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‘Frankenschock’ hits Stadler results
By Railway Gazette International2016-06-14T07:41:00
STADLER: The after-effects of the Swiss central bank’s January 2015 decision to remove the exchange rate cap with the euro have hit Stadler, owner and CEO Peter Spuhler said when reviewing the past year on June 13. The ‘Frankenschock’ had brought a ‘massive collapse’ in margins, which Stadler estimates has ...
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