Monday, March 6, 2017

Panalpina records highest air freight volumes since 2007

Panalpina records highest air freight volumes since 2007

Panalpina records highest air freight volumes since 2007

Panalpina’s gross profit decreased by 3.3 percent to CHF 1,424.6 million in 2016 (2015: CHF 1,473.8 million). Adjusted for oil and gas related restructuring expenses of CHF 28.0 million, EBIT reached CHF 109.9 million (reported 2016: CHF 82.0 million; 2015: CHF 117.2 million). The adjusted EBIT-to-gross-profit margin came in at 7.7 percent (reported 2016: 5.8 percent; 2015: 8.0 percent) and the adjusted consolidated profit amounted to CHF 80.2 million (reported 2016: CHF 52.3 million; 2015: CHF 88.2 million).

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