Press contacts

Maiken Riise Andersen

Maiken Riise Andersen

Press contact Head of Corporate Communication +45 43 20 30 74
Christian Krogslund

Christian Krogslund

Press contact Senior Director, Corporate Marketing & Communication +45 28 44 22 35

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Panalpina reports higher volumes and reduced profit for 2016

Panalpina reports higher volumes and reduced profit for 2016

While Panalpina recorded the highest Air Freight volumes since 2007, gross profit margins in both Air and Ocean Freight came under pressure in 2016. This resulted in lower full-year earnings for the international freight forwarding and logistics company. Adjusted for restructuring expenses of CHF 28 million, EBIT reached CHF 109.9 million and consolidated profit CHF 80.2 million in 2016.