Strong profitability increases for Panalpina

The global freight transport and logistics group Panalpina continued its strong organic growth and again improved its profitability in the first nine months of 2007. Substantial new business gains in major strategic key industries helped to further increase its market shares in all areas. Gross profit grew by 16.4%, EBIT by 33.1% and net earnings by 33.3%.

“These excellent nine months results have been achieved thanks to the continued very strong demand from our worldwide customers throughout all industries,” commented Panalpina’s Chief Executive Monika Ribar. “While all regions contributed with double-digit gross profit growth rates, we keep expanding our market shares in air freight, ocean freight and supply chain management. In view of the overall solid world economy, we are confident to meet our growth targets for 2007.”