CLASQUIN: Q3 2021: Strong growth in activity

Increase in gross profits (+ 61.8%)

LYON, France, October 28, 2021– (BUSINESS WIRE) – Regulatory news:

CLASQUIN (Paris: ALCLA):

9 months

T3

T2

T1

Sep 2021

9 months

Sep 2020

9 months

Change in the current
scope and exchange. rates

Like for like (lfl)

**

30 09 21 /

30 09 19

Q3 2021 / Q3 2020

Q2 2021 / Q2 2020

Q1 2021 / Q1 2020

CONSOLIDATED (unaudited)

Number of shipments

220,455

182,448

+ 20.8%

+ 20.8%

+ 9.0%

+ 14.1%

+ 41.1%

+ 10.9%

Sales (€ m) *

498.8

279.2

+ 78.7%

+ 78.7%

+ 107.5%

+ 109.6%

+ 68.6%

+ 54.9%

Gross profit (€ m)

83.4

55.6

+ 50.0%

+ 49.0%

+ 49.9%

+ 61.8%

+ 50.1%

+ 36.8%

* Reminder: The turnover is not a relevant indicator to assess the activity of our business, because it is strongly impacted by the evolution of sea and air freight rates, fuel surcharges, exchange rates ( especially compared to $), etc. The variations in the number of shipments, the volumes shipped and, in view of the Group’s finances, the gross margin are relevant indicators.
** lfl: at constant exchange rates excluding the acquisition of Transports Petit International

REVIEW OF THE MARKET AND ACTIVITIES

The market conditions encountered in H1 2021 were maintained in Q3 2021 due to a very serious disturbance supply chains around the world: congestion at port entrances, lengthened delivery times, lack of truck drivers, scarcity of containers, lack of space on board ships. The same unfavorable situation applied to air cargo, as a large part of the long-haul passenger flights used to carry the bulk of air cargo were still stranded.

This underlying context has been aggravated by economic disruption such as:

  • partial closure of the port of Ningbo (China) for 2 weeks in August

  • the slowdown in operations (50%) at Shanghai airport for several weeks from the end of August due to COVID cases among handling staff.

From where, sea ​​freight rate were kept at very high levels.

Air freight rates, eased slightly in early summer, but very strongly bullish from the end of August.

In this highly disrupted economic environment, and despite a less favorable base effect than in H2, the Group experienced a significant increase in volumes shipped in Q3 (TEU: up 6.9% / Tonnage: up 13.6%) and in the number of his expeditions (+ 14.1%).

Roll On / Roll Off * volume (North Africa and Turkey) also increased by 10.9% in number of shipments.

The gross margin, the first financial indicator of the Group’s commercial performance, soared 61.8% in the 3rd quarter to reach € 31.5 million (+ 50.0% over the first 9 months).

As highlighted in the report published for Q2, this very strong growth in gross margin is due to the following factors:

  • strong growth in the Group’s core business

  • substantial market share gains, themselves attributable to:

    • The relevance and quality of the offer (PO Management, digital offers, air charter, block trains from China, rental of sea containers, etc.)

    • The energy and commitment of our sales force

  • the realization of development projects or acquisitions (Impact: + 9.7% in Q3 / + 6.5% at the end of September):

    • The acquisition in January of the Colombus Transit activity in Spain

    • Creation of CLASQUIN Belgium in April and acquisition by the latter of the international activity of Interlines Belgium

    • 55.56% stake in Transports Petit International in June

  • UUnprecedented market conditions resulting in:

    • A very sharp increase in freight rates

    • Increased complexity in processing shipments

    • A significant expansion of the workforce since the start of the year to support the growth in volumes and the diversification of customer support solutions

    • Strong growth in working capital requirement (with revenue doubled in Q3 2021)

* Roll-on / roll-off: combined road + sea transport (trailers or trucks loaded on ships)

