The firm's adjusted EBITDA rose by 15 per cent to 35.2 million euro, compared with 30.7 million euro in Q1 2021.We are very pleased with the performance of R-LOGITECH in Q1 2022, well ahead of budget, benefiting from a strong performance from our port terminals both across Europe and in emerging markets. Despite the crisis, our business is resilient and expanding due to our focus on essential commodities across all the regions in which we operate.
R-Logitech recently acquired Port of Hanko , which is situated along a main trade route through the Baltic Sea. This acquisition has created a cluster of R-Logitech terminals also including Rostock, Ghent and Antwerp which provides an unparalleled service offering to customers across the Baltics, unmatched by other standalone ports in the area.
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