Panalpina Annual Report 2006

A world-class provider
of forwarding and logistics
services...
Panalpina is one of the world’s leading providers
of intercontinental air and ocean freight forwarding
services and associated supply chain management
solutions.
The Group serves a wide range of sectors, but has
particular expertise in the key hi-tech, automotive,
healthcare and retail and fashion industries. For many
years now, it has been the global market leader in
the provision of logistics solutions for the worldwide
oil and gas industry’s supply chain.
Panalpina’s in-depth knowledge of the industry enables
it to offer intelligent, efficient solutions tailored to
the customers’ needs – even for the most demanding
forwarding and logistics challenges.
... with convincing competitive
strengths
• A global network with detailed knowledge of local
markets
• Strong brand recognition throughout the world
• An asset-light business model that ensures high
operational and financial flexibility together with
reduced exposure to fluctuations in sector conditions
• A healthy balance between major global customers
and internationally operating SMEs
• Centralized purchasing and management of air and
ocean freight capacities
• Substantial volume mass ensuring partnership
agreements with leading carriers
• Recognition as a specialist provider to a number of
key industries
• Global market leader in logistics solutions for the
oil and gas industry
• Best-in-class IT platforms to increase operational efficiency
and cater to individual customer requirements
• Continued training and development of highly
qualified and motivated staff
• Management team with long-term industry experience
www.panalpina.com/vision
Kennzahlen
2006 at a Glance
• Net forwarding revenue increased by 11.3%
to CHF 7,735 million
• Net earnings increased by 52.5%
to CHF 184 million
• Substantially improved profitability
• Air freight and ocean freight activities
clearly outperformed the respective market
growth rates
• More than 1 million TEUs transported
for the first time ever
• More than 700 new jobs created worldwide
• Impressive share price development
Key Figures
in million CHF 2006 2005
Change
in %
Invoiced forwarding services 9,301 8,280 12.3
Customs, duty and taxes (1,566) (1,332)
Net forwarding revenue 7,735 6,949 11.3
Contribution margin (gross profit) 1,591 1,408 13.0
in % of net forwarding revenue 20.6 20.2
Ebitda 313 214 46.0
in % of contribution margin 19.7 15.2
Ebit (operating result) 261 166 57.6
in % of contribution margin 16.4 11.8
Net earnings 184 120 52.5
in % of shareholders’ equity 19.0 14.1
Cashflow 321.3 216.4 48.5
in % of gross profit 20.2 15.4
Net cashflow from operating
activities 240.9 141.9 69.8
in % of gross profit 15.1 10.1
Total balance sheet size 2,108 1,831 15.8
Total financial debts 27.5 20.4 34.8
Shareholders’ equity 969.7 850.9 14.0
Return on equity (ROE) in % 21.6 19.9
Return on capital employed
(ROCE) in % 32.0 21.0
Number of employees 14,304 13,583 5.3
www.panalpina.com/facts