News / Panalpina has 'stood its ground in a very volatile environment', says CEO

Panalpina-Bosch-Connected-Worldstefan karlen-3

25/10/2018

Panalpina’s poor showing in ocean freight dominated its finance and earnings call this morning as it released its third-quarter results.

As investors privately expressed “disappointment”, Panalpina itself focused on the 8.9% year-on-year growth in gross profit, to CHF1.116bn ($1.117bn), with ebit up 15.5%, to CHF83.2m, and profit up 5.4%, ...

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