Bank casts doubts on Panalpina's performance ahead of DSV report
After Panalpina has published its half-year report, investment bank Jefferies is no longer certain that DSV's recently acquired logistics company can meet its own expectations for the year. DSV will publish its half-year results on Wednesday.
Panalpina recently reported an operating profit for the second quarter that was 24 percent lower than in the same period last year and came to CHF 24 million (USD 24 million). At any rate, this puts some pressure on the new owner, DSV, which is set to publish its interim report later this week – and observers are especially interested in news relating to the acquisition of the Swiss company and how this will affect the business going forward.
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