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News / Cost-conscious Panalpina stays buoyant despite contracting markets

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Swiss forwarder Panalpina today reported third-quarter results, which saw revenue for the first nine months of the year down 12% year-on-year and unadjusted EBITDA tumbling 20.4% to SFr104.6m (US$105.1m).

The company’s results were hit by the SFr26.1m cost of restructuring its oil and gas division in the second quarter. ...

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