Further Weakening Of Air Freight Volumes Impacts Panalpina’s Profitability

Further weakening of Air Freight volumes impacts Panalpina’s profitability

Oct 12, 2012

Preliminary financial figures for the third quarter of 2012 indicate that the EBITDA of the Panalpina Group will come in at between CHF 15 and 20 million, which already incorporates a one-off extraordinary charge of CHF 12 million. Profitability was negatively impacted by disappointingly weak Air Freight volumes (-8% year-on-year) and a higher cost base. In September, the Group recorded particularly low Air Freight volumes.