Free Porn
xbporn
17.4 C
Hamburg
Friday, July 19, 2024
Home News Kuehne + Nagel reports enhanced results for sixth time in a row

Kuehne + Nagel reports enhanced results for sixth time in a row

The Kuehne + Nagel Group saw improved results in the 2019 business year. Net turnover increased by 1.5% to CHF 21.1 billion (US$21.7 billion) and gross profit also increased by 3.5% to CHF 8.0 billion (US$8.2 billion) against the previous year. EBIT was up 7.5% at CHF 1.1 billion (US$1.13 billion), exceeding the billion-Swiss Franc mark for the first time. Earnings for the year were up 3.6% at CHF800 million (US$823 million).

Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG, commented: “In contract logistics, the restructuring of the product, customer and real estate portfolios led to a considerable improvement in results.”
Seafreight
CHF million 2019 2018 Change
Net turnover 7,457 7,129 +4.6%
Gross profit 1,539 1,482 +3.8%
EBIT 456 418 +9.1%

Kuehne + Nagel further grew its position as market leader in seafreight in the 2019 business year. Net turnover was up 4.6% at CHF7.5 billion (US$7.7 billion) and gross profit was up by 3.8% at CHF1.5 billion (US$1.54 billion). Thanks to the focused growth strategy and high-quality service, the business unit again achieved growth in a stagnating market. A total of 4.9 million TEU were shipped, 171,000TEU more than last year (up 3.6%).

EBIT increased by 9.1% to CHF456 million (US$469 million) against the previous year. The business unit restored the conversion rate (EBIT to gross profit ratio) to 29.6%, one of the top results in the sector.

Read here the full 2019 annual report of Kuehne + Nagel

Overland

CHF million 2019 2018 Change
Net turnover 3,586 3,526 +1.7%
Gross profit 1,121 1,088 +3.0%
EBIT 78 76 +2.6%

 

In the 2019 business year, net turnover for overland grew 1.7% against the previous year at CHF 3.6 billion (US$ 3.7 billion) and gross profit increased by 3.0% to CHF 1.1 billion (US$ 1.13 billion). Kuehne + Nagel gained market share in a weakening market environment.

The business unit added to the European network with the acquisition of Joebstl in Austria as well as Rotra, a leading road transport provider in the Belgium and the Netherlands. Business with large-scale customers continued to drive growth in North America, whilst the intermodal business weakened because of a falling oil price. The business unit expanded its presence in South East Asia with the launch of a new digital booking platform. EBIT improved by 2.6% to CHF78 million (US$80.2 million).





Latest Posts

MSC commences inaugural flight from Milan to Hong Kong

MSC Air Cargo has announced the launch of its first commercial flight from Italy's Milan Malpensa Airport (MXP) to Hong Kong International Airport (HKG). The...

Evergreen vessel marks draft-record in Zeebrugge

Evergreen's container vessel Ever Greet successfully docked in the West Flanders port in Zeebrugge, Belgium on 17 July. Below the water level, the boxship of...

India launches maritime centre

India's Ministry of Ports, Shipping, and Waterways (MoPSW) is establishing the India Maritime Centre (IMC), a significant initiative under the Maritime India Vision 2030. In...

Maersk applies new PSS from Tunisia to West Africa

Maersk is introducing a Peak Season Surcharge (PSS) for all dry containers from Tunisia to West Africa destinations effective from 2 August. The Peak Season...

NYK buys segments of ENEOS Ocean’s shipping business

NYK will acquire 80% of the shares of a new company to be established by ENEOS Ocean Corporation, a consolidated subsidiary of ENEOS Holdings,...