In the third trimester of this year the logistic group Panalpina has recorded a decided worsening of the results



In the third trimester of this year the logistic group Helvetic Panalpina has recorded an ulterior deterioration of the economic performances that particularly is emphasized in the segment of shipments for aerial way. The company has closed the period with a clearly consolidated profit of 24,0 million franchi Swiss on revenues for 1,467, 9 million franchi Swiss ones, with decreases respective of the -4,7% and the -14,9% on the third trimester of 2014. EBITDA and EBIT have shown bendings Swiss pairs to -8,0% and -6,8% attesting itself to 44,9 million and 32,0 million franchi.

In the single field of air shipments the revenues are piled to 652,6 million franchi Swiss (- 17.8%), the EBITDA have been pairs to 26,4 million franchi Swiss (- 21.0%) and the operating result to 21,5 million franchi Swiss (- 23.3%). In the quarter July-september of 2015 air shipments enlivened by the group have totaled 207 million tons respect to beyond 212 million tons in the same period last year.

Decreasing also the volumes in the segment of marine shipments: Panalpina in fact has enlivened cargos for a total pairs to 415 thousand container teu regarding than more 429 thousand teu in the third trimester of 2014. The division of shipments by sea has recorded Swiss revenues for 660,4 million franchi (- 11.1%), an EBITDA of 14,6 million franchi Swiss (+6.0%) and a EBIT of 10,0 million franchi Swiss (+12.4%).

Logistic other asset operated by the Helvetic company has produced to revenues Swiss pairs to 154,9 million franchi (- 18.0%), with an EBITDA Swiss pairs to 3,9 million franchi (+143.4%) and a EBIT of positive sign for Swiss 529 thousand franchi respect to an operating result of Swiss sign negative for -2,6 million franchi in the quarter July-september last year.

In the first nine months of the 2015 group it has totaled revenues for 4,409, 2 million franchi Swiss ones, down of the -11,0% regarding 4.955, 9 million franchi Swiss in the period January-september last year. Swiss EBITDA and EBIT are diminished respective of the -4,4% and the -2,2% to 131,5 million and 92,4 million franchi. The profit clearly has turned out stable being is Swiss pairs to 69,3 million franchi (+0.1%).

"In the first nine months of the year - the managing director of Panalpina has commented today, Peter Ulber - we are successful to maintain the EBIT and the clearly consolidated profit to the levels last year in spite of a contraction of the market of the aerial transport in the third trimester, our exposure in confronts of the industry of the oil and the gas and the investments record in the field IT. To constant changes the EBIT and the clearly consolidated profit - it has emphasized Ulber - would have turned out in increase respective of 9% and 10%. The EBIT in the field Ocean Freight has grown considerably and the Logistics field has generated the third positive consecutive quarterly EBIT, for a EBIT from beginning year that has been of two million franchi Swiss regarding liabilities almost seven million franchi Swiss last year".

In the first nine months of this year the air shipments enlivened by the group have been pairs to 615 thousand tons (630 thousand in the same period of 2014) and marine shipments to 1,2 million teu (1,2 million).