Regulatory News:

Clasquin (Paris:ALCLA):

             
30.09.2015 30.09.2014 Change at current exchange rateChange 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 -1.1NS 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