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DSV announces plans for Panalpina headquarters and continued presence in Basel, as integration progresses
Press releases • Oct 14, 2019 17:15 CEST
The DSV Panalpina Group has informed employees at the former Panalpina headquarters in Basel about its plans for the location. As part of the integration, overlapping corporate functions and positions will either be cut or relocated to the headquarters in Denmark, which could result in up to 165 job losses. At the same time, the company intends to expand its logistical footprint in the Basel area.
Panalpina half-year results remain stable
Press releases • Jul 18, 2019 07:00 CEST
Panalpina recorded stable results for the first half-year 2019. From January to June 2019, Panalpina generated an EBIT of CHF 52.1 million (YTD 2018: CHF 54.7 million) and a consolidated profit of CHF 34.0 million (YTD 2018: CHF 36.1 million), thereby nearly reaching previous-year levels.
Panalpina improves profitability by 15%
Press releases • Apr 17, 2019 07:00 CEST
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 pushing for accelerated growth after a successful 2018
Press releases • Feb 28, 2019 07:00 CET
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%).
Panalpina launches industry-leading customer portal
Press releases • Feb 20, 2019 11:45 CET
Panalpina announces the launch of its new state-of-the-art digital customer portal. The portal enables customers to benefit from a wide range of instant and real-time services. It is currently available to selected customers by invitation only and will be launched globally this summer.
Panalpina increases group profitability
Press releases • Oct 25, 2018 07:00 CEST
In the first nine months of 2018, Panalpina increased group profitability compared to the same period of last year. From January to September, gross profit increased from CHF 1,024.8 million to CHF 1,116.2 million. Year-on-year, Panalpina’s EBIT increased from CHF 72.1 million to CHF 83.2 million and the consolidated profit increased from CHF 48.4 million to CHF 51.0 million.
Panalpina enlarges its Executive Board
Press releases • Sep 05, 2018 18:50 CEST
Panalpina today announced that it is enlarging the company’s Executive Board, to include its three core products: Air Freight, Ocean Freight, and Logistics.
Panalpina appoints new regional CEO Europe
Press releases • Jul 26, 2018 12:00 CEST
Panalpina today announced a key executive hire. Christian Wurst (45) is to become the new regional CEO for Europe. He has an extensive track record in the freight forwarding and logistics industry.
Panalpina Perishables Network expands to South Africa
Press releases • Jul 17, 2018 07:15 CEST
Panalpina is expanding its Perishables Network to South Africa. The company is to acquire a majority stake in perishables specialist Skyservices. With the latest acquisition, Panalpina sets foot in a strategic market with its own presence in Johannesburg and Cape Town. The move will enable end-to-end solutions for perishables from South Africa to Europe, the Middle East, Far East and the USA.
Double-digit profitability growth for Panalpina
Press releases • Jul 17, 2018 07:00 CEST
Panalpina recorded a sound first half-year 2018 with sustained margins and double-digit profitability growth across the board. From January to June 2018, Panalpina increased EBIT from CHF 42.0 million to CHF 54.7 million and consolidated profit from CHF 29.9 million to CHF 36.1 million.
Panalpina Digital Hub launched to promote innovation in freight forwarding and logistics
Press releases • Jun 26, 2018 10:05 CEST
Panalpina has launched the Panalpina Digital Hub to embrace new technologies including the Internet of Things (IoT), artificial intelligence (AI) and blockchain that have the potential to disrupt the business in the coming years. The new business unit is to explore innovative technologies, develop new digital solutions for customers, and engage with digital start-up companies.
Ayme-Yahil to lead Marketing and Communications at Panalpina
Press releases • Jun 15, 2018 10:00 CEST
Dr. Edna Ayme-Yahil is appointed Corporate Head of Marketing and Communications at Panalpina as of July 1, 2018. She will report directly to CEO Stefan Karlen.
Panalpina’s expansion of the Perishables Network continues in Argentina
Press releases • Jun 13, 2018 19:05 CEST
Panalpina continues to expand its global Perishables Network in South America. The international freight forwarding and logistics company is to acquire Newport Cargo S.A., Argentina’s air freight market leader and perishables specialist. The acquisition is geared towards end-to-end solutions for perishables and will increase Panalpina’s foothold in Argentina and neighboring countries.
Panalpina improves profitability
Press releases • Apr 19, 2018 07:00 CEST
In the first three months of 2018, international freight forwarding and logistics company Panalpina improved profitability compared to the same period of last year. Panalpina reported an EBIT of CHF 24.4 million (YTD 2017: CHF 16.4 million) and a consolidated profit of CHF 16.6 million (YTD 2017: CHF 12.4 million).
Panalpina reports record year in Air Freight
Press releases • Mar 07, 2018 07:00 CET
Panalpina ended the year 2017 with strong Air Freight volumes and margins, while in the fourth quarter margin pressure continued to impact the financial results in Ocean Freight. For the full year, Panalpina’s reported EBIT increased from CHF 82.0 million to CHF 103.3 million and the reported consolidated profit increased from CHF 52.3 million to CHF 57.5 million.
Panalpina and Saudi conglomerate Al Rushaid agree to joint venture
Press releases • Dec 21, 2017 13:00 CET
Al Rushaid is one of Saudi Aramco’s main suppliers and a large Saudi conglomerate which provides services through partnerships in many different industries including oil and gas, manufacturing and construction. Pending regulatory approval, Panalpina will be tasked with managing the logistical aspects of Al Rushaid’s subsidiaries and joint ventures.
Panalpina expands Perishables Network into Belgium
Press releases • Dec 19, 2017 07:00 CET
Panalpina is to acquire the Belgian companies Adelantex and AD Handling, specialized in the handling of perishables imports in Brussels, Liège and Ostend. The move follows similar acquisitions in Germany and the Netherlands earlier this year. This latest transaction involving Belgium’s market leader will further strengthen the Panalpina Perishables Network and the company’s end-to-end offering.
Panalpina donates UNICEF relief flight to Africa for the fifth time
Press releases • Dec 18, 2017 09:30 CET
Panalpina once again assisted UNICEF by flying relief aid to Africa, this time to help children suffering in South Sudan. The country’s humanitarian crisis is a culmination of years of civil war compounded by famine and disease. A Panalpina chartered cargo aircraft landed in neighboring Uganda, carrying nearly 80 tons of supplies.
Andy Weber to leave Panalpina
Press releases • Nov 20, 2017 07:00 CET
Panalpina’s Chief Operating Officer, Andy Weber, has decided to leave Panalpina for personal reasons.
Group profitability continues to increase in 2017
Press releases • Oct 19, 2017 07:00 CEST
In the first nine months of 2017, Panalpina grew volumes in both Air and Ocean Freight compared to the same period of last year. As the year progressed, group gross profit as well as EBIT increased with every quarter. Year-on-year, Panalpina’s reported EBIT increased from CHF 67.5 million to CHF 72.1 million and the reported consolidated profit increased from CHF 46.5 million to CHF 48.4 million.