MESSAGE FROM CHIEF EXECUTIVE OFFICER

KST MFC

Dear Shareholders

             The year 2020 was an auspicious year for Leo Global Logistics Public Company Limited (LEO) as we became a listed company on Market for Alternative Investment (MAI), a subsidiary of The Stock Exchange of Thailand (SET) on November 5, 2020, significantly considered another landmark of success in LEO's growth, and then shortly after that we celebrated the 30th Anniversary in January 2021.

          Throughout the past 30 years, the Company has been one of the pioneers committed to continuously developing and expanding various logistics services. At present the company is recognized as an End-to-End Global Logistics Service provider embracing business partners with the ability to provide one-stop logistics services and sea & air freight forwarding services in 190 countries around the world. Notably, since 2014 onwards continuously, LEO is the only End-to-End Logistics firm to receive the Prime Minister Export (PM) Award in the category of Best Service Enterprise-Logistics, and Excellent Logistics Management (ELMA) Award in the field of Third-Party Logistics Services (3PL), as well as in the field of International Freight Forwarding.

          The multitude of problems faced by almost all industries globally in 2020 due to the spread of the coronavirus (COVID-19) pandemic is evident in all the supply chains. Never before have we seen higher freight and airline freight adjustments due to the limited number of vessels and airline flights, including the shortage of containers usage for transport. All these factors had direct impact on Thai importers and exporters, especially in the third and fourth quarters of 2020 and may continue to affect in Q1-Q2 of this year (2021).

          In this trouble time, Leo do not view this effect to our business operations. We capitalized the opportunity to expand our business and services due to the continued demand for exports and imports of Thailand in 2020. The Company’s strength in having good relationship with shipping lines and airlines has enabled us to negotiate with business partners until we have gained space for transportation to serve our customers satisfactorily. Our new customers increased at 10% mainly from exporters who could not find available space from their own service providers. LEO can offer services and solutions, enabling customers to export and import their products continuously. We have gained trust from customers and have enlarged services significantly in response to their needs. The Company's operating results in 2020 recorded the highest profit since we started our business.

          For the year 2021, the Company forecasts positive growth due to the continuous volume of shipping requirements of exporters and importers, especially exporting to countries in the zones of Asia, US and Europe, the trade lanes that we are strong in servicing. The quantity of imports and exports is expected to be increasingly higher until the end of 2021.

         Moving forward into 2021, all LEO executives are well-prepared and well-equipped for the new normal way of life and doing a more challenging business. We have adjusted the strategy and business plans in sales and services, including risk assessment management to ensure business continuity. In addition, we operate business by adhering to the principles of good governance and best practice, placing importance on stakeholders, and taking into consideration the anti-corruption process and social responsibility.

         On behalf of Leo Global Logistics Public Company Limited (LEO), I would like to thank our shareholders, customers, business partners and all benefactors for your trust and confidence in LEO. May I also thank all the Executives and employees for your inputs in overcoming the problems and obstacles together smoothly. We will grow stronger every year. The Company is committed to being a leading organization in the logistics business, in line with the corporate vision that LEO will be a leading End-to-End Logistics Service Provider in Thailand with networks globally, with sustainable growth, and the first company of choice for customers and employee’s mind.

 

Sincerely, 
Mr. Kettivit Sittisoontornwon
Chief Executive Officer