Panalpina counters contracting oil and gas business

Panalpina counters contracting oil and gas business

Press releases   •   Apr 21, 2016 05:00 GMT

Panalpina preserved profitability in the first quarter of 2016 despite the continued contraction of the global oil and gas business. The company reported an EBIT of CHF 24.0 million and a consolidated profit of CHF 17.3 million. In a continuously soft market, transport volumes grew in Air Freight but decreased in Ocean Freight. Logistics reported the fifth positive quarter on EBIT level.

Panalpina delivers stable profitability in first quarter

Panalpina delivers stable profitability in first quarter

Press releases   •   Apr 22, 2015 05:00 GMT

Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10% to CHF 19.6 million while EBIT increased 3% (currency adjusted: +12%) to CHF 25.3 million. Year-on-year, EBIT and conversion rate increased in Ocean Freight as volumes grew by 5% but decreased in Air Freight where volumes only grew slightly by 1%.

Annual general meeting 2015 approves all board proposals

Annual general meeting 2015 approves all board proposals

Press releases   •   May 12, 2015 15:30 GMT

At the annual general meeting of Panalpina World Transport (Holding) Ltd., held on May 12, 2015, 68.18% of the share capital was represented. All proposals of the board of directors were approved by a clear majority.

Panalpina reports stable profits in slow market environment

Panalpina reports stable profits in slow market environment

Press releases   •   Jul 23, 2015 05:00 GMT

Panalpina has kept profitability stable in the first half of 2015 despite a challenging environment. While the group’s gross profit decreased 5% (adjusted at constant currency rates: +2%) to CHF 736.1 million, EBIT and consolidated profit remained stable, reaching CHF 60.4 million (+0.4%; adjusted: +7%) and CHF 45.3 million (+3%; adjusted: +10%), respectively.

Panalpina to acquire Airflo, a specialized freight forwarder for flowers and vegetables, from Dutch Flower Group

Panalpina to acquire Airflo, a specialized freight forwarder for flowers and vegetables, from Dutch Flower Group

Press releases   •   Nov 05, 2015 06:00 GMT

Panalpina is to acquire a majority stake in Airflo, a company based in Kenya and the Netherlands specialized in the export handling of flowers and vegetables. Airflo is part of Dutch Flower Group (DFG), the world’s largest flower and plant trader. The acquisition reflects Panalpina’s continued expansion in Africa and its increasing focus on the perishables business.

Stable profits in a challenging market environment

Stable profits in a challenging market environment

Press releases   •   Oct 25, 2016 05:00 GMT

In the first nine months of 2016, Panalpina recorded a slight increase of EBIT and consolidated profit (adjusted for one-offs). EBIT reached CHF 93.6 million and the consolidated profit CHF 72.6 million. Against the backdrop of receding markets in air and ocean freight, volumes increased by 9% in Air Freight but decreased by 9% in Ocean Freight. Logistics continued positively on the EBIT level.

Organic growth offsets contracting oil and gas business

Organic growth offsets contracting oil and gas business

Press releases   •   Jul 20, 2016 05:00 GMT

In the first half of 2016, Panalpina demonstrated that it can compensate for contracting oil and gas business with organic growth in other sectors even as air and ocean freight markets declined. Adjusted for an oil and gas related restructuring provision, EBIT remained stable at CHF 60.8 million and consolidated profit increased slightly to CHF 47.9 million for the first six months of the year.

Panalpina Annual Report 2015

Panalpina Annual Report 2015

Press releases   •   Mar 15, 2016 08:35 GMT

As well as providing an overview of our achievements over the past year in developing tailor-made, value-added services for our customers, the Annual Report 2015 features highlights from our products, regions, industry verticals and corporate functions. New sections include our business model, case studies on the Charter Network and Perishables, and our approach to innovation.​

Panalpina demonstrates high resilience in 2015

Panalpina demonstrates high resilience in 2015

Press releases   •   Feb 29, 2016 06:00 GMT

In the year 2015, Panalpina's EBIT reached CHF 117.2 million (currency adjusted: CHF 134.2 million or +15.0%) and consolidated profit CHF 88.2 million (currency adjusted: CHF 100.6 million or +16.3%). While volumes in Air Freight and Ocean Freight dropped slightly below previous year levels, Logistics achieved the first positive EBIT result for the full year.

