Panalpina finished the year 2014 on expectations. It more than doubled its EBIT to CHF 116.7 million (approx. US$12.90 million) in 2014 compared to the previous year. Consolidated profit jumped from CHF 11.7 million to CHF 86.5 million. Panalpina grew air freight volumes slightly ahead of the market and clearly outperformed the market in ocean freight. Significant progress was made in logistics, with the turnaround ahead of schedule. “In 2014, we executed on our clearly laid out … [Read more...] about Panalpina more than doubles EBIT
Peter Ulber
Panalpina delivers stable profits during turnaround
Panalpina kept up overall profitability in the first nine months of 2014. Undeterred by ongoing restructuring, group gross profit and EBIT both increased 1 per cent (currency adjusted +6 per cent and +4 per cent), reaching CHF 1,178.7 million and CHF 94.4 million respectively. EBIT loss in Logistics was reduced drastically to CHF 6.9 million for the period of January to September (down from CHF 26.8 million in the same period of 2013). Air freight and ocean freight volumes grew 4 per cent and 8 … [Read more...] about Panalpina delivers stable profits during turnaround
Panalpina sees solid half-year results
International freight forwarding and logistics company Panalpina improved overall profitability in the first half of 2014 with group gross profit and EBIT, which were significantly impacted by currencies, both increased two per cent reaching CHF 777.9 million (US$862 million) and CHF 60.1 million respectively. Logistics contributed to the solid results by cutting losses and expanding its value-added services, the group said. Air freight and ocean freight volumes grew four and eight per cent … [Read more...] about Panalpina sees solid half-year results
