Decrease of the quarterly economic results of the logistic group Panalpina



It continues the trend to the decrease of the achieved economic results from the logistic group Panalpina, that it clearly has archived item the first trimester of this year with a turnover pairs to 1,28 billion franchi Swiss regarding 1,31 billion in the first three months of 2016, with a decrease of the -2,3% that represents the ninth data consecutive quarterly percentage of sign negative recorded from the group. The EBITDA is piled to 27,1 million franchi Swiss (- 25.2%), the operating profit is diminished of the -31,8% attesting itself to 16,4 million franchi Swiss and the profit clearly is dropped of the -28,6% to 12,3 million franchi Swiss.

In the single segment of marine shipments the Helvetic group has totaled a turnover clearly pairs to 491,5 million franchi Swiss, with a contraction of the -7,9% on the first trimester of 2016, this against an increment of +7.5% of the enlivened volumes of traffic that they have turned out pairs to 374 thousand container teu regarding 348 thousand in the first three months last year (increase - has evidenced Panalpina - that has turned out advanced to that of +4% of the market). The marine shipment activity has generated an EBITDA Swiss pairs to 461 million franchi (- 94.5%) and an operating result (EBIT) of sign negative and Swiss pairs to -3,1 million franchi respect to an operating profit of 4,3 million franchi Swiss in the first trimester of 2016.

In the field of air shipments, instead, the turnover clearly is increased of +3.8% being is pairs to 657,1 million franchi Swiss regarding 633,1 million in the first three months last year. The division that takes care of aerial transport has recorded EBITDA and EBIT in Swiss bending respective of the -5,3% and the -3,8% to 21,8 million and 17,1 million franchi. In the first trimester of the 2017 volume of goods sent for aerial way from Panalpina has been pairs to 233 thousand tons (+7.9%).

Logistic other asset operated by the Helvetic group has achieved a turnover clearly pairs to 128,6 million franchi Swiss, with a reduction of the -8,3% on the first trimester of 2016. EBITDA and EBIT have been attested 4,8 million franchi Swiss (to +1.6%) and 2,4 million franchi Swiss (+28.5%).

Panalpina in the next few months does not attend a decided improvement of the market in which work the company: "if the committals market dynamicses last in the course of 2017 - however it has emphasized the managing director Stefan Karlen - we are very placed in the market and are cautiously optimistic about being able to maintain a supported increase of the marine and aerial shipment volumes earning ulterior market shares. In a context of market in which the currently hires they are going up instead that to drop as it has happened last year - it has specified Karlen - we preview to advance in the management of the profit. One of our priorities - it has specified - naturally remains that to recover profit in the field of marine shipments".