Panalpina’s gross profit decreased by 3.3 percent to CHF 1,424.6 million in 2016 (2015: CHF 1,473.8 million). Adjusted for oil and gas related restructuring expenses of CHF 28.0 million, EBIT reached CHF 109.9 million (reported 2016: CHF 82.0 million; 2015: CHF 117.2 million). The adjusted EBIT-to-gross-profit margin came in at 7.7 percent (reported 2016: 5.8 percent; 2015: 8.0 percent) and the adjusted consolidated profit amounted to CHF 80.2 million (reported 2016: CHF 52.3 million; 2015: CHF 88.2 million).
http://www.stattimes.com/panalpina-records-highest-air-freight-volumes-since-2007-supply-chain
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