International Freight Forwarding And Logistics company Panalpina Preserved Profitability In The First Quarter Of 2016

Panalpina counters contracting oil and gas business.Panalpina reported an EBIT of CHF 24.0 million (Q1 2015: CHF 25.3 million) and a consolidated profit of CHF 17.3 million (Q1 2015: CHF 19.6 million). In a continuously soft market, transport volumes grew in Air Freight but decreased in Ocean Freight. Logistics reported the fifth positive consecutive quarter on EBIT level.

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newswire.com/news/panalpina-counters-contracting-oil-and-gas-business

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