News / Clasquin sees margins squeezed in H1 as MSC takeover awaits clearance

French freight forwarder Clasquin, currently the subject of a takeover offer by the world’s largest shipping line, MSC, this week reported 9.1% year-on-year growth in 2024 first-half revenue, to €310m ($345m).

Gross profit was up 4.7%, to €70.6m, but Ebitda declined 18.9%, to €13.3m, which the group said was due to “an increase in operating expenses linked to investments in the group’s digital tools, which will drive future growth”, as well a decline in results by its Moroccan Timar Group subsidiary.

It ...