Panalpina increases profitability by 15%
In Q1/2019, the international freight forwarding and logistics company Panalpina increased its profitability compared to the same period of last year, reporting an ebit of CHF 28.1 million (YTD 2018: CHF 24.4 million) and a consolidated profit of CHF 19.2 million (YTD 2018: CHF 16.6 million).
“In the first quarter of this year, Panalpina generated 15% more ebit and profit than in the same period of last year,” said Panalpina’s CEO Stefan Karlen. “We performed better despite a challenging market environment and during a time when considerable management resources were absorbed by the M&A topic."
"Since the news of DSV taking over Panalpina broke, circumstances have changed. To give any sort of forecast is not only more challenging than ever before, but also constrained by legal restrictions,” Karlen concluded. (mw)