Panalpina Achieves A Solid Result In A Difficult Market Environment

PANALPINA CHILE TRANSPORTES MUNDIALES LTDA.

Descripción

PANALPINA CHILE TRANSPORTES MUNDIALES LTDA.

ENVIAR EMAIL

Panalpina achieves a solid result in a difficult market environment

Panalpina achieves a solid result in a difficult market environment

Aug 5, 2009

Thanks to strict cost management and a consistently implemented cost-cutting program, the Panalpina Group succeeded in significantly reducing its cost base year-on-year and as a result was able to compensate for the fall in volume. Compared to the prior-year period, free cash flow increased by 175%, and compared to the first quarter of 2009, air freight volume rose in the second quarter of 2009 by 3%, ocean freight by 8%. A large number of new business deals in the SME customer segment failed to compensate for the falloff in volume from large customers. Currency fluctuations had a negative impact on results. Gross profit fell by 15% compared with the same period in 2008 (-11.5% in local currency terms). Net earnings for the first six months amounted to CHF 16.9 million.

Sharp fall in air and ocean freight
Strict cost management
Outlook

Más información sobre este producto consulte en: http://www.panalpina.com/www/global/en/home/news_media/news_archive_folder/news_2009/09_08_05.html












Formulario de Contacto





Nombre Completo (requerido)

Empresa (requerido)

Correo electrónico (requerido)

Teléfono (requerido)

Página Web (si la tiene)

Mensaje (Requerido)