Panalpina more than doubles EBIT in 2014

Panalpina more than doubles EBIT in 2014

Press releases   •   Mar 04, 2015 08:17 GMT

Panalpina finished the year 2014 on expectations. The Panalpina Group more than doubled its EBIT to CHF 116.7 million in 2014 compared to the previous year. Consolidated profit jumped from CHF 11.7 million to CHF 86.5 million.

Panalpina keeps consolidated profit stable

Panalpina keeps consolidated profit stable

Press releases   •   Oct 20, 2015 05:00 GMT

Panalpina achieved a stable consolidated profit of CHF 69.3 million (currency adjusted: CHF 75.8 million or +9.5%) in the first nine months of 2015 as headwinds in oil and gas and a very soft air freight market persisted. Group gross profit decreased 6% to CHF 1,107.3 million (adjusted: CHF 1,177.0 million or 0%), while EBIT decreased 2% to CHF 92.4 million (adjusted: CHF 102.7 million or +9%).

Panalpina improves profitability

Panalpina improves profitability

Press releases   •   Apr 19, 2018 05:00 GMT

In the first three months of 2018, international freight forwarding and logistics company Panalpina improved profitability compared to the same period of last year. Panalpina reported an EBIT of CHF 24.4 million (YTD 2017: CHF 16.4 million) and a consolidated profit of CHF 16.6 million (YTD 2017: CHF 12.4 million).

Group profitability continues to increase in 2017

Group profitability continues to increase in 2017

Press releases   •   Oct 19, 2017 05:00 GMT

In the first nine months of 2017, Panalpina grew volumes in both Air and Ocean Freight compared to the same period of last year. As the year progressed, group gross profit as well as EBIT increased with every quarter. Year-on-year, Panalpina’s reported EBIT increased from CHF 67.5 million to CHF 72.1 million and the reported consolidated profit increased from CHF 46.5 million to CHF 48.4 million.

Panalpina publishes second integrated management report

Panalpina publishes second integrated management report

Press releases   •   Mar 21, 2018 15:30 GMT

Panalpina has published its second integrated management report, summarizing the company’s activities during 2017 in terms of business performance and sustainability.

Verfügung der Übernahmekommission betreffend öffentliches Tauschangebot von DSV A/S für alle sich im Publikum befindenden Namenaktien der Panalpina Welttransport (Holding) AG

Press releases   •   May 29, 2019 05:10 GMT

Panalpina expands Perishables Network into Belgium

Panalpina expands Perishables Network into Belgium

Press releases   •   Dec 19, 2017 06:00 GMT

Panalpina is to acquire the Belgian companies Adelantex and AD Handling, specialized in the handling of perishables imports in Brussels, Liège and Ostend. The move follows similar acquisitions in Germany and the Netherlands earlier this year. This latest transaction involving Belgium’s market leader will further strengthen the Panalpina Perishables Network and the company’s end-to-end offering.

Andy Weber to leave Panalpina

Andy Weber to leave Panalpina

Press releases   •   Nov 20, 2017 06:00 GMT

Panalpina’s Chief Operating Officer, Andy Weber, has decided to leave Panalpina for personal reasons.

Panalpina reports record year in Air Freight

Panalpina reports record year in Air Freight

Press releases   •   Mar 07, 2018 06:00 GMT

Panalpina ended the year 2017 with strong Air Freight volumes and margins, while in the fourth quarter margin pressure continued to impact the financial results in Ocean Freight. For the full year, Panalpina’s reported EBIT increased from CHF 82.0 million to CHF 103.3 million and the reported consolidated profit increased from CHF 52.3 million to CHF 57.5 million.

Decision of the Swiss Takeover Board regarding public exchange offer by DSV A/S for all publicly held registered shares of Panalpina Welttransport (Holding) AG

Press releases   •   May 29, 2019 05:10 GMT

Panalpina erweitert Netzwerk in Kolumbien und Ecuador und wird so zu Lateinamerikas grösstem Akteur im Bereich Frischwaren

Panalpina erweitert Netzwerk in Kolumbien und Ecuador und wird so zu Lateinamerikas grösstem Akteur im Bereich Frischwaren

Press releases   •   Apr 24, 2019 15:30 GMT

Panalpina baut ihr Perishables Network in Südamerika weiter aus mit der Übernahme von CargoMaster S.A. in Kolumbien und dessen Tochtergesellschaft Laseair S.A. in Ecuador. CargoMaster ist eines der grössten Untermehmen Lateinamerikas, das auf den Luftfrachtexport von leicht verderblichen Waren, vor allem von Blumen in die USA, spezialisiert ist.

