PR: Swissport achieves solid 2019 results
PRESS RELEASE Swissport achieved an operating EBITDA of 272.3 million euros in 2019, roughly on par ...
Swissport president and chief executive Eric Born (pictured above) is set to extend his term at the ground handler by another year.
Mr Born had been scheduled to leave the company at the end of the year, but yesterday confirmed he has agreed to extend his contract, subject to the company’s successful completion of a planned debt refinancing by 30 September.
“The contract extension and the refinancing will ensure strategic continuity and financial stability, enabling Swissport to further consolidate its leading market position. After a successful 2018 business year, this is a signal of continuity for Swissport’s customers, its employees, partners and investors,” a Swissport statement said.
Mr Born has been president and CEO since August 2015, after joining from UK haulage and logistics operator Wincanton.
“He and his management team have continuously extended Swissport’s global leadership by driving organic growth and through targeted acquisitions, while streamlining the structure and improving the result,” said the company.
In 2018, Swissport handled around 4.8m tonnes of air freight in 115 cargo warehouses worldwide. Several of its warehouses have been certified for pharmaceutical logistics by IATA’s CEIV.