DGAP-News: R-LOGITECH S.A.M. with strong business performance in first quarter 2021
b'The issuer is solely responsible for the content of this announcement.\nMonaco, 5 May 2021 - R-LOGITECH S.A.M., one of the leading international ports infrastructure operators and logistics services providers in the natural resources sector, had a successful first quarter (Q1) 2021 despite a continuing challenging environment resulting from the COVID-19 pandemic.\nR-LOGITECH\'s liquidity position is strong, with a cash position of EUR 81.6 million and available unutilized long-term committed working capital lines of a further EUR 40.4 million.\nThe business performance is above budget and R-LOGITECH expects a strong full year 2021 with revenues and EBITDA above 2020 levels.\nR-LOGITECH is focused on handling essential commodities (fresh food, agribulk, fertilizer, sugar, paper and pulp) and its facilities are primarily dedicated to bulk and break bulk handling worldwide.\nR-LOGITECH had increased volumes in Europe, China and Africa and could expand all of its business lines.\nFr\xc3\xa9d\xc3\xa9ric Platini, CEO of R-LOGITECH: "We are pleased that our business model has again proven to be resilient under challenging circumstances and thank all our employees, clients and stakeholders for their outstanding contribution and support.
- b'The issuer is solely responsible for the content of this announcement.\nMonaco, 5 May 2021 - R-LOGITECH S.A.M., one of the leading international ports infrastructure operators and logistics services providers in the natural resources sector, had a successful first quarter (Q1) 2021 despite a continuing challenging environment resulting from the COVID-19 pandemic.\nR-LOGITECH\'s liquidity position is strong, with a cash position of EUR 81.6 million and available unutilized long-term committed working capital lines of a further EUR 40.4 million.\nThe business performance is above budget and R-LOGITECH expects a strong full year 2021 with revenues and EBITDA above 2020 levels.\nR-LOGITECH is focused on handling essential commodities (fresh food, agribulk, fertilizer, sugar, paper and pulp) and its facilities are primarily dedicated to bulk and break bulk handling worldwide.\nR-LOGITECH had increased volumes in Europe, China and Africa and could expand all of its business lines.\nFr\xc3\xa9d\xc3\xa9ric Platini, CEO of R-LOGITECH: "We are pleased that our business model has again proven to be resilient under challenging circumstances and thank all our employees, clients and stakeholders for their outstanding contribution and support.
- We expect a strong full year 2021 in terms of volume and profitability and have a significant project- and deal pipeline.
- "\nR-LOGITECH is one of the leading international ports infrastructure operators and logistics services providers in the natural resources sector.
- The Group\'s primary business lines are port and terminal management, logistics and technology solutions.\nR-LOGITECH is a subsidiary of Monaco Resources Group S.A.M.\n'