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May 7, 2013

The Panalpina Group returned to profit in the first quarter of 2013 after a loss in the last year. The provider of supply chain solutions reported a consolidated profit of CHF 14 million for the first three months of the year. Net forwarding revenue increased by 4% to CHF 1,602 million and gross profit by 0.5% to CHF 366 million compared to the previous year. While the Air Freight division continued to struggle in a shrinking market, the Ocean Freight division grew comfortably above market. The Logistics division also pursued its growth path.

You can read the full results here.