Significantly improved profitability with Panalpina group
Panalpina group achieved double-digit volume growth in 2010, accompanied by market share gains in air and ocean freight businesses
The Panalpina group (15,000 employees in around 500 branches in over 80 countries) was able to take advantage of strong global economic growth in 2010, raising their core activity business volumes at rates that outperformed market averages. Net turnover rose by 20 per cent to CHF 7,164 billion compared to the previous year. Also profitability improved significantly. Gross profit increased 7.5 per cent compared to the previous year (11.4% currency adjusted) to CHF 1,48 billion. Panalpina increased its Air Freight volume by 22 per cent to 892,000 tons and its Ocean Freight volume by 13 per cent to 1,241 million TEU in the reporting period. CEO Monika Ribar attributes the gains in market shares mainly to the improved sales organization and the expanded product portfolio of end-to-end supply chain solutions. All trade lanes benefited from these efforts, both in Air Freight and Ocean Freight. In some trade lanes, Panalpina recorded volume growth in excess of 50 per cent. For 2011 the Panalpina management anticipates single digit market growth for both air and ocean freight. Seeking to win further shares of the market the enterprise will further expand its global sales organisation and continue to invest in growth markets such as China, India and Brazil, as well as in selected industries. The agenda will include the evaluation of acquisition opportunities. Quelle: LogEastics |