Panalpina closes the first semester with a contraction of the economic results



In the first semester of this year the logistic group Helvetic Panalpina has recorded a worsening of the economic results chargeable mainly to the deterioration of the performances in the segment of marine shipments. The period has been archived item with a turnover clearly pairs to 2,60 billion franchi Swiss, down of the -11,7% regarding 2,94 billion franchi Swiss in the first half of 2015. EBITDA and EBIT are piled respective to 59,2 million franchi Swiss (- 31.7%) and 34,7 of franchi Swiss (- 42.6%) and the profit clearly has been Swiss pairs to 21,8 million franchi (- 51.8%).

In the second solo trimester of the 2016 turnover clearly of Swiss the Helvetic group they have recorded a contraction of the -10,3% coming down to 1,29 billion franchi regarding 1,44 billion franchi Swiss in the period April-june last year. The EBITDA has been Swiss pairs to 23,0 million franchi (- 51.9%), the operating profit to 10,7 million franchi Swiss (- 69.5%) and the profit to 4,5 million franchi clearly Swiss (- 82.3%).

"In the course of according to trimester - the managing director of Panalpina has explained, Peter Ulber - it has turned out obvious that the activity in the field oil & gas would not have shown shortly a resumption. Therefore we have decided to realign our abilities with the current volumes and not to wait for that it was the market to recover. We have recorded all the costs of restructure in according to trimester instead making it more ahead". "The encouraging news - it has specified Ulber - is that the remainder of the activities has continued has to show a remarkable consistency regarding the weakening of the markets of the marine and aerial transport. In the first semester of the year - it has evidenced - the profit has remained stable".

The single field of marine shipments has closed the first half of 2016 with a turnover clearly of 1,03 billion franchi Swiss, with a decrease of the -22,9% on the first six months of 2015. The EBITDA is piled to 19,2 million franchi Swiss (- 12.3%) and the EBIT to 1,3 million franchi Swiss (- 90.1%). In the first semester of this year the total volume of marine shipments enlivened from the group has been pairs to 721 thousand container teu, with a bending of the -9% about on the same period of 2015.

In the second solo trimester of 2016 marine shipments enlivened by Panalpina have been pairs to 373 thousand teu, with a decrease of the -8% about on the period April-june last year. The segment of 492,1 million franchi clearly Swiss activities has recorded a quarterly turnover (- 23.9%), an EBITDA of 10,8 million franchi Swiss (- 15.7%) and an operating result of Swiss sign negative for -3,0 million franchi respect to an operating profit of 8,3 million franchi Swiss in according to trimester of 2015.

The segment of air shipments has concluded the first semester of this year with a turnover of 1,27 billion franchi clearly Swiss (- 2.2%), an EBITDA of 59,2 million franchi Swiss (+0.9%) and a EBIT of 34,7 million franchi Swiss (- 28.1%). The volume of air shipments enlivened in the first half of 2016 has been pairs to about 441 thousand tons of cargos (+8% about).

In according to trimester of the 2016 field of Swiss air shipments it has generated a turnover clearly of 635,9 million franchi, analogous to that totaled in the correspondent period of 2015. The EBITDA has been attested 33,1 million franchi Swiss (to Swiss +6.5%) and EBIT to 15,3 million franchi (- 42.3%). The air shipment volume enlivened in according to trimester of 2016 has been pairs to 225 thousand tons (+11% about).

Logistic other asset of the group has archived item the first half of this year with a turnover of 301,5 million franchi clearly Swiss (- 3.8%), an EBITDA of 10,0 million franchi Swiss (+10.0%) and a EBIT of 316 thousand franchi Swiss (- 79.2%). In the second solo trimester of the 2016 turnover clearly has been Swiss pairs to 161,3 million franchi (+3.7%), the EBITDA to 5,2 million franchi Swiss (+32.2%) and the operating result has been of Swiss sign negative for -1,5 million franchi respect to Swiss operating result of positive sign for 309 thousand franchi in according to trimester of 2015.

With respect to the future perspectives, Ulber it has specified that Panalpina considers that of the oil and the gas as "a strategic field and - it has added - we are sure to have assumed the measures adapted in a market that is slowly stabilizing. In all the other fields our activities have demonstrated a good course and we preview that this will continue in the course of all the year. While we continue to adapt our activities and producing - it has concluded - the control of the costs remain a fundamental priority".