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05 June 2020 The on-line newspaper devoted to the world of transports 20:46 GMT+2



April 30, 2020

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Original news
DSV Panalpina will cut about three thousand jobs

In the first quarter, the impact of the health crisis group's activity has been estimated at around 33 million euros

DSV Panalpina will cut about three thousand jobs on the company's total of almost 59,000 due to the impact of the coronavirus pandemic on the activity of the logistics group, crisis situation that has led management to plan a annual cost reduction of around 1.4 billion Danish kroner (188 million euros) also in view of an expected sharper negative effects in the coming months. He announced it today CEO Jens Bjorn Andersen on the occasion presentation of the results achieved in the first quarter of this year, period that was filed by the group with revenues of 27.3 billion Danish kroner (3.7 billion euros), an increase of 36.6% over the same period of 2019 which is as a result of the acquisition of the Swiss Panalpina, which is completed last summer ( 19 August 2019). EBITDA and EBIT net of extraordinary items 2.6 billion Danish kroner (15.1%) 1.6 billion Danish kroner (up 7.6%). The company has co-19 pandemic had an impact on EBIT 250 million kronor. Net income was 331 million Danish kroner (-65.6%).

In the air and sea shipping segment alone, where In the first quarter, the group handled airborne cargo 360,000 tonnes (up 111.6%) maritimely equal to 576 thousand container teus (up 60.0%), revenues totaled revenues 16.7 billion Danish kroner (up 77.2%) and operating profit is 1.1 billion, or 13.2%. Revenues from shipments 7.9 billion Danish kroner (-2.2%) EBIT in this segment of activity was the result of 491 million (-13.1%). The other logistics activities of the group generated revenues of 3.4 billion Danish kroner (up 12.9%) EBIT of 582 million (-17.6%).




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