Panalpina closes 2016 with an important contraction of the results



In the 2016 volume of transactions of the logistic group Helvetic Panalpina it has been Swiss pairs to 5,20 billion franchi (4,9 billion euros), level of the turnover clearly that it did not turn out so low from 2002 when had been attested 5,17 billion franchi Swiss and that it turns out down of the -11,3% regarding of 5,85 billion franchi Swiss the clearly recorded turnover in 2015.

The reduction of the totaled clean revenues last year is determined mainly by the contraction of the -22,8% of the clearly generated turnover from shipments in the marine field that is piled to 2,00 billion franchi Swiss. The turnover clearly in the segment of the logical activities is diminished also, that it has been Swiss pairs to 571 million franchi (- 8.3%), while the clearly produced turnover from air shipments operated by the group has remained almost stable being turned out pairs to 2,63 billion franchi Swiss (- 0.7%).

In the 2016 marine total shipment volumes pairs enlivened by Panalpina have been almost 1,5 million container teu, with a contraction of the -6,6% on 2015, while the air shipment volumes are increased of +10.2% being are pairs to 921 thousand tons.

In the budget the 2016 company has recorded a decided bending is of the EBITDA, that it is piled to 132 million franchi Swiss (- 21.8%), are of the operating result, that it has been pairs to 81 million franchi Swiss (- 30.1%). Emphasized also the reduction of the profit clearly that it has been attested 52 million franchi Swiss (- to 40.7%).

In the solo fourth trimester of the 2016 trend of the reduction of the turnover clearly has shown an attenuation. The period has been archived item with a volume of transactions of 1,33 billion franchi Swiss, with a bending of the -7,9% on the trimester October-December of 2015. In the segment of marine shipments the turnover clearly has been of 477 million franchi Swiss (- 20.0%), in the field of Swiss air shipments of 723 million franchi (+4.0%) and in that of the logistics of 132 million franchi Swiss (- 14.4%). EBITDA and EBIT have turned out Swiss pairs respective to 27 million franchi (- 26.5%) and 14 million franchi Swiss (- 42.0%). The profit clearly is diminished of the -69,3% to 6 million franchi Swiss.

In the last trimester last year, after five consecutive trimesters of the reduction, the marine shipment volume enlivened has marked an light increment being is pairs to 389 thousand container teu (+1%). The air shipments have been pairs to 252 thousand tons (+14%).

"2016 - the managing director of Panalpina has commented, Stefan Karlen - have been a very difficult year. The remarkable reduction of the volumes from the field of the oil and the gas has done so as that in the course of the first semester of the year we have had to restructure that segment of our activity. In the second half of the year, the failure of the Hanjin and a peak season much committal in the field of the aerial transport has determined a reduction of the ability and a rise of the hires who have placed a strong pressure on our margins. Even if on the volumes we have worked well, the pressure on the yields has influenced our results".