Supply chain radar: Why the Sfr5.5bn takeover of Panalpina is even more expensive than we thought

July 18, 2019 Alessandro Pasetti

“Here we go: Panalpina (PAN)’s first-quarter (Q1) EPS numbers [only slightly lower than comparable, record Q115 EPS since 2015] were just an exception earlier this year. What else?”
The Swiss 3PL was the first to report today, in what could well be the beginning of the hottest earnings seasons in recent memory for air and ocean freight operators.
In April, when we bumped into Panalpina’s quarterly update, the choice was to either blame, ...

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