BREAKDOWN BY BUSINESS LINE

NUMBER OF SHIPMENTS

GROSS RESULT (€ m)

At the current perimeter

and exchange rate

09/30/21

09/30/20

30 09 21 /

09/30/20

30 09 21 /

30 09 19

Q3 2021 /

Q3 2020

09/30/21

09/30/20

30 09 21 /

30 09 20

30 09 21 /

30 09 19

Q3 2021 /

Q3 2020

Sea freight

103 120

86 810

+ 18.8%

+ 18.6%

+ 8.1%

45.8

25.7

+ 78.3%

+ 85.1%

+ 94.1%

Air freight

58,272

47 879

+ 21.7%

-6.4%

+ 21.0%

23.5

19.4

+ 20.6%

+ 28.7%

+ 19.5%

RORO *

33,099

27,434

+ 20.6%

-4.5%

+ 10.9%

6.6

4.9

+ 33.4%

+ 4.5%

+ 32.9%

Other

25 964

20,325

+ 27.7%

+ 41.1%

+ 28.9%

5.8

3.9

+ 48.6%

+ 21.9%

+ 125.2%

TOTAL OVERSEAS ACTIVITIES

220,455

182,448

+ 20.8%

+ 9.0%

+ 14.1%

81.6

53.9

+ 51.3%

+ 51.1%

+ 64.1%

Journal System

2.2

2.2

+ 0.6%

-5.4%

-8.5%

Consolidation postings

(0.4)

-0.5

N / A

N / A

N / A

TOTAL CONSOLIDATED

83.4

55.6

+ 50.0%

+ 49.9%

+ 61.8%

* Roll-on / roll-off

VOLUMES

09/30/2021

09/30/2020

30 09 2021 /

30 09 2020

30 09 2021 /

30 09 2019

Q3 2021 /

Q3 2020

Sea freight

200,808 TEU *

167,469 TEU *

+ 19.9%

+ 24.0%

+ 6.9%

Air freight

48,763 T **

40,948 T **

+ 19.1%

+ 6.2%

+ 13.6%

* Units equivalent to twenty feet
** Tons

HIGHLIGHTS FOR Q3 2021

OUTLOOK 2021

Marlet

International trade estimates (in volume): up 10.8% (WTO 10/04/2021)

Sea freight market estimates (in volume): up 5 to 7%
Air freight market estimates (in volume): up 7 to 9%

CLASQUIN

Business forecasts: growth well above that of the market

EVENTS TO COME (post-sale publication closing)

Activity report Q4 2021

Results for fiscal year 2021

Activity report for the 1st quarter of 2022

CLASQUIN is a specialist in air and sea transport commission and overseas logistics. The Group designs and manages the entire overseas transport and logistics chain, organizing and coordinating the flow of customer shipments between France and the rest of the world and more particularly to and from Asia-Pacific, America North, North Africa and Sub-Saharan Africa. Africa.
Its shares are listed on EURONEXT GROWTH, ISIN FR0004152882, Reuters ALCLA.PA, Bloomberg ALCLA FP. Read more on www.clasquin.com.
CLASQUIN confirms its eligibility for the ESM share savings plan in accordance with article D221-113-5 of the Monetary and Financial Code established by decree n ° 2014-283 of March 4, 2014 and article L221-32 – 2 of the Monetary and Financial Code which sets the eligibility conditions (less than 5,000 employees and annual turnover less than € 1,500 million or total balance sheet less than € 2,000 million).
CLASQUIN is listed in the Enternext © PEA-PME 150 index.
LEI: 9695004FF6FA43KC4764

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211028005973/en/

Contacts

CLASQUIN

Philippe LONS – Deputy CEO / CFO
Domitille CHATELAIN – Group International Communication & Marketing Manager

CLASQUIN Group – 235 cours Lafayette – 69006 Lyon
Phone. : 04 72 83 17 00 – Fax: 04 72 83 17 33

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