International freight forwarding and logistics company Panalpina preserved profitability in the first quarter of 2016 despite the continued contraction of the global oil and gas business. Panalpina reported an EBIT of CHF 24 million (US$24.6 million) compared with Q1 2015 of CHF 25.3 million and a consolidated profit of CHF 17.3 million (Q1 2015: CHF 19.6 million). “In the first three months of the year, we succeeded in counterbalancing the lower transport volumes in oil and gas. This was … [Read more...] about Panalpina preserves profitability in Q1
Peter Ulber
A resilient Panalpina sails smoothly through 2015
The Panalpina Group reported a slight increase in EBIT and consolidated profit in what it described as a very challenging environment. Posting a rise of 15 per cent in EBIT to CHF 134.2 million (US$134.6 million) at constant currency and consolidated profit up 16.3 per cent to CHF 100.6 million (constant currency) in 2015 year-on-year. While volumes in Air Freight and Ocean Freight dropped slightly below previous year levels, Logistics achieved the first positive EBIT result for the full … [Read more...] about A resilient Panalpina sails smoothly through 2015
Panalpina reports stable profits in “challenging environment”
International freight forwarding and logistics company Panalpina has kept profitability stable in the first half of 2015 despite what it said was a "challenging environment". While the group’s gross profit decreased five per cent (adjusted at constant currency rates: +2 per cent) to CHF 736.1 million (US$ 771.7 Million), EBIT and consolidated profit remained stable, reaching CHF 60.4 million (+0.4 per cent; adjusted: +7 per cent) and CHF 45.3 million (+3 per cent; adjusted: +10 per cent), … [Read more...] about Panalpina reports stable profits in “challenging environment”
Panalpina reports stable profits in "challenging environment"
International freight forwarding and logistics company Panalpina has kept profitability stable in the first half of 2015 despite what it said was a "challenging environment". While the group’s gross profit decreased five per cent (adjusted at constant currency rates: +2 per cent) to CHF 736.1 million (US$ 771.7 Million), EBIT and consolidated profit remained stable, reaching CHF 60.4 million (+0.4 per cent; adjusted: +7 per cent) and CHF 45.3 million (+3 per cent; adjusted: +10 per cent), … [Read more...] about Panalpina reports stable profits in "challenging environment"
Logistics elevates Panalpina’s Q1 profit
International freight forwarding and logistics company Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10 per cent to CHF 19.6 million while EBIT increased 3 per cent (adjusted at constant currency rates: +12 per cent) to CHF 25.3 million, helped by a positive quarter in logistics. Year-on-year, EBIT and conversion rate increased in ocean freight as volumes grew by 5 per cent, but decreased in air freight where volumes only grew … [Read more...] about Logistics elevates Panalpina’s Q1 profit
Logistics elevates Panalpina’s Q1 profit
International freight forwarding and logistics company Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10 per cent to CHF 19.6 million while EBIT increased 3 per cent (adjusted at constant currency rates: +12 per cent) to CHF 25.3 million, helped by a positive quarter in logistics. Year-on-year, EBIT and conversion rate increased in ocean freight as volumes grew by 5 per cent, but decreased in air freight where volumes only grew … [Read more...] about Logistics elevates Panalpina’s Q1 profit
