English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Panalpina also reports profit "resilience"

BASEL: February 29, 2016. Panalpina reported a consolidated profit of CHF88.2 million on revenue of CHF5.8 billion in 2015, compared to CHF86.5 million profit on revenue of CHF6.7 billion the previous year.

Panalpina logistics“We have maintained profitability in a year that was characterized by a soft market, the low oil price, negative currency impacts and high IT investments on our end,” said Panalpina CEO Peter Ulber. “The results prove our resilience in more difficult times. Excluding currency effects, EBIT even increased by 15 percent.”

Panalpina said its airfreight volumes decreased 2.5 percent in 2015 due to lower volumes from customers in the oil and gas and automotive industries.

The company carried 836,200 tons of air cargo last year – down from a 2014 figure of 857,800 tons. Gross profit per ton fell 5.8 percent to CHF699 from CHF742 the previous year to produce an overall gross profit of CHF 584.1 million – a drop from CHF 636.3 million in 2014.

Ocean Freight volumes fell 0.8 percent year-on-year from 1.60 million to 1.59 million TEUs. Gross profit per TEU dropped 1.5 percent to CHF301 to produce a gross profit of CHF480.4 million from CHF 491.5 million the previous year.

While the group’s logistics business gross profit fell 10.7 percent to CHF409.3 million in 2015, the company said divesting loss-making facilities resulted in a pre-tax profit of CHF2.1 million compared to losses of CHF8.2 million in 2014.

“With a good number of initiatives already launched and new ones to come, we are aiming to outgrow the air and ocean freight markets in 2016,” added Ulber.

More News

Written on 15/08/2017, 23:01
swiss-worldcargo-reorganizes-the-americasZURICH: August 15, 2017. The air cargo division of SWISS is to reduce its American organization from three to two regions effective October 01 covering...
Written on 10/08/2017, 14:58
zeaborn-now-owns-six-rickmers-line-shipsBREMEN/HAMBURG: August 07, 2017. The Zeaborn Group has acquired five 30,000dwt 'Superflex Heavy Lift' vessels from Rickmers Holding. The purchase price...
Written on 09/08/2017, 21:06
qatar-lifts-visa-requirement-for-latam-marketDOHA: August 09, 2017. Qatar Airways has introduced visa-free entry for citizens from 80 countries with those from the EU, Switzerland and Turkey allowed...
Written on 09/08/2017, 16:48
freightweek-news-update-week-32LONDON, Heathrow: August 12, 2017. To celebrate World Elephant Day and help stop illegal trade of wildlife, Heathrow has installed a pop-up interactive...
Written on 08/08/2017, 21:57
another-record-ebit-for-deutsche-post-dhlBONN: August 08, 2017. Deutsche Post DHL (DPDHL) has reported a 4.7 percent increase in net profit to €1.18 billion on a 5.8 percent rise in revenue to...
Written on 07/08/2017, 21:23
amazon-operator-atsg-to-add-a321-freighter-conversionsBEAVERTON, OR/WILMINGTON, OH: August 07, 2017. Conversion specialist Precision Aircraft Solutions (PAS) and Air Transport Services Group (ATSG) have...
Written on 03/08/2017, 20:14
cargo-still-challenging-despite-turnaround-says-lufthansaFRANKFURT: August 03, 2017. The Lufthansa Group has reported a 99 percent rise in pre-tax profit to €1.03 billion on a 12.7 percent increase in revenue to...
Written on 02/08/2017, 20:19
hong-kong-air-cargo-leases-atlasPURCHASE, NY: August 02, 2017. Atlas Air Worldwide Holdings (AAWH) has leased three B747-400 freighters under an ACMI contract beginning in September 2017...
Written on 02/08/2017, 19:27
dunkerque-to-power-brittany-ferriesDUNKERQUE: August 01, 2017. A month after signing an agreement to develop an LNG station to supply tank trucks, Dunkerque LNG and Total Marine Fuels...
Written on 01/08/2017, 16:53
revenue-gain-for-g-w-railroadDARIEN, CT: August 01, 2017. Railroad company Genesee & Wyoming (G&W) has reported an unchanged net income of US$75.4 million on a 7.6 percent...
Written on 01/08/2017, 14:48
freightweek-news-update-week-31KUWAIT: August 05, 2017. Global logistics provider Agility has reported a Q2 net profit of KD16.8 million on revenue of KD342.1 million, an increase of...
Written on 31/07/2017, 15:32
sohar-ocean-container-throughput-upSOHAR, Oman: July 31, 2017. The Port of Sohar and Freezone reports an 11 percent increase in container volume in Q2 2017 over the same period last year....
Written on 30/07/2017, 23:45
crowley-introduces-another-cuba-servicePORT EVERGLADES, FL: July 27, 2017. Crowley Logistics has begun a three times a month service to deliver "approved donated goods" from South Florida to...
Written on 28/07/2017, 17:53
u-s-europe-and-china-to-form-airline-supergroupPARIS/AMSTERDAM: July 27, 2017. The Air France-KLM Group is planning to increase its capital base by €751 million to help finance a new joint venture with...
Written on 27/07/2017, 16:18
sm-line-signs-intermodal-deal-with-union-pacificOMAHA, Nebraska: July 26, 2017. Union Pacific has signed a partnership agreement with SM Line for intermodal rail distribution from Pier A at the Port of...
Written on 26/07/2017, 19:26
sal-heavy-lift-joins-with-combi-liftBREMEN/HAMBURG: July 27, 2017. Shipowner Harren & Partner (H&P) is to purchase SAL Heavy Lift from the 'K' Line Group for an undisclosed...
Written on 25/07/2017, 20:59
samskip-to-buy-nor-linesROTTERDAM: July 25, 2017. Multimode logistics services company Samskip is to acquire Nor Lines from the DSD Group to expand its shipping, transport and...
Written on 25/07/2017, 18:46
freightweek-news-update-week-30SINGAPORE July 27, 2017. Singapore Airlines reported an operating profit of S$281 million for its second quarter ending June 30 on revenue of S$3.8...
Written on 24/07/2017, 15:30
customs-app-a-hit-at-brusselsBRUSSELS: July 23, 2017. A new Customs Export app is proving popular among the BRUcargo forwarding community at Brussels Airport following a launch at the...
Written on 21/07/2017, 21:30
u-s-trucking-volumes-continue-to-growARLINGTON, VA: July 19, 2017. The American Trucking Associations' latest forecast says U.S. freight volumes will grow 2.8 percent in 2017 and then average...

- powered by Quickchilli.com -