) | |
CONSOLIDATED (unaudited) | ||||
Number of shipments | 181,527 | 164,223 | +10.5% | +10.5% |
Sales (€M) * | 210.3 | 165.9 | +26.8% | +27.0% |
Gross profit (€M) | 45.9 | 42.2 | 8.8% | +9.1% |
Q3 2017/ Q3 2016 |
+14.3% +25.3% |
+8.7% |
* Sales is notarelevantindicator forassessing activity inourbusiness, becauseitisgreatly impactedbychangingseaandairfreightrates, 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 arerelevant indicators.
BUSINESS REVIEW In a persistently buoyant market, Q3 saw accelerated growth across all business lines in terms of number of shipments and volumes shipped. This robust growth was mainly driven by the Group's capacity to acquire new clients and validates the ongoing expenditure designed to boost its ability to outperform the market. | |
Gross profit in the air and sea freight businesses (81% of total Group gross profit) increased by over 13% in Q3, reflecting steady unit margins. The RO/RO business (10% of Group gross profit) saw a slight decline in gross profit due to the temporary impact of a new client mix. The gross profit posted by the "Others" business line (6% of Group gross profit) was impacted by an unfavourable basis of comparison. | |
DETAILS ON ACTIVITY BY BUSINESS LINE
At current exchange rate | Number of shipments | Gross profit (€M) | ||||||
30.09.2017 | 30.09.2016 | 30.09.2017/ 30.09.2016 | Q3 2017/ Q3 2016 | 30.09.2017 | 30.09.2016 | 30.09.2017/ 30.09.2016 | Q3 2017/ Q3 2016 | |
Sea freight | 83,963 | 75,524 | +11.2% | +14.9% | 22.5 | 20.5 | +10.2% | +13.9% |
Air freight | 58,240 | 53,016 | +9.9% | +13.1% | 14.8 | 13.1 | +12.9% | +13.5% |
RO/RO* | 28,039 | 24,864 | +12.8% | +17.8% | 4.6 | 4.7 | -1.7% | -5.3% |
Others | 11,285 | 10,819 | +4.3% | +8.2% | 3.1 | 3.1 | +1,5% | -17.6% |
TOTAL OVERSEAS ACTIVITY | 181,527 | 164,223 | +10.5% | +14.3% | 45.1 | 41.3 | +9.1% | +9.0% |
Log System | 2.0 | 1.8 | +9.5% | -0.2% | ||||
Consolidation entries | -1.1 | -0.9 | NA | NA | ||||
TOTAL CONSOLIDATED | 45.9 | 42.2 | +8.8% | +8.7% | ||||
* Roll On / Roll Off
Volumes | ||||
30.09.2017 | 30.09.2016 | 30.09.2017/ 30.09.2016 | Q3 2017/ Q3 2016 | |
Sea freight | 126,822 TEUs* | 107,100 TEUs* | +18.4% | +23.6% |
Air freight | 44,537 T** | 36,438 T** | +22.2% | +16.8% |
*Twenty Equivalent Units **Tons
Q3 2017 HIGHLIGHT
The deployment of our new Transport Management System (TMS), CargoWise One (published by market leader Wisetech), is progressing according to plan.Following deployment in Milan (April) and Hong Kong (June), our Chinese subsidiary (7 offices) has now migrated to this new system.
2017 OUTLOOK
Market
Growth of more than 3-4%.
Clasquin
Growth significantly higher than market growth.
UPCOMING EVENTS (publication after market closure)
| CLASQUIN CONTACTS Philippe LONS - Deputy Managing Director and CFO Stéphanie CHALANDON - Financial Communication contact CLASQUIN Group - 235 cours Lafayette - 69006 Lyon Tél : 04 72 83 17 00 - Fax : 04 72 83 17 33 |
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. |
Clasquin SA published this content on 26 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 October 2017 16:04:04 UTC.
Original documenthttp://www.clasquin.com/download_file/1851/156
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