Also Panalpina wants to grow faster than the market in 2012

Panalpina improved profitability per transport unit in air freight and handled a record ocean freight volume in 2011

Based on a strong business model with a solid foundation the Panalpina group wants to stand their ground even in difficult times. They will keep concentrating on productivity increases and cost control. Concerning the expansion of end-to-end supply chain solutions the group intends to push value added logistics services, said CEO Monika Ribar at the presentation of the 2011 annual report. The group’s target is to outperform the market in 2012. Panalpina’s management expects the air freight market to stagnate. In ocean freight, Panalpina expects a market growth of 4-5 per cent.

In the 2011 financial year the globally acting provider of supply chain solutions, employing approximately 15,500 people at some 500 branches in more than 80 countries worldwide, improved its profit margins and achieved a consolidated profit of CHF 127 million. Supported by organic growth across all regions and product divisions, the gross profit increased 12 per cent year-on-year to CHF 1.48 billion. The EBITDA-to-gross profit margin increased to 14.4 per cent. Net forwarding revenue was down by 9 per cent to CHF 6.5 million due to negative currency impacts.

In ocean freight, Panalpina’s volumes grew 6 per cent to 1.31 million TEU compared to 2010. Gross profit per TEU of ocean freight was down 8 per cent (+3% currency adjusted). In air freight, volume growth was affected by the profitability restoration program. Panalpina transported 848,000 tons, which is 5 per cent less than last year. However, the improved margins effected an increase in gross profit per ton of air freight by 9 per cent (+21% currency adjusted).

Quelle: LogEastics
Portal: www.logistik-express.com