Topic: [PWTN] Panalpina
Outlook
“The overall visibility for 2010 remains low”, explains CEO Monika Ribar. “However, Panalpina believes in a moderate recovery of both the air freight and ocean freight markets with mid single-digit growth rates”, she added. The company is confident to grow at least with the market. “In order to strengthen the company’s competitiveness, we shall put a lot of focus on growing profitably and to continue to tightly manage our cost base and cash generation. In the future, we also commit ourselves to better balance profitability versus pure volume gains”, Monika Ribar elaborates. “We will leverage our leadership in the field of compliance which will be crucial to gain back lost business and to generate new business in the future, particularly in the oil and gas industry and in the industrial projects vertical”, she says. Other key elements concern the strengthening of the global sales organization and the expansion of the supply chain management product portfolio.