HOME     About us  |   News  |   Business  |   Trading Network  |   Knowledge  |   Download  |   Message
客服A
点击这里给我发消息
客服B
点击这里给我发消息
客服C
点击这里给我发消息
客服D
点击这里给我发消息
About Harvest

News
Economic uncertainty affects Panalpina profits
Published:2018-11-17   Have been here 71   Source:泓威国际物流

Consolidated profits increased from CHF 48.4 million in 2017 to CHF 51 million this year, with net forwarding revenue for the Panalpina Group increasing from CHF 4 billion to CHF 4.4 billion.

Airfreight volumes increased four per cent, in line with market growth, while gross profits per ton were up 12 per cent to CHF 705.

Earnings before interest and tax (EBIT) increased from CHF 69.4 million to CHF 80.2 million, with the EBIT-to-gross-profit-margin coming in at 15.1 per cent.

Chief executive officer Stefan Karlen says Panalpina has increased its profits despite the year being characterised by strained international trade relations.

He says: “The macroeconomic uncertainties of the third quarter resulted in air and ocean freight markets that were not as strong as predicted. We saw a market where ocean freight peak season was weaker than anticipated. The airfreight rates went up, which impacted our margins as expected. In all, we have stood our ground in a very volatile environment.”


PRINT】 【CLOSE】 【TOP】 【Back to News list
Shanghai Harvest International Logistics Co., Ltd 
TEL:021 - 63244486 63078395 FAX:021 - 63244312  E-mail:jolie@harvest-log.com
Address:Room 712, Building 2, Shanghai Office Building, No.1250, North Zhongshan No. 1 Road, Hongkou District, Shanghai, China