Subjects: Economy, Finance
Interim Financial Report for Q3-2019 released
We are pleased to report strong results for Q3 despite challenging market conditions, especially in the air freight market.
DSV announces plans for Panalpina headquarters and continued presence in Basel, as integration progresses
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.
DSV’s vision and strategic direction has stood the test of time
Focus is on successful integration of the Panalpina business and people
Exemption from conditions for maintaining listing and approval of delisting of Panalpina shares
On September 18, 2019, SIX Exchange Regulation granted Panalpina several temporary exemptions from the obligations for maintaining the listing and approved the request of Panalpina to delist the Panalpina Shares. The last trading day and the date of the delisting will be determined after the final judgement in the cancellation proceedings according to the Swiss Financial Infrastructure Act.
Changes to Panalpina Executive Board (Revised)
This is a revised version of the media release that was sent out on August 23, 2019.
DSV completes acquisition of Panalpina
All conditions and requirements of the transaction have now been met
Interim financial report for H1-2019 released
We are very pleased with the strong results for the second quarter of 2019. DSV has managed to outgrow the market while still delivering market leading profitability.
Growing at a continuous and phenomenal rate
Since 1989, we have grown our annual revenue by almost 10,000%
Annual general meeting of Panalpina approves all board proposals
At the annual general meeting (AGM) of Panalpina World Transport (Holding) Ltd., held on May 9, 2019, 62.24% of the share capital was represented. All proposals of the board of directors were approved by a clear majority and Thomas E. Kern was elected as chairman of the board.
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
Annual General Meeting 2019
Malou Aamund was elected new member of the Board of Directors at DSV’s Annual General Meeting.
Panalpina highlights achievements in 2018 Management Report
Panalpina continued to deliver innovative, end-to-end supply chain solutions in 2018 to its customers in a wide range of industries. The Management Report 2018 highlights the company’s key achievements in expanding its services and footprint as well as carrying out complex freight forwarding and logistics projects.
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%).
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.