Interim Financial Report for Q1 2019 released
We delivered strong results in Q1 2019, with healthy top-line growth across all divisions and a 15% underlying growth in EBIT
Panalpina improves profitability by 15%
In the first three months of 2019, international freight forwarding and logistics company Panalpina improved profitability compared to the same period of last year. Panalpina reported an EBIT of CHF 28.1 million (YTD 2018: CHF 24.4 million) and a consolidated profit of CHF 19.2 million (YTD 2018: CHF 16.6 million).
Panalpina’s BoD announces proposals related to AGM
Panalpina’s board of directors proposes to elect Thomas E. Kern as chairman of the board at the upcoming annual general meeting (AGM) to be held on May 9, 2019. Furthermore, the board of directors proposes that no dividend be paid out to shareholders in 2019.
Panalpina and DSV agree to join forces
DSV is pleased to announce an all share voluntary public tender offer for all publicly held shares of Panalpina
Panalpina postpones EGM
In light of the Exchange Offer launched by DSV for Panalpina today (see separate media release) Panalpina's board of directors, upon request of the Ernst Göhner Foundation, has resolved to postpone the extraordinary general meeting (EGM) scheduled for April 5, 2019, in Basel.
Annual General Meeting 2019
Malou Aamund was elected new member of the Board of Directors at DSV’s Annual General Meeting.
Panalpina’s extraordinary general meeting to be held in Basel on April 5, 2019
Panalpina’s Board of Directors has decided to hold an extraordinary general meeting (EGM) on April 5, 2019 and to support the motion of the shareholder Ernst Göhner Foundation (EGF) to implement the One Share – One Vote standard to further enhance the company’s corporate governance.
Panalpina pushing for accelerated growth after a successful 2018
Panalpina ended the year 2018 with a historic record in Air Freight volumes, a recovering Ocean Freight product and solid profitability in Logistics. For the full year, Panalpina’s reported EBIT increased from CHF 103.3 million to CHF 118.4 million (+15%) and the reported consolidated profit increased from CHF 57.5 million to CHF 75.7 million (+32%).
Announcement of Extraordinary General Meeting to implement "One Share – One Vote" regime
Panalpina received today a request of its shareholder Ernst Göhner Foundation ("EGF") to implement the One Share – One Vote standard at an extraordinary shareholders' meeting to be held prior to the annual general meeting.
DSV has announced a revised bid of CHF 180 per Panalpina share
In continuation of the Company Announcements no. 734 of 16 January 2019 and no. 735 of 4 February 2019 DSV informs that DSV on 6 February 2019 has put forward to the Board of Directors of Panalpina a revised indicative and contingent all-cash offer to the shareholders of Panalpina at CHF 180 per Panalpina-share.
Panalpina statement on revised proposal from DSV
The Board of Directors of Panalpina confirms that it has received a revised, non-binding proposal from DSV to acquire the company at a price of CHF 180 per share, all in cash.
Statement of Panalpina related to Agility
The Board of Directors of Panalpina confirms media reports that it is in discussions with Agility Group on potential strategic opportunities with regard to their respective logistics businesses. The discussions between the two companies are at a preliminary stage.