http://www.businesswire.com/news/home/20091112005949/en
Business picks up in Q3 - number of shipments down 6.1% vs. Q3 2008
Gross profit down 17.4% vs. Q3 2008
LYON, France--(Business Wire)--
Regulatory News:
Clasquin (Paris:ALCLA):
Q3 2009 Q3 2008 Change at 30.09.2009 30.09.2008 Change at Change at
current current constant
exchange exchange exchange
rates rates rates
CONSOLIDATED (unaudited)
Sales (€m) 28.1 42.5 -33.9% 80.2 114.4 -29.9% -32.0%
Gross profit (€m) 8.2 9.9 -17.4% 24.7 27.3 -9.4% -11.1%
Excluding Gueppe-Clasquin
Number of shipments 28,261 30,085 -6.1% 81,463 90,733 -10.2% -10.2%
Sales (€m) 25.7 40.2 -36.1% 73.2 107.7 -32.0% -34.2%
Gross profit (€m) 6.6 8.2 -19.4% 20.0 22.4 -10.4% -12.5%
Of which Gueppe-Clasquin
Sales (€m) 2.4 2.3 +5.0% 7.0 6.7 +4.3% +4.3%
Gross profit (€m) 1.6 1.7 -7.5% 4.7 4.9 -4.8% -4.8%
N.B.: A 70% stake in Gueppe-Clasquin, the subsidiary specialising in road
haulage and logistics, was acquired in January 2008.
After falling significantly in H1 (with around a 20-25% fall in air freight and
a 10-15% drop in sea freight), the sector as a whole has picked up significantly
since September 2009.
As far as Clasquin is concerned, after a 12.1% fall in volumes in H1 2009
relative to 2008, the Q3 number of shipments improved significantly, with
September 2009 seeing business return to September 2008 levels.
Gross profit was down 17.4% in Q3 2009 relative to Q3 2008 due to continuing
severe competitive pressure and an unfavourable base effect linked to very high
gross profit in H2 2008.
Irrespective of this fall, it should be noted that Clasquin successfully
maintained its gross profit margin per shipment between Q2 and Q3 2009.
Activity by business area
NUMBER OF SHIPMENTS GROSS PROFIT (€m)
At current exchange rates 30.09.2009 30.09.2008 Change 30.09.2009 30.09.2008 Change
Sea freight 38,032 39,031 -2.6% 9.2 10.0 -7.5%
Air freight 36,933 46,260 -20.2% 8.9 10.8 -17.3%
Other 6,498 5,442 +19.4% 1.4 1.1 +28.2%
TOTAL 1 81,463 90,733 -10.2% 19.5 21.9 -10.6%
Gueppe-Clasquin 4.7 4.9 -4.8%
Log System 1.1 1.0 +3.3%
Consolidation entries -0.6 -0.5 NA
CONSOLIDATED TOTAL 24.7 27.3 -9.4%
Due to the crisis environment, air freight (down 20.2%) suffered as a result of
significant volumes being transferred to sea freight (down 2.6%).
Geographical distribution of activity
NUMBER OF SHIPMENTS GROSS PROFIT (€m)
At constant exchange rates 30.09.2009 30.09.2008 Change 30.09.2009 30.09.2008 Change
France 32,007 35,603 -10.1% 11.4 12.8 -10.9%
Europe (excl. France) 4,410 5,061 -12.9%% 1.5 1.7 -10.0%
Asia-Pacific 39,736 43,528 -8.7% 6.3 7.3 -12.9%
North America 5,301 6,532 -18.8% 1.3 1.3 -6.4%
Consolidation entries NA N/A NA -1.4 -1.2 NA
TOTAL 1 81,463 90,733 -10.2% 19.1 21.9 -12.7%
Gueppe-Clasquin 4.7 4.9 -4.8%
Log System 1.1 1.0 +3.3%
Consolidation entries -0.6 -0.5 NA
CONSOLIDATED TOTAL 24.3 27.3 -11.1%
N.B.: The above data are given at constant exchange rates, in order to compare
performance by geographical region restated for currency impacts.
2009 outlook confirmed
The recovery in business in terms of numbers of shipments is now absolutely
real, and should have an increasing positive impact in Q4 2009.
Confirmation of our press release dated 24 September 2009:
* Number of shipments in 2009: estimated 8-9% fall vs. 2008
* 2009 gross profit: over €33m (i.e. around a 10% fall vs. 2008)
* H2 2009 Current Operating Income: significantly higher than H1 2009
Key events in 2010 (all publications issued after market closure)
* 17 February 2010 : Sales and gross profit to 31 December 2009
* 23 March 2010 : 2009 net profit/loss
* 13 May 2010 : Sales and gross profit to 31 March 2010
* 1 September 2010 : Sales and gross profit to 30 June 2010
* 22 September 2010 : 2010 H1 net profit/loss
* 15 November 2010 : Sales and gross profit to 30 September 2010
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, Italy,
Spain, Germany and the rest of the world, and more specifically to and from
Asia-Pacific and the United States.
Its shares are listed on Euronext/Alternext Paris, ISIN FR0004152882, Reuters
ALCLA.PA, Bloomberg ALCLA FP
The 2007 annual report is available from www.clasquin.comor www.alternext.fr
Clasquin
Yves Revol - Chairman and CEO
Philippe Lons - Deputy Managing Director and CFO
Stéphanie Chalandon - Communication assistant
Tel: +33 (0)4 72 83 17 00
Fax: 04 72 83 17 33
finance@clasquin.com
Copyright Business Wire 2009
