10/28/2021 | Press release | Distributed by Public on 10/28/2021 10:52
28 Oct 2021 18:48 CEST
CLASQUIN
FR0004152882
Euronext Growth
ALCLA
Gross Profit Surges (+61.8%)
Regulatory News:
CLASQUIN (Paris:ALCLA):
9 months |
Q3 |
Q2 |
Q1 |
||||||
Sept 2021 9 months |
Sept 2020 9 months |
Change at current |
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: 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.
** lfl: at constant exchange rates excluding the acquisition of Transports Petit International
MARKET AND BUSINESS REVIEW
Market conditions experienced in H1 2021 persisted in Q3 2021 on account of a very severe disruptionof logistical chains worldwide: congestion at port entrances, lengthened delivery times, the lack of truck drivers, scarcity of containers, lack of space aboard ships. The same adverse situation applied for air freight, as a large proportion of long-haul passenger flights used to carry most of the air freight cargo were still grounded.
This underlying context was worsened by economic disturbances such as:
Hence, sea freight rates were maintained at very high levels.
Air freight rates, eased slightly in early summer, but turned very sharply upwards from late August onwards.
Against this heavily disrupted business environment, and despite a less favourable base effect than in H2, the Group saw in Q3 a sizeable increase in volumes shipped (TEU: up 6.9% / Tonnage: up 13.6%) and in the number of its shipments (up 14.1%).
Roll On / Roll Off* volume (North Africa and Turkey) also grew by 10.9% in number of shipments.
Gross profit, the prime financial indicator of the Group's business performance, soared a dramatic 61.8% in Q3, to reach € 31.5m (rising 50.0% over the first 9 months).
As pointed out in the published report for Q2, this very strong growth in gross profit is due to the following factors:
* Roll-on/roll-off: combined road + sea transport (trailers or trucks loaded on ships)
BREAKDOWN BY BUSINESS LINE
NUMBER OF SHIPMENTS |
GROSS PROFIT (€m) |
|||||||||
At current scope and exchange rates |
30/09/21 |
30/09/20 |
30 09 21/ 30/09/20 |
30 09 21/ 30 09 19 |
Q3 2021/ Q3 2020 |
30/09/21 |
30/09/20 |
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 BUSINESS |
220,455 |
182,448 |
+20.8% |
+9.0% |
+14.1% |
81.6 |
53.9 |
+51.3% |
+51.1% |
+64.1% |
Log System |
2.2 |
2.2 |
+0.6% |
-5.4% |
-8.5% |
|||||
Consolidation entries |
(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 |
|||||
30/09/2021 |
30/09/2020 |
30 09 2021/ 30 09 2020 |
30 09 2021/ 30 09 2019 |
Q3 2021/ Q3 2020 |
|
Sea freight |
200,808 TEUs* |
167,469 TEUs* |
+19.9% |
+24.0% |
+6.9% |
Air freight |
48,763 T** |
40,948 T** |
+19.1% |
+6.2% |
+13.6% |
* Twenty-foot equivalent units
** Tons
Q3 2021 HIGHLIGHT
2021 OUTLOOK
Market
International trade estimates (by volume): up 10.8% (WTO 04/10/2021)
Sea freight market estimates (by volume): up 5-7%
Air freight market estimates (by volume): up 7-9%
CLASQUIN
Business forecast: Largely outperforming market growth
UPCOMING EVENTS (publication after-market closure)
|
Q4 2021 business report FY 2021 results Q1 2022 business report |
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, North America, North Africa and sub-Saharan Africa.
Its shares are listed on EURONEXT GROWTH, ISIN FR0004152882, Reuters ALCLA.PA, Bloomberg ALCLA FP. Read more at www.clasquin.com.
CLASQUIN confirms its eligibility for the 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 €1,500m or balance sheet total of less than €2,000m).
CLASQUIN is listed on the Enternext© PEA-PME 150 index.
LEI: 9695004FF6FA43KC4764
View source version on businesswire.com: https://www.businesswire.com/news/home/20211028005973/en/
CLASQUIN
Philippe LONS - Directeur général délégué/Directeur financier
Domitille CHATELAIN - Group Head of Communication & International Marketing Executive
Groupe CLASQUIN - 235 cours Lafayette - 69006 Lyon
Tél. : 04 72 83 17 00 - Fax : 04 72 83 17 33
CLASQUIN
BusinessWire