Q3 2022 Continued growth in number of shipments and gross margin

LYON, France, October 27, 2022–(BUSINESS WIRE)–Regulatory news:

CLASQUIN (Paris: ALCLA):

* Turnover is not a relevant indicator of the activity of our sector, because it is strongly impacted by the evolution of air and sea freight rates, fuel surcharges, exchange rates (in particular compared to USD), etc. The evolution of the number of shipments, the volumes shipped and, in financial terms, the gross margin is a relevant indicator.

MARKET REVIEW

The easing tensions in global supply chains observed towards the end of the second quarter of 2022 continued with an increasing effect throughout the third quarter of 2022.
In the maritime freight sector, port congestion has decreased by 50% since January 2022.

This gradual return to normal is due to a drop in demand relative to economic downturn and high inventory levels.

Ocean freight volumes shipped continued to decline in Q3 (-4-6%) and freight rates have fallen sharply (down 50% in September 2022 compared to January 2022).

Airfreight volumes fell significantly in the third quarter (down 11-13%) in a context of increased capacity offered by airlines linked to the resumption of a large number of passenger flights.
Therefore, air freight rate too tear down but remained elevated due to rising fuel prices.

BUSINESS VOLUMES AND GROSS PROFIT

Slight drop in volumes shipped by the Group in Q3:

• TEU (sea freight): 4.2% drop in line with market trend and lower global demand

• Tonnage (air freight): decrease of 2.5%, lower than the market decline

On the other hand, the number of shipments was standing 7.7% in Q3 trained by:

• on 01/07/2022 acquisition of Exaciel (Paris) and CVL (Senegal) (deliveries up 4.3% excluding Exaciel and CVL),

• strong development of the Road Brokerage division (+30.9%),

• the resumption of Fairs & Events operations due to the lifting of sanitary measures,

• sustained growth in customs operations (up 60.4%).

The story continues

Q3 2022 gross margin remains solid (€35.5m), up 12.6%.
As a reminder, Q3 2021 gross margin jumped 61.8%.

Gross profit for the first nine months increased by 28.7%trained by:

• market share gains and the carrying out development projects, whose impact represented 43.8% growth over nine months:

  • new customers (representing 31.5% of growth)

  • the acquisition in July 2022 of Exaciel and CVL 2022 (representing 4.0% growth)

  • the ramp-up of acquisitions (companies and businesses) carried out in 2021 (representing 8.3% of growth)

• exchange rate gain (representing 12.1% of growth)

• core business growth

• favorable market conditions despite lower freight rates at the end of the second and third quarters.

Also note the negative impact of the sale of Log System in March 2022: -€1.5 million.

BREAKDOWN BY BUSINESSES

* Road brokerage includes the road transport activity previously classified under “Other activities” and the RORO (roll on/roll off) activity.

* Twenty foot equivalent units
** Tons

Q3 2022 HIGHLIGHTS

• Acquisition of a 51% stake in CVL International, Dakar on July 1, 2022.
  Annual gross margin of approximately €0.9 million.
  First major operation in West Africa in response to the Group’s stated desire to accelerate its development in the region.

• Acquisition of 90% of the capital of Exaciel AMC Logistique, a company based in Paris and Lyon, on July 1, 2022.
  Freight forwarder and licensed customs operator specializing in humanitarian aid, dangerous goods and aeronautics, with gross annual income of approximately €3.0 million.

2022 OUTLOOK

Market
International trade estimates (in volume):

• up 3.5% in 2022 (WTO – October 6, 2022)

• up 1.0% in 2023 (WTO – October 6, 2022)
  NB: The WTO specifies that if the international situation (inflation, war in Ukraine, etc.) were to deteriorate, world trade could decline by 3% in 2023.

CLASQUIN 2022
Activity (volumes): outperform market growth
Gross margin forecast: exceed the GP 2021
CLASQUIN has very limited activity with Russia and Ukraine (0.1% in 2021).

CLASQUIN is a specialist in air and sea freight forwarding and overseas logistics. The Group designs and manages the entire overseas transport and logistics chain, organizes and coordinates customer shipment flows between France and the rest of the world and more particularly to and from Asia-Pacific, North America, 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 SEM equity savings plan in accordance with Article D. 221-113-5 of the Monetary and Financial Code established by Decree No. 2014-283 of March 4, 2014 and Article L 221 -32-2 of the Monetary and Financial Code which sets the eligibility conditions (fewer than 5,000 employees and turnover of less than €1,500 million or balance sheet total of less than €2,000 million).
CLASQUIN is part of the Enternext© PEA-PME 150 index.
LEI: 9695004FF6FA43KC4764

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221027005799/en/

contacts

CLASQUIN
Philippe Lons – Deputy CEO/Group Chief Financial Officer
Domitille Chatelain – Group Communication & Marketing Manager
CLASQUIN Group – 235 cours Lafayette – 69006 Lyon
Such. : +33 (0)4 72 83 17 00 – Fax: +33 (0)4 72 83 17 33