Panalpina clearly closes according to trimester with an increment of +8.6% of the result and a decrease of the -5,4% of the turnover



In according to trimester of this year logistic group Helvetic Panalpina it has recorded a bending of the volume of transactions and the operating economic performances, while the profit clearly is increased graces mainly to a financial cost reduction. The period has been archived item with a turnover clearly of 1,63 billion franchi Swiss (beyond 1,3 million euros), with a reduction of the -5,4% regarding the correspondent period of 2013. In the segment of air shipments the turnover is piled to 760 million franchi Swiss (- 2.8%), in that of marine shipments to 699 million franchi Swiss (- 1.7%) and in that of the logistics to 174 million franchi Swiss (- 25.2%). The EBITDA and the EBIT of the group have totaled Swiss decreases respective of the -4,8% and the -11,7% coming down to 49,6 million and 35,6 million franchi. In the field of air shipments EBITDA and EBIT are piled respective to 36,4 million franchi Swiss (- 11.9%) and 31,2 million franchi Swiss (- 16.5%), in that of Swiss marine shipments to 8,2 million franchi (46.9%) and 3,2 million franchi Swiss (- 72.8%) and in the section of the Swiss logistics to 5,0 million and 1,1 million franchi regarding results of Swiss sign negative for -4,6 million and -8,9 million franchi in the period April-june last year. Panalpina has closed the second trimester of 2014 with a clearly consolidated profit of 26,2 million franchi Swiss, in increase of +8.6% on the same period of 2013.

In the period April-june of this year in the single segment of air shipments the group has enlivened volumes of cargo pairs to 213.400 tons, with an increment of +1.9% on the same period of 2013, while in the segment of marine shipments the volumes have been 402.100 pairs to container teu, with an increase of +9% approximately.

In the first semester of the 2014 group it has recorded revenues for 3,23 billion franchi Swiss, with a contraction of the -2,9% regarding 3,33 billion franchi Swiss in the first half last year. EBITDA and EBIT have been attested 88,7 million franchi Swiss (to +7.9%) and 60,1 million franchi Swiss (+2.2%) and the clearly consolidated profit has grown of +14.5% to 44,0 million franchi Swiss.

"The results of the first half of 2014 - the managing director of Panalpina has commented today, Peter Ulber - demonstrate two things. One, than our performance without compromises of the strategy that we have defined to November it is beginning to give yields. The logistics has diminished considerably the losses. Two, than are still much work to do in terms of profit, in particular in marine shipments where - as expected - us it will want of the time before to reach in waters more calm".

"The fact that the low margins have absorbed great part of the increase in the first half of 2014, in particular in marine shipments - it has continued Ulber - is to demonstrate how much is important that we remain absolutely on the route of our strategic line. To bring back to the profit our activities in continuous loss to being our objective arrest warrant. In the mean and along term, since we are continuing the restructure and launch our new operating system SAP TM - it has emphasized the CEO of Panalpina - the improvement of the systems and the procedures of IT will allow us to increase the productivity and the profit".

According to Panalpina, in the entire the 2014 markets of air shipments and marine shipments they will record increases respective of the +3-4% and of +4-5%.