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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 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 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.