Document - 21 April 2017

First Quarter Results 2017 – Consolidated Financial Statements

Consolidated financial statements

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Subjects

Economy, Finance
Transport
Consulting

Press contacts

Maiken Riise Andersen

Press contact Head of Corporate Communication Maiken.R.Andersen@dsv.com +45 43 20 30 74

Christian Krogslund

Press contact Senior Director, Corporate Marketing & Communication christian.krogslund@dsv.com +45 28 44 22 35

Panalpina reports higher volumes as margins remained under pressure

Financial results for the first quarter 2017 came in below the previous-year period for Panalpina. The company reported an EBIT of CHF 16.4 million (Q1 2016: CHF 24.0 million) and a consolidated profit of CHF 12.4 million (Q1 2016: CHF 17.3 million). Panalpina outperformed the air and ocean freight markets in terms of volume growth as margins remained under pressure.