Snowman Logistics Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Management of Gateway Distriparks and Snowman Logistics discussed Q1 FY27 performance on a joint earnings call, noting that ICD volumes remained stagnant year-on-year due to disruption from the West Asia crisis while market share was maintained. Rail EBITDA per TEU was pressured by volume mix, port imbalances, lower double stacking, and higher minimum wages, with management expecting improvement in Q2 as cost pass-throughs take effect. Snowman Logistics reported pricing increases of 5% to 7% across warehousing customers and outlined plans for pallet capacity additions and new ICD locations including Ankleshwar and Indore.
Management of Gateway Distriparks and Snowman Logistics discussed subdued volumes during the quarter attributed to the West Asia conflict affecting import and export cargo, particularly from the US, Europe and Middle East. They provided updates on capex plans including Indore and Jaipur ICD projects, Ankleshwar MMLP ramp-up, and Snowman's warehousing and 5PL segment margins. Management also addressed debt levels, tax rate changes, and reiterated a long-term revenue target for Snowman.