Tag: Panalpina

Finance Report: Kuehne & Nagel, Danzas & Panalpina register record results

Posted by | Sep 26, 2001 | |

Panalpina Fischer emphasised the company’s independence at his annual press conference in Zurich: “Our shareholder [the Ernst Gohner Foundation] is dosely watching potential alliances but regards the recent concentration and acquisition euphoria in logistics as a thing of the past.”

In this context Fischer welcomed the fact that SairLogistics had sold back its 10% stake in Panalpina and 45% share of SwissGlobalCargo back to Goihner and Panalpina (Airtrade, May). “This gives us back our entrepreneurial freedom: we no longer have to consider minority interests.” He added; “When we decided to get out, we did not know where SAirGroup (now Swissair Group) was going”.

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Panalpina eyeing acquisitions, alliances

Posted by | May 7, 2001 | |

Panalpina Group saw gross revenue rise by more than 26% in 2000 to 6.9 billion Swiss francs (about $4 billion), while its net income increased by the same percentage, to about $55 million. Panalpina chief executive Bruno Sidler said they favored an “organic growth” expansion strategy instead of the acquisition strategy of one of their main competitors, Danzas AG. But Fischer said he “would not exclude the possibility of a carefully selected acquisition or alliance to improve our market position”

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Record for Panalpina

Posted by | Apr 16, 2001 | |

International logistics group Panalpina was able to conclude the fiscal year 2000 with new record results. Optimism is prevailing in the current fiscal year, as well. The Ernst Göhner foundation is again the sole shareholder

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