SGL reports revenue growth of 14 percent in second quarter
Gross profit remained flat at EUR 144 million, while EBITDA decreased slightly. The company reiterated its full-year EBITDA outlook.
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Global freight forwarding and logistics provider
scangl.comLast updated
In short: SGL unveiled an autonomous electric van in Singapore, signed a biofuel deal with Hapag-Lloyd, and agreed to acquire Freight & Logistics Solutions.
Gross profit remained flat at EUR 144 million, while EBITDA decreased slightly. The company reiterated its full-year EBITDA outlook.
Revenue fell 7% in Q3 as freight rates declined. The company initiated cost-cutting measures and expanded its global footprint by opening an office in Egypt.
The logistics firm opened an India office and redeemed EUR 539m in bonds. Full-year EBITDA guidance remains unchanged.
The transaction adds over 250 employees and strengthens Canadian operations after regulatory approval.
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