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News / Panalpina upbeat over H1 results, but analysts have doubts

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Panalpina has struggled to get its customers to adjust to the “new normal” of higher freight rates, putting its yields under pressure.

In a perhaps unjustifiably upbeat earnings release, the forwarder said that, in its first half, EBIT increased year-on-year from CHF34.7m to CHF42m ($43.8m).

While net forwarding ...

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