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CLASQUIN — Earnings Release 2013
Feb 20, 2014
1205_iss_2014-02-20_00e35904-dd35-42b0-aaff-2eb617a5eaad.pdf
Earnings Release
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www.clasquinfinance.com Financial/press/release
Lyon/20/February/2014 (after/market/closure)
The/4th/quarter/confirms/the/recovery/of/business/ activity/observed/in/Q3
2013/Number/of/shipments:+/6.9/%/(Q4:/+/8.4/%) 2013/Gross/profit:/+/5.1/%/(Q4:/+/3.6%)
| 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!GueppeAClasquin,!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\$/\$\$ 31.12.2012 |
Q4!2013!/ Q4!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 | \$\$\$\$\$\$\$I\$3.4% | +!0.7% |
| Other | 13,505 | 12,941 | +\$4.4% | +!5.1% | 3.3 | 2.9 | +\$12.8% | A!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% | A!10.7% | ||||
| GueppeXClasquin | 6.8 | 6.4 | +\$6.3% | +!8.0% | ||||
| Consolidation!entries | ?/1.4 | X1.3 | 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!AsiaAPacific!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
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CLASQUIN CONTACTS
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:[email protected]