On the results of hung Panalpina the strengthening of the Swiss franc



The logistic group Panalpina has closed the third trimester of this year with positive but widely inferior results regarding those of the correspondent period of 2010. In the period July-september of the 2011 Helvetic group has totaled a profit clearly of 31,7 million franchi Swiss on an operating revenue of 1.571, 0 million franchi Swiss ones, down respective of 5.7% and 16.2% on 33,6 million and 1,873, 7 million franchi Swiss ones in the third trimester last year. The EBITDA has been attested 54,2 million franchi Swiss (- 8.8%) and the EBIT to 44,8 million franchi Swiss (- to 9.5%).

The Helvetic group however has evidenced as, taking in consideration the results to constant changes, in the third trimester of 2011 EBITDA and EBIT have totaled an increase respective of 14.8% and of 15.6% on the same period last year and the operating revenue an increment of 11.4% shows on the third trimester of 2010. The strengthening of the Swiss franc - it has emphasized Panalpina - continues in fact to having a remarkable impact negative on the financial results of the group.

The managing director of Panalpina, Monika Ribar, has asserted that in the third trimester of this year the company "has operated much good in spite of the lock out competition and the difficult scene. Our attention to a sustainable and profitable increase - it has added - is clearly beginning to give its yields. We have completed good progresses on the front of the volumes and meanwhile the groos profit is continued to being high. In the third trimester, in the field of marine shipments, we have been ahead regarding the market".

In the third trimester of the 2011 marine shipment activity operated by the group have generated a groos profit of 110 million franchi Swiss on a revenue clearly of 572 million franchi Swiss, in bending respective of 11.3% and 26.0% on the correspondent period last year. In the section of the air shipments Panalpina it has obtained a groos profit of 165 million franchi Swiss (- 2.4%) on a revenue clearly of 789 million franchi Swiss (- 10.3%) and in the field of the Swiss logistics a groos profit of 81 million franchi (- 8.0%) on a revenue clearly of 210 million franchi Swiss (- 4.5%).

In the first nine months of the 2011 Panalpina it has recorded a profit clearly of 98,7 million franchi Swiss on revenues for 4,851, 8 million franchi Swiss respect to a net loss of 58,9 million franchi Swiss on revenues for 5,355, 3 million franchi Swiss in the correspondent period of 2010. EBITDA and EBIT have been positive for Swiss 163,6 million and 135,5 million franchi respect to an EBITDA positive for 5,8 million and a Swiss EBIT negative for 28,7 million franchi in the period January-september last year.

The marine shipment activity of the group has archived item the period January-september of this year with a groos profit of 331 million franchi Swiss (- 2.1% on the same period of 2010) on a revenue clearly of 1.739 million franchi Swiss (- 18.0%), the air shipment activity with a groos profit of 508 million franchi Swiss (+5.6%) on a revenue of 2.446 million franchi clearly Swiss (- 5.3%) and the logistic activities with a groos profit of 261 million franchi Swiss (- 3.3%) on a revenue of 667 million franchi clearly Swiss (+2.6%).