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19-Jul-2019 8:04 AM

Panalpina EBIT down 5% in 1H2019, airfreight EBIT drops 28%

Panalpina reported (18-Jul-2019) the following financial highlights for the six months ended Jun-2019:

  • Revenue: CHF2964 million (EUR2625 million), +1.6% year-on-year;
    • Air freight: CHF1513 million (EUR1340 million), -2.6%;
  • Gross profit: CHF716.4 million (EUR634.4 million), -3.8%;
    • Air freight: CHF337.2 million (EUR298.6 million), -4.9%;
  • EBITDA: CHF131.3 million (EUR116.3 million), -4.3%;
    • Air freight: CHF75.3 million (EUR66.7 million), -17.9%;
  • EBIT: CHF52.1 million (EUR46.1 million), -4.8%;
    • Air freight: CHF38.4 million (EUR34.0 million), -28.1%;
  • Net profit: CHF34.0 million (EUR), -5.8%;
  • Air freight: 511,700 tonnes, +4.6%;
  • Air freight gross profit per ton: CHF658.9, -9.1%. [more - original PR]

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