Swiss 3PL Panalpina, currently the subject of intense merger and acquisition scrutiny, today posted double-digit increases in profits for 2018.
Revenues passed the Sfr6bn mark, up from Sfr5.5bn in 20017, while reported ebit grew 15% to reach Sfr118.4m, compared with Sfr103.3m the year before.
The ebit-to-gross-profit margin stood at 7.9%, up from 7.4%.
The results came on the back of rising air freight volumes and higher profitability in its ocean freight business – “another year …
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Source: The Loadstar
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