Panalpina Welttransport (Holding) AG announced earnings and production results for the first quarter ended March 2018. For the quarter, the company reported EBIT of CHF 24.4 million as compare to CHF 16.4 million. Net forwarding revenue was CHF 1,414,297,000 as compared to CHF 1,277,199,000 a year ago. EBITDA was CHF 64,376,000 as compared to CHF 27,071,000 a year ago. Profit before income tax was CHF 22,748,000 as compared to CHF 16,512,000 a year ago. Profit attributable to Owners of the parent was CHF 17,012,000 as compared to CHF 12,887,000 a year ago. Diluted and basic Earnings per share were CHF 0.72 as compared to CHF 0.54 a year ago. Net cash from operating activities was CHF 43,883,000 as compared to CHF 16,233,000 a year ago. Purchase of property, plant and equipment was CHF 8,925,000 as compared to CHF 6,773,000 a year ago. Purchase or capitalization of intangible assets was CHF 1,043,000.

For the quarter, the company reported Air Freight volumes increased 3% in the first quarter of 2018. Ocean Freight volumes decreased 4% year-on-year, mainly as the result of a discontinued high-volume contract.