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Achieving Historical Mark of R$ 40.6 Million in Profit
Log-In Logística Intermodal, a renowned company in logistics solutions and navigation, announced an impressive profit of R$ 40.6 million in the third quarter of 2023, marking its tenth consecutive quarter of profit. This growth of 12.8% compared to the same period last year reflects the strength and resilience of the Company in the sector.
Financial and Operational Highlights
In addition to the remarkable profit, Log-In achieved a historic record of Net Operating Revenue (NOR), reaching R$ 622.9 million, and a significant Adjusted EBITDA of R$ 173.9 million. These results exemplify the financial solidity of the company and its ability to adapt to a dynamic market.
The Company attributes these extraordinary results to historic NOR records in the Coastal Navigation business towers and the Vila Velha Port Terminal (TVV). The Amazon Express Service (SEA) drove revenue for Coastal Navigation, while TVV benefited from an increase in container movement. Additionally, the Road Freight Transportation sector, comprised of Tecmar Transportes and Oliva Pinto, showed positive results thanks to greater operational efficiency and improvements in service levels.
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Log-In’s Growth Vision
Pascoal Gomes, CFO and DRI of Log-In Logística Intermodal, emphasizes that continuous growth is the result of robust planning aimed at enhancing operations and expanding business. “We have invested heavily to broaden our strategy and service offerings, integrating the benefits of each mode. As a result, we have reaped significant rewards,” Gomes states.
Advances in Navigation and Logistics Solutions Sectors
Coastal Navigation Driving Growth
Log-In’s Coastal Navigation benefited from the addition of two new ships, increasing the Company’s nominal capacity by 19.4%. With a record of 136,000 TEUs moved, the Net Operating Revenue from this tower reached R$ 373.1 million, a growth of 22.7% compared to the previous year. The adjusted EBITDA for this sector also grew by 22.7%, totaling R$ 132 million.
Innovation in Logistics Solutions (3PL)
Log-In offers customized logistics solutions (3PL) in addition to maritime and port services. In the third quarter of 2023, the Company recorded a 9.7% growth in Net Operating Revenue and a 13.7% increase in EBITDA, reaching R$ 6.7 million. These figures demonstrate Log-In’s effectiveness in diversifying and strengthening its operations.
Vila Velha Port Terminal (TVV) on the Rise
TVV reached a historic record of Net Revenue with R$ 91 million in Q3 2023, an increase of 8.3% compared to the previous year. TVV’s EBITDA also grew, totaling R$ 46.4 million, benefiting from increased container movement and the innovative import of vehicles on the route between Brazil and China.
Focus on Road Freight Transportation
The Net Operating Revenue in the Road Freight Transportation sector was R$ 145.9 million in Q3 2023, an increase of 19.6%. The adjusted EBITDA grew an impressive 88.8%, reaching R$ 12.9 million. The service diversification strategy and improvements in operational efficiency were crucial for these results.
Commitment to Sustainability and Governance
Log-In remains committed to an environmental, social, and corporate governance (ESG) agenda, transparently presenting its indicators in the Sustainability Report. Recent initiatives include the delivery of the Dual Materiality Matrix, the First ESG Week, and the launch of the ESG Handbook.
About Log-In Logística Intermodal
Log-In Logística Intermodal stands out in the logistics solutions, port movement, and coastal navigation sectors, connecting Brazil and Mercosur by land and sea. The company manages and operates the Vila Velha Port Terminal, along with two intermodal terminals and the Road Freight Transportation companies Tecmar Transportes and Oliva Pinto, strengthening the integration between modes.
For more information, visit www.loginlogistica.com.br.
Source: Renata Oliveira – EPR.
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