Panalpina expands network in Colombia and Ecuador to become largest perishables player in Latin America

Panalpina expands network in Colombia and Ecuador to become largest perishables player in Latin America

Press releases   •   Apr 24, 2019 15:30 GMT

Panalpina continues to expand its Perishables Network in South America through the acquisition of CargoMaster S.A. in Colombia, and its subsidiary, Laseair S.A., in Ecuador. CargoMaster is one of Latin America’s largest companies specialized in the air freight export of perishables, mostly of flowers to the US.

Panalpina verbessert Profitabilität um 15%

Panalpina verbessert Profitabilität um 15%

Press releases   •   Apr 17, 2019 05:00 GMT

In den ersten drei Monaten des Jahres 2019 verbesserte das international tätige Transport- und Logistikunternehmen Panalpina seine Profitabilität im Vergleich zur Vorjahresperiode. Panalpina verzeichnete einen EBIT von CHF 28,1 Millionen (YTD 2018: CHF 24,4 Millionen) und einen Konzerngewinn von CHF 19,2 Millionen (YTD 2018: CHF 16,6 Millionen).

Panalpina improves profitability by 15%

Panalpina improves profitability by 15%

Press releases   •   Apr 17, 2019 05:00 GMT

In the first three months of 2019, international freight forwarding and logistics company Panalpina improved profitability compared to the same period of last year. Panalpina reported an EBIT of CHF 28.1 million (YTD 2018: CHF 24.4 million) and a consolidated profit of CHF 19.2 million (YTD 2018: CHF 16.6 million).

Panalpina-VR gibt Anträge an die GV bekannt

Panalpina-VR gibt Anträge an die GV bekannt

Press releases   •   Apr 10, 2019 05:00 GMT

Der Verwaltungsrat von Panalpina hat Thomas E. Kern als neuen Präsidenten nominiert. Die Wahl erfolgt an der anstehenden Generalversammlung (GV) vom 9. Mai 2019. Ferner beantragt der Verwaltungsrat, im Jahr 2019 auf die Auszahlung einer Aktionärsdividende zu verzichten.

Panalpina’s BoD announces proposals related to AGM

Panalpina’s BoD announces proposals related to AGM

Press releases   •   Apr 10, 2019 05:00 GMT

Panalpina’s board of directors proposes to elect Thomas E. Kern as chairman of the board at the upcoming annual general meeting (AGM) to be held on May 9, 2019. Furthermore, the board of directors proposes that no dividend be paid out to shareholders in 2019.

Panalpina and DSV agree to join forces

Press releases   •   Apr 01, 2019 05:15 GMT

Panalpina postpones EGM

Panalpina postpones EGM

Press releases   •   Apr 01, 2019 05:15 GMT

​In light of the Exchange Offer launched by DSV for Panalpina today (see separate media release) Panalpina's board of directors, upon request of the Ernst Göhner Foundation, has resolved to postpone the extraordinary general meeting (EGM) scheduled for April 5, 2019, in Basel.

Panalpina’s extraordinary general meeting to be held in Basel on April 5, 2019

Press releases   •   Mar 05, 2019 06:00 GMT

Panalpina’s Board of Directors has decided to hold an extraordinary general meeting (EGM) on April 5, 2019 and to support the motion of the shareholder Ernst Göhner Foundation (EGF) to implement the One Share – One Vote standard to further enhance the company’s corporate governance.

Panalpina pushing for accelerated growth after a successful 2018

Panalpina pushing for accelerated growth after a successful 2018

Press releases   •   Feb 28, 2019 06:00 GMT

Panalpina ended the year 2018 with a historic record in Air Freight volumes, a recovering Ocean Freight product and solid profitability in Logistics. For the full year, Panalpina’s reported EBIT increased from CHF 103.3 million to CHF 118.4 million (+15%) and the reported consolidated profit increased from CHF 57.5 million to CHF 75.7 million (+32%).

Panalpina berichtet im Management Report über Erfolge in 2018

Panalpina berichtet im Management Report über Erfolge in 2018

Press releases   •   Feb 28, 2019 09:15 GMT

Panalpina hat auch in 2018 weiter Supply-Chain-Lösungen für seine Kunden in einer Vielzahl von Branchen angeboten. Der Management Report 2018 hebt die wichtigsten Erfolge des Unternehmens bei der Erweiterung seiner Dienstleistungen und Präsenz sowie bei der Realisierung komplexer Speditions- und Logistikprojekte hervor.

