Kuehne + Nagel's economic performance is still declining.

 The movement of sea and air shipment volumes is growing

In the first quarter of this year, the trend continued decrease in the value of the group's economic performance Kuehne + Nagel, a trend that has characterized all the Main business segments in which the Group operates Swiss. Net sales in the period amounted to 5.51 billion Swiss francs (€5.7 billion), with a down -18.4% on the first three months of 2023. EBITDA and EBIT amounted to €567 million (-28.3%) and €376 million respectively CHF (-38.6%) and net profit totalled CHF 278 million (-39,8%).

In the field of maritime shipping alone, division that in the first quarter of 2024 moved a traffic equal to one million TEU containers (+1.5%), turnover net income was over CHF 1.9 billion (-27.8%), EBITDA of €204 million (-41.7%) and operating profit of €197 million (-42,7%). In the air freight segment, which handled volumes amounted to 491 thousand tons (+3.4%), net sales were CHF 1.6 billion (-15.0%), EBITDA of CHF 111 billion million (-35.5%) and EBIT of €94 million (-39.0%). The division that deals with road haulage of goods has achieved a turnover net income of €860 million (-10.0%), EBITDA of €44 million (-33.3%) and EBIT of €30 million (-42.3%). In the contract logistics sector Net sales amounted to more than €1.1 billion Swiss francs (-9.8%), EBITDA at €217 million (+0.9%) and EBIT to €55 million (-11.3%).

"In a difficult context," commented the administrator Group Delegate, Stefan Paul - Kuehne + Nagel started the 2024 financial year with significant but lower results compared to last year. Our focus on efficiency and the optimisation of the structures has allowed us to reduce the unit costs of 12% in maritime logistics and 14% in air logistics'.