Logwin posted a 6.7% YoY drop in Q1 revenue, citing lower freight rates despite higher transport volumes.
Net income declined, EBITA fell, and free cash flow turned negative due to higher working capital, investments and acquisitions.
Air & Ocean and Solutions segments both saw revenue falls; costs rose from global network expansion and US market entry.
Company kept its 2026 outlook, warned of geopolitical and trade risks, and its shares gained 0.7% on the day.