Panalpina increased its global market share in 2007 by growing both air freight tonnages by 8.4 percent to 947,000 tonnes and ocean freight volumes by 13.7 percent to 1,233 million TEUs, far above the respective market growth rates. In supply chain management, the group further improved performance by accelerating its net forwarding revenue growth from 4.7 percent to 6.6 percent. Geographically, the overall 12.3 percent purely organic increase in Panalpina’s net forwarding revenue was contributed to by all regions, except North America, which remained at the same level but doubled its Ebit nevertheless.
Although hampered by freight rate increases, gross profit was up 13.4 percent with significant growth in all three core activities. Furthermore, a dynamic development was recorded in all customer industry verticals. Looking ahead, Panalpina estimates it will have a gross profit increase of at least 4 percent and an Ebitda/gross profit margin of between 17.5 percent and 18.5 percent. For 2009, the group forecasts to return to an Ebitda/gross profit margin of at least 21 percent.
Although hampered by freight rate increases, gross profit was up 13.4 percent with significant growth in all three core activities. Furthermore, a dynamic development was recorded in all customer industry verticals. Looking ahead, Panalpina estimates it will have a gross profit increase of at least 4 percent and an Ebitda/gross profit margin of between 17.5 percent and 18.5 percent. For 2009, the group forecasts to return to an Ebitda/gross profit margin of at least 21 percent.