Swissport Int’l sees 1H cargo handling grow 5% to 2.3 million tonnes

Swissport

In the first half of 2018, Swissport International AG saw cargo volumes increase to 2.3 million tonnes, up 5.0 per cent year-on-year. Total revenue for the first six months climbed to EUR 1.43 billion, up 4.1 per cent while EBITDA reached EUR 116.3 million, up 35.5 per cent.

In the Cargo Services business, total half-year revenue amounted to EUR 0.26 billion, up 7.3 per cent year-on-year. Swissport also recorded a positive trend in its Ground Handling business with EUR 1.17 billion of revenue for the first half of 2018, up 3.4 per cent.

“Swissport continues to deliver value by focusing on profitable growth,” says Eric Born, group president and CEO of Swissport International AG. “A mix of organic growth, our acquisition of Aerocare, the disciplined restructuring of underperforming operations and the exit from continuously loss-making activities, contributed to the favourable results”.

Swissport International AG,on behalf of more than 850 client-companies, handles approximately 4.7 million tonnes of air cargo at 133 warehouses world-wide. Several of its cargo warehouses have been certified for Pharmaceutical Logistics by IATA’s CEIV. With a workforce of 68,000, the global provider of ground and air cargo services, is active at 315 airports in 50 countries across all five continents. In 2017 the group generated consolidated operating revenue of EUR 2.8 billion.

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Swissport Int'l sees 1H cargo handling grow 5% to 2.3 million tonnes
Article Name
Swissport Int'l sees 1H cargo handling grow 5% to 2.3 million tonnes
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In the first half of 2018, Swissport International AG saw cargo volumes increase to 2.3 million tonnes, up 5.0 per cent year-on-year.
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AsiaCargoBuzz.com
AsiaCargoBuzz.com
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