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Better at Panalpina

[ March 8, 2014   //   ]

Forwarding and logistics company Panalpina says it has made steady financial progress in 2013, posting double earnings before interest and tax of CHF 48 million – or CHF 108 million when adjusted for non-recurring items. It also outperformed the market in air and ocean freight, it said. However, CEO Peter Ulber, who has been at the helm of the company since June, added: “There is still a lot of room for profitability improvements, especially in Logistics and Ocean Freight.”

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