Friday, April 21, 2017

Panalpina’s air, ocean freight vertical’s volume increases; margins remain under pressure

Panalpina’s air, ocean freight vertical’s volume increases; margins remain under pressure

Panalpina’s air, ocean freight vertical’s volume increases; margins remain under pressure

Panalpina’s group gross profit decreased 9 percent to CHF 332.7 million in the first quarter of 2017 (Q1 2016: CHF 364.9 million), while total operating expenses were reduced by 7 percent to CHF 305.7 million (Q1 2016: CHF 328.7 million) year on ye

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