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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).

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.

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.

Panalpina and Saudi conglomerate Al Rushaid agree to joint venture

Panalpina and Saudi conglomerate Al Rushaid agree to joint venture

Press Releases   •   Dec 21, 2017 12:00 GMT

Al Rushaid is one of Saudi Aramco’s main suppliers and a large Saudi conglomerate which provides services through partnerships in many different industries including oil and gas, manufacturing and construction. Pending regulatory approval, Panalpina will be tasked with managing the logistical aspects of Al Rushaid’s subsidiaries and joint ventures.

Panalpina centralizes and expands Global Supply Chain Solutions offering

Panalpina centralizes and expands Global Supply Chain Solutions offering

Press Releases   •   Dec 13, 2017 13:45 GMT

As part of its growth strategy, Panalpina has centralized its Supply Chain Solutions offering with plans to expand the existing team of experts and further invest in technology and infrastructure. Panalpina’s customers from across multiple industries will benefit from solutions that manage their supply chains from end-to-end and offer greater flexibility, customization, and visibility.

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.

Increased volumes and higher reported profits

Increased volumes and higher reported profits

Press Releases   •   Jul 20, 2017 05:00 GMT

Panalpina recorded robust volume growth in both Air and Ocean Freight in the first half-year of 2017. As higher freight rates and margin pressure persisted, Panalpina increased its reported EBIT from 34.7 million (adjusted half-year 2016: CHF 60.8 million) to CHF 42.0 million and the reported consolidated profit from CHF 21.8 million (adjusted HY 2016: 47.9 million) to CHF 29.9 million.

Panalpina rolls out new IT platform in Germany

Panalpina rolls out new IT platform in Germany

Press Releases   •   Jun 12, 2017 15:45 GMT

Panalpina continues to upgrade its new operational IT platform and is in the middle of its roll-out in Germany. Ocean Freight is currently the prime focus and will be followed by Air Freight. Germany is already handling the highest number of transactions on the new platform. Panalpina’s new transport management system will secure significant operational benefits.

Panalpina expands footprint in Denmark

Panalpina expands footprint in Denmark

Press Releases   •   May 03, 2017 05:00 GMT

As part of its global growth strategy, Panalpina has acquired Carelog, a Danish freight forwarding and logistics company with a strong foothold in ocean freight and roots in the western part of Denmark. Carelog and Panalpina complement each other ideally in terms of geography, product strengths and customer mix.

Panalpina to acquire Kenyan freight forwarder specialized in perishables

Panalpina to acquire Kenyan freight forwarder specialized in perishables

Press Releases   •   May 02, 2017 20:30 GMT

International freight forwarding and logistics company Panalpina is to acquire Air Connection, a Kenya-based forwarder specialized in the export of flowers and vegetables. The move comes after Panalpina’s acquisition of Airflo in Kenya in 2016 and only two weeks after the company formally announced the launch of its global Perishables Network.

Panalpina reports higher volumes as margins remained under pressure

Panalpina reports higher volumes as margins remained under pressure

Press Releases   •   Apr 21, 2017 05:00 GMT

Financial results for the first quarter 2017 came in below the previous-year period for Panalpina. The company reported an EBIT of CHF 16.4 million (Q1 2016: CHF 24.0 million) and a consolidated profit of CHF 12.4 million (Q1 2016: CHF 17.3 million). Panalpina outperformed the air and ocean freight markets in terms of volume growth as margins remained under pressure.

Panalpina Perishables Network launched with ambitious growth plans

Panalpina Perishables Network launched with ambitious growth plans

Press Releases   •   Apr 20, 2017 13:15 GMT

The worldwide transport of perishables constitutes a huge market where Panalpina is aiming to become the market leader. By 2020 the company aims to be the preferred global supplier of perishables logistics. The success factors for this accelerated push into perishables are the company’s global coverage, dedicated perishables experts in key markets and the unique Panalpina Charter Network.

Panalpina publishes integrated management report

Panalpina publishes integrated management report

Press Releases   •   Mar 16, 2017 16:30 GMT

Panalpina has published its first integrated management report, summarizing the company’s activities during 2016 in terms of business performance as well as sustainability.

 Panalpina opens new logistics manufacturing hub in Dubai South

Panalpina opens new logistics manufacturing hub in Dubai South

Press Releases   •   Mar 15, 2017 13:15 GMT

Today, in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Panalpina CEO Stefan Karlen officially opened the company’s new logistics manufacturing center in Dubai South. The 40,000 m2 facility will support circular supply chains and enable Panalpina to grow its logistics and freight forwarding business in the Middle East, Africa and CIS (MEAC) region.

Panalpina reports higher volumes and reduced profit for 2016

Panalpina reports higher volumes and reduced profit for 2016

Press Releases   •   Mar 02, 2017 06:00 GMT

While Panalpina recorded the highest Air Freight volumes since 2007, gross profit margins in both Air and Ocean Freight came under pressure in 2016. This resulted in lower full-year earnings for the international freight forwarding and logistics company. Adjusted for restructuring expenses of CHF 28 million, EBIT reached CHF 109.9 million and consolidated profit CHF 80.2 million in 2016.

Panalpina sets ambitious CO2 emissions targets for 2025

Panalpina sets ambitious CO2 emissions targets for 2025

Press Releases   •   Dec 19, 2016 11:00 GMT

Following last year’s UN Climate Talks in Paris and as part of a global effort to mitigate climate change, Panalpina has delivered on its promise and set science-based emissions targets for the coming years. Panalpina is now one of 32 international companies to have such targets that have been approved by the Science Based Targets initiative.

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 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 expands exclusive LCL ocean freight offering

Panalpina expands exclusive LCL ocean freight offering

Press Releases   •   Apr 18, 2016 10:00 GMT

Less than Container Load (LCL) services are an important tool for shippers to optimize their international supply chains. Expanding and improving the global LCL network therefore remains a key priority for Panalpina and it now offers four sailings per week from Shanghai to Singapore, an industry first, and two new exclusive services from Egypt to Singapore and from India to Switzerland via Italy.