Logwin reported a 6.7% YoY decline in first‑quarter revenue, driven by lower freight rates despite higher transport volumes.
Net income fell as EBITA dropped and free cash flow turned more negative due to higher working‑capital needs, investments and acquisitions.
Air & Ocean and Solutions segments both posted revenue declines, the former from lower rates, the latter from reduced contract volumes.
Company kept its 2026 outlook unchanged, noting persistent geopolitical and trade‑tension risks while shares rose 0.7% on the day.