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After 2 years of exceptional growth, the industry once again entered turbulent times in 2019. On the eve of its 50th anniversary, in a challenging climate marked by a global economic slowdown, overcapacity and low yields, Cargolux still managed to outperform the industry average and close the year with a profit.
The Cargolux Group (Cargolux) generated a positive net result of USD 20.2 million with an EBIT margin of 5.1% - despite unfavorable and volatile market conditions - a reflection of the company’s solid business strategy. At year-end, Cargolux’ Balance Sheet reflected stable financial ratios compared to the previous year and a further improvement in its cash position versus 2018.
Business Highlights
In 2019,...
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