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Panalpina reaches important milestone in IT project

Panalpina reaches important milestone in IT project

Press Releases   •   Feb 01, 2016 14:55 GMT

Panalpina reached an important milestone in the implementation of its new operational IT platform. Singapore and Switzerland were the first countries to go live with the latest version of the SAP® Transportation Management application. Numerous customer shipments in December and January 2016 have demonstrated that the software is ready to be rolled out further.

Panalpina flies UNICEF relief to Burundi

Panalpina flies UNICEF relief to Burundi

Press Releases   •   Nov 27, 2015 11:30 GMT

For the third consecutive year, UNICEF and Panalpina have joined forces to fly much-needed relief goods to an African country where a recurring crisis is taking a heavy toll on society and its weakest members: children. In the morning hours, a Panalpina chartered cargo aircraft landed in Burundi with 70 tons of primary medical care goods on board.

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.

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 moves into Myanmar

Panalpina moves into Myanmar

Press Releases   •   Sep 15, 2015 13:30 GMT

A new era is dawning in Myanmar after the establishment of a civilian government in 2011. At the crossroads between India, China and South East Asia, the country is starting to invest in infrastructure and realize its potential. Switzerland-based international freight forwarding and logistics company Panalpina has now opened its own office to provide its services to the up-and-coming economy.

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 acquires its long-time Egyptian agent Afifi

Panalpina acquires its long-time Egyptian agent Afifi

Press Releases   •   May 29, 2015 05:00 GMT

Panalpina is to acquire its Egyptian agent Afifi, a highly respected family-owned company specializing in freight forwarding, customs clearance and logistics. The move is an important step in Panalpina’s continued strategic expansion in growth economies, in particular in the Middle East and Africa. Afifi has been Panalpina’s agent in Egypt for the last 20 years.

Panalpina adds freighter calls in Baku, Azerbaijan

Panalpina adds freighter calls in Baku, Azerbaijan

Press Releases   •   Apr 27, 2015 07:00 GMT

Panalpina is adding calls in Azerbaijan's capital, Baku, as part of its long-term strategy to expand and optimize its controlled air freight network. Scheduled charters that are operated by Silk Way West Airlines and fly between Luxembourg and Shanghai now call in Baku four times per week.

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%.

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 expands controlled air freight network to Brazil

Panalpina expands controlled air freight network to Brazil

Press Releases   •   Feb 26, 2015 15:00 GMT

Panalpina is expanding its controlled air freight network by adding a full-freighter service to Brazil.

Panalpina and Atlas Air renew partnership with network expansion in mind

Panalpina and Atlas Air renew partnership with network expansion in mind

Press Releases   •   Feb 12, 2015 13:00 GMT

​Panalpina and Atlas Air are strengthening their long-standing partnership in the air freight industry.

Panalpina expands Africa footprint

Panalpina expands Africa footprint

Press Releases   •   Jan 19, 2015 07:39 GMT

​International freight forwarding and logistics company, Panalpina, has opened two new bases in Morocco and Kenya.