News / Steady as she goes for Panalpina, as the forwarder reports 'resilient' results in 'challenging' market

Panalpina this morning reported that its 2015 consolidated profit had risen 1.9% to CHF88.2m (€80m), reflecting “high resilience” in a challenging market, it said.

EBIT reached CHF117.2m, but the Swiss forwarder saw volumes fall in both air and ocean, although its logistics division saw its first profitable annual EBIT result.

“We have maintained profitability in a year that was characterised by a soft market, the low oil price, negative currency impacts and high IT investments on our end,” said Panalpina CEO Peter ...