Panalpina has published its first integrated management report, summarizing the company’s activities during 2016 in terms of business performance as well as sustainability.
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.
We kept focus on running the business, leading to very satisfactory results in all divisions.
Following last year’s UN Climate Talks in Paris and as part of a global effort to mitigate climate change, Panalpina has delivered on its promise and set science-based emissions targets for the coming years. Panalpina is now one of 32 international companies to have such targets that have been approved by the Science Based Targets initiative.
Some gold medals are harder to get than others. Panalpina’s LogEx Gold is one of them. For LogEx Gold, you first have to earn LogEx Bronze – and then LogEx Silver. Only then can you reach LogEx Gold, the highest level of Panalpina’s Logistics Excellence Program. And that’s exactly what Panalpina Mexico succeeded in doing with the company’s Tres Rios 4 logistics facility north of Mexico City.
Based on our pioneering work with biofuel in Sweden, we received CNH Industrial's green award.
The Port House in Antwerp with its distinct buildings and triangular facets epitomizes the growth and strategic location of the Port of Antwerp. The Belgian box port is the second busiest in Europe, nestled in a region that boasts one of Europe’s best multimodal infrastructures. Only 500 m away, still within the port, Panalpina is turning its warehouse into a GDP certified pharma center.
Panalpina was delighted to win the Air Freight Solutions Provider of the Year award at the Global Freight Awards 2016. The winning submission, made by Panalpina UK and Ireland, showcased Panalpina’s pioneering role in paperless freight, its capabilities in temperature-controlled shipments, and its impressive volume growth particularly with perishables and pharmaceuticals.
With the 76 ton subsea tree successfully loaded and secured in the hold beneath him, loadmaster Yrii Rudko’s job was done for now. Sitting in the cabin at the back of the An-124, seat belt fastened, he could feel how 400 tons of mighty flying equipment and cargo accelerated down runway 34 at Senai International Airport in Malaysia. This is part III of Panalpina's "Christmas tree" story.
It was a move to remember for life. Willi Tobler, Panalpina’s global head of transport engineering for Energy and Project Solutions talks in more detail about the challenges he and his team faced when a 76 ton subsea tree for an oil and gas customer had to be loaded onto an Antonov-124 in Malaysia. The tree’s final destination was on the seabed of a gas field located off the coast of Trinidad.
On the fourth loading attempt everything finally came into place and gone were the worry lines in the faces of everyone involved: The Christmas tree for the Caribbean was correctly positioned inside the aircraft. It had been inched past the most critical section right under the cockpit of the An-124, where the maximum vertical clearance is 4400 mm. Every single one of these millimeters was needed.
Could 3D printing herald a new era of lean supply chains? This is the title of a recently published article of the Lean Management Journal (LMJ) that highlights Panalpina’s ongoing research into the global supply chains of the future. The article's authors, Panalpina's Hrishikesh Pawar and Fevos Charalampidis, are convinced that the trend towards truly lean supply chains is about to accelerate.
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Investor presentation
For an overview of the Panalpina Integrated Management Report 2016, see the microsite at http://annualreport.panalpina.com/. Users can build their own reports by choosing individual sections, or can download the entire report. The report is available in English only, and in keeping with Panalpina’s focus on lowering its environmental impact, printed copies will no longer be distributed.
Consolidated financial statements
Investor Presentation
