Panalpina accelerates growth

PANALPINA posted a 13.4 per cent jump in profits for 2007. EBITDA grew by 15.4 per cent and net earnings by 14.8 per cent, all in line with targets.

Airfreight tonnages increased by 8.4 per cent to 947,000 tonnes. In supply chain management, the group further improved performance by accelerating its net forwarding revenue growth from 4.7 per cent to 6.6 per cent.

“Looking back on the business year 2007, I am pleased with the financial performance of the group,” said chief executive officer, Monika Ribar (right). “The results demonstrate both our strong position in the market, the continued trust of our customers around the globe and the excellent performance of Panalpina’s management and employees.

“These convincing figures are further proof of the attractiveness of our services and the efficiency of our asset-light business model. We have, by pure organic growth, strengthened our worldwide number three and four ranking in air and ocean freight respectively, and we were able to contract substantial new business in all our strategic customer industries, in particular in the telecommunications and automotive verticals and in project business.”