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Panalpina 2005: Successful IPO and further significant increase of results

published: cw 11, 2006 in Logistics & Shipping

Panalpina, the Swiss-based global transport and logistics group, reports strong results for 2005. The Company increased its gross revenue by 11.3% and its net forwarding revenue by 13.8% to CHF 6,962 million, achieved mostly by pure organic growth and reflecting the positive economic trend for the forwarding and logistics industry. Net earnings improved by 20.3% to CHF 120.3 million. The restructuring in North America started to show promising results.

?We are satisfied with the convincing results Panalpina achieved in this first year of its public listing at the SWX Swiss Exchange?, commented Chairman Gerhard Fischer. ?While globalization-driven demand for transport and logistics services continued at high levels, we saw an overwhelming interest from the investors? community in our shares as well as in our industry in general.?

Source: Panalpina


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