Encouraging start to 2018 for Panalpina as profits improve

Encouraging start to 2018 for Panalpina as profits improve: April 19, 2018:


Encouraging start to 2018 for Panalpina as profits improve

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).

“We’ve had an encouraging start into 2018. Profitability per transported unit increased in both Air and Ocean Freight,” says Panalpina CEO Stefan Karlen. “In ocean freight, we still recorded a loss, but it has come down from the last quarter of 2017. Logistics contributed to the good overall performance with a solid EBIT result.”

0 comments:

Copyright © 2016 Logistics Update Africa (LUA)