Panalpina highlights achievements in 2018 Management Report

Panalpina highlights achievements in 2018 Management Report

Press releases   •   Feb 28, 2019 06:45 GMT

Panalpina continued to deliver innovative, end-to-end supply chain solutions in 2018 to its customers in a wide range of industries. The Management Report 2018 highlights the company’s key achievements in expanding its services and footprint as well as carrying out complex freight forwarding and logistics projects.

Announcement of Extraordinary General Meeting to implement "One Share – One Vote" regime

Press releases   •   Feb 25, 2019 16:30 GMT

Panalpina received today a request of its shareholder Ernst Göhner Foundation ("EGF") to implement the One Share – One Vote standard at an extraordinary shareholders' meeting to be held prior to the annual general meeting.

Panalpina statement on revised proposal from DSV

Panalpina statement on revised proposal from DSV

Press releases   •   Feb 15, 2019 09:35 GMT

The Board of Directors of Panalpina confirms that it has received a revised, non-binding proposal from DSV to acquire the company at a price of CHF 180 per share, all in cash.

Panalpina statement on unsolicited, non-binding approach from DSV

Panalpina statement on unsolicited, non-binding approach from DSV

Press releases   •   Jan 16, 2019 05:30 GMT

The Board of Directors of Panalpina announces that it has received an unsolicited, non-binding proposal from DSV to acquire the company at a price of CHF 170 per share, comprising a mix of cash and DSV shares.

Panalpina successfully issues a CHF 150 million bond

Panalpina successfully issues a CHF 150 million bond

Press releases   •   Nov 14, 2018 17:00 GMT

Panalpina World Transport (Holding) Ltd today successfully placed a CHF 150 million debut bond in the Swiss capital market.

Panalpina increases group profitability

Panalpina increases group profitability

Press releases   •   Oct 25, 2018 05:00 GMT

In the first nine months of 2018, Panalpina increased group profitability compared to the same period of last year. From January to September, gross profit increased from CHF 1,024.8 million to CHF 1,116.2 million. Year-on-year, Panalpina’s EBIT increased from CHF 72.1 million to CHF 83.2 million and the consolidated profit increased from CHF 48.4 million to CHF 51.0 million.

Panalpina enlarges its Executive Board

Panalpina enlarges its Executive Board

Press releases   •   Sep 05, 2018 16:50 GMT

Panalpina today announced that it is enlarging the company’s Executive Board, to include its three core products: Air Freight, Ocean Freight, and Logistics.

Panalpina Perishables Network expands to South Africa

Panalpina Perishables Network expands to South Africa

Press releases   •   Jul 17, 2018 05:15 GMT

Panalpina is expanding its Perishables Network to South Africa. The company is to acquire a majority stake in perishables specialist Skyservices. With the latest acquisition, Panalpina sets foot in a strategic market with its own presence in Johannesburg and Cape Town. The move will enable end-to-end solutions for perishables from South Africa to Europe, the Middle East, Far East and the USA.

Double-digit profitability growth for Panalpina

Double-digit profitability growth for Panalpina

Press releases   •   Jul 17, 2018 05:00 GMT

Panalpina recorded a sound first half-year 2018 with sustained margins and double-digit profitability growth across the board. From January to June 2018, Panalpina increased EBIT from CHF 42.0 million to CHF 54.7 million and consolidated profit from CHF 29.9 million to CHF 36.1 million.

Panalpina’s expansion of the Perishables Network continues in Argentina

Panalpina’s expansion of the Perishables Network continues in Argentina

Press releases   •   Jun 13, 2018 17:05 GMT

Panalpina continues to expand its global Perishables Network in South America. The international freight forwarding and logistics company is to acquire Newport Cargo S.A., Argentina’s air freight market leader and perishables specialist. The acquisition is geared towards end-to-end solutions for perishables and will increase Panalpina’s foothold in Argentina and neighboring countries.

Switching to growth

Switching to growth

News   •   Oct 06, 2016 10:00 GMT

At the Capital Markets Day 2016 in Amsterdam, the company's senior management demonstrated how Panalpina has taken risk out of the business and laid the foundations for future growth. Growth was the main theme of the afternoon presentations. Four deep-dive sessions focused on “Ocean Freight and Productivity”, “Sales Growth”, “Air Freight and Perishables” as well as “Logistics and Innovation”.