Clasquin : 2018 - Q1 business report.pdf

Lyon, 26 April 2018 (after-market closure)

BOOMING GROWTH CONTINUES IN Q1 2018

CONSOLIDATED (unaudited)

Number of shipments

Sales (€M) *

Gross profit (€M)

*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

At constant exchange rates, consolidated gross

profit was up nearly 20% in Q1 2018, an organic

growth rate not achieved since 2008 (except for

the catch-up in 2010).

Air freight unit margins rose by nearly 15% due

to favourable market conditions and a few non-

recurring operations.

On the other hand, sea freight unit margins fell

nearly 7%, mainly due to the exceptional

performance last year.

5 continents - 20 countries - 62 offices - 5 continents - 20 countries - 62 offices - 5 continents

DETAILS ON ACTIVITY BY BUSINESS LINE

At current exchange rate

Q1 2017

Sea freight

39,779 EVP*(1)

Air freight

RO/RO***

13,223 T**

Others (2)

25,048 17,480 9,777 3,415

+14.4% +8.3% +10.1% +63.5%

7.0

4.6

1.7

1.0

TOTAL OVERSEAS ACTIVITY

LOG System

Consolidation entries

TOTAL CONSOLIDATED

0.7

-0.5

(1): included groupage containers

(2): includes in Q1 2018 the 2 new « Fairs & Events » and « Road Brokerage » activities for 560 and 805 shipments respectively *: Twenty Feet Equivalent Units **: Tons ***: Roll On / Roll Off

Q1 2018 HIGHLIGHTS

• • Opening of a new subsidiary, Clasquin Fairs & Events, in January 2018 in France with a partner specialist of the sector and a staff of four. Company specializing in international transport and logistics in relation to trade fairs and exhibitions.

  This opening is in keeping with the Group's strategy of developing its business in niche markets such as the fine arts market covered by Art Shipping, a company acquired in 2016.

  Positive earnings expected from 2018.

• • Acquisition of COSMOS consultants, an international trade and customs management software publisher, in January 2018 by Group IT subsidiary LOG System. Sales > €300,000 to around thirty key accounts.

• • Creation of a subsidiary in Tunisia by LOG System to serve as a development platform specializing in Microsoft solutions and provide Business Process Outsourcing (BPO) solutions.

• • Continued

  deploymentoftheCargowiseOneTMS

  withroll-outatClasquinFrance.

• • Preparation of next generation of finance software (accounting, reporting, planning, consolidation) for deployment in 2019.

• • Continued revamping at the subsidiaries undergoing restructuring (primarily Clasquin Germany and ECS US).

5 continents - 20 countries - 62 offices - 5 continents - 20 countries - 62 offices - 5 continents

2018 OUTLOOK

Market

Estimated volume growth:

• • Sea > 5%

  (source IHS Global Insight. August 2017)

• • Air > 4%

  (source IATA. December 2017)

Clasquin

Growth significantly higher than market growth.

UPCOMING EVENTS (publication after-market closure)

•  Combined Annual General MeetingThursday 7 June 2018:

  

  Thursday 30 August 2018:

•  Wednesday 19 September 2018:



Thursday 25 October 2018:Business report as at 30 June 2018 2018 Half year results

Business report as at 30 September 2018

CLASQUIN CONTACTS

Philippe LONS - Deputy Managing Director/Group CFO Domitille CHATELAIN - Group Head of Communication

CLASQUIN Group - 235 cours Lafayette - 69006 Lyon Tel : +33(0)4 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 EURONEXT GROWTH, ISIN FR0004152882, Reuters ALCLA.PA, Bloomberg ALCLA FP. For more information, seewww.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.

5 continents - 20 countries - 62 offices - 5 continents - 20 countries - 62 offices - 5 continents