Dokument - 21 April 2016

Three Months Results 2016 – Consolidated Financial Statements

Consolidated financial statements

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Transport

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2016
financial results
investor relations
first quarter
consolidated financial statements

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Christian Krogslund

Pressekontakt Senior Director, Corporate Marketing & Communication christian.krogslund@dsv.com +45 28 44 22 35

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21 April 2016 07:00

Panalpina counters contracting oil and gas business

Panalpina preserved profitability in the first quarter of 2016 despite the continued contraction of the global oil and gas business. The company reported an EBIT of CHF 24.0 million and a consolidated profit of CHF 17.3 million. In a continuously soft market, transport volumes grew in Air Freight but decreased in Ocean Freight. Logistics reported the fifth positive quarter on EBIT level.