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News / Pressure on margins sees Panalpina profits take a hit in Q1

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Panalpina
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Margin pressures battered Panalpina’s first-quarter results: revenue and profit dropped, year-on-year, despite volume growth outpacing the market average.

The forwarder’s revenue for the three months to March fell 2.3% on 2016, down from CHF1.3bn ($1.3bn) to CHF1.2bn, leading to a steep 28.3% drop in net profit, from ...

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