Clasquin: the share price falls after a trading update
The transport engineering specialist explains the 15% fall in its gross sales margin over the last three months of the year by the decline in volumes transported, both by air and sea, and by a fall in its unit margin in the air sector.
Over the year as a whole, however, its gross sales margin rose by 14.9%, thanks to the acquisition of new customers (market share gains) and the development of business with existing customers.
For 2023, the Lyon-based group expects business volumes to outperform the